SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: S-1
Document Type: S-1
Date Filed: 2026-05-15
Accession Number: 0001493152-26-023581
Exchange: 
SIC Code: 7812
SIC Description: Services-Motion Picture & Video Tape Production
URL: https://www.sec.gov/Archives/edgar/data/1900851/000149315226023581/forms-1.htm

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forma as adjusted basis, as of December 31, 2025, respectively 1,149 1,149 Additional paid-in capital 227,068 227,068 Accumulated deficit (14,619,181 ) (14,619,181 ) Total Stockholders’ Equity $ (14,390,940 ) $ (14,390,926 ) $ Total Capitalization $ (9,908,217 ) $ (10,228,203 ) $ DILUTION you invest in our common stock, your interest will be diluted to the extent of the difference between the public offering price per share paid by purchasers of shares in this offering and the pro forma as adjusted net tangible book value per share of our common stock immediately after the completion of this offering. Our historical net tangible book value (deficit) as of December 31, 2025 was $(14,640,940) or $(1.25) per share of common stock. Our historical net tangible book value (deficit) per share represents our total tangible assets less our total liabilities, divided by the shares of common stock outstanding as of December 31, 2025.

Our
pro forma net tangible book value (deficit) as of December 31, 2025 was $(14,224,940) or $(1.20) per share of common
stock. Our pro forma net tangible book value (deficit) represents pro forma total tangible assets less pro forma total liabilities and
pro forma net tangible book value (deficit) per share represents pro forma net tangible book value divided by the total number of shares
outstanding as of December 31, 2025, each after giving effect to the sale and issuance of 130,000 shares of preferred series A
stock, pursuant to the Bridge Financing.

Our
pro forma as adjusted net tangible book value as of December 31, 2025 was $[●] or $[●] per share of common stock. Our pro
forma net tangible book value represents pro forma total tangible assets less pro forma total liabilities and pro forma net tangible
book value per share represents pro forma net tangible book value divided by the total number of shares outstanding as of December 31,
2025, each after giving effect to the sale and issuance of 3,555,556
shares of common stock, pursuant to this public offering at an assumed initial public offering price of $4.50 per share
of common stock, which is the midpoint of the estimated initial public offering price range set forth on the cover of this
prospectus, after deducting underwriting discounts and commissions and estimated offering expenses payable by us. This amount represents
an immediate increase in the historical net tangible book value of $[●] per share to existing stockholders and an immediate dilution
of $[●] per share to new investors purchasing shares in this offering.

The
following table illustrates this dilution on a per share basis to new investors:

Assumed public offering price per share $	4.50

Historical net tangible book value per share as of December 31,

Increase in pro forma net tangible book value
(deficit) per share attributed to new investors purchasing shares from us in this offering $	1.21

Pro forma net tangible book value (deficit)
per share as of December 31, 2025 after giving effect to this offering $	0.01

Increase in pro forma as adjusted net tangible
book value (deficit) per share $	[●]

Pro forma as adjusted net tangible book value (deficit) per share as
of December 31, 2025 $	[●]

Dilution per share to new investors in this
offering $	[●]

$1.00 increase (decrease) in the assumed public offering price of $4.50 per share would increase (decrease) the pro forma as
adjusted net tangible book value per share by approximately $[●], assuming the number of shares of common stock
offered by us, as set forth on the cover page of this prospectus, remains the same, after deducting underwriting discounts and
commissions.

The
following table summarizes as of December 31, 2025, on the pro forma as adjusted basis described above, the number of shares of
our common stock, the total consideration and the average price per share (i) paid to us by our existing stockholders, and (ii) to be
paid by investors purchasing shares of our common stock in this offering at an assumed public offering price of $4.50 per share,
before deducting underwriting discounts and commissions and estimated offering expenses payable by us:

Shares Purchased Total Consideration Weighted Average Price

Amount ($) Percent Amount ($) Percent Per share ($)

Existing stockholders 11,859,841 77	% 655,841 4	% 0.06

New investors 3,555,556 23	% 16,000,002 96	% 4.50

Total 15,415,397 100	% 16,655,843 100	% 1.08

Total
consideration includes approximately $96,000 of cash proceeds and $320,000 related to non-cash consideration from the extinguishment
of debt. Certain shares
of common stock were issued for nominal consideration and are reflected as $0 for purposes of this table.

The
number of shares that will be outstanding after this offering is based on 11,492,500 shares of common stock outstanding as of
December 31, 2025, but excludes:

shares of our common stock issuable upon the exercise of warrants outstanding as of December 31, 2025 with a weighted
average exercise price of $1.88 per share; and

shares of our common stock issuable upon the conversion of convertible notes outstanding as of December 31, 2025 with a weighted
average conversion price of $2.25 per share.

●	No exercise by the underwriters of the over-allotment option.

exercise of any Representative’s Warrants.

the extent that new options or other securities are issued under our equity incentive plan, or we issue additional shares of common stock
or preferred stock in the future, there will be further dilution to investors participating in this offering. In addition, we may choose
to raise additional capital because of market conditions or strategic considerations, even if we believe that we have sufficient funds
for our current or future operating plans. If we raise additional capital through the sale of equity or convertible debt securities,
the issuance of these securities could result in further dilution to our stockholders.

MANAGEMENT’S
DISCUSSION AND ANALYSIS

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You
should read the following discussion of our financial condition and results of operations in conjunction with our financial statements
and related notes included elsewhere in this prospectus. This management’s discussion and analysis, and other parts of this prospectus,
contain forward-looking statements based upon current beliefs, plans, and expectations that involve risks, uncertainties, and assumptions.
Our actual results and the timing of selected events could differ materially from those anticipated in these forward-looking statements
due to several factors, including those set forth under “Risk Factors” and elsewhere in this prospectus. You should carefully
read the “Risk Factors” section of this prospectus to understand the important factors that could cause actual results to
differ materially from our forward-looking statements. Please also see the “Special Note Regarding Forward-Looking Statements”
section in this prospectus.

Overview

Incorporated
in Nevada in September 2020, Ambitious Entertainment is a leading independent media entertainment company which sources, finances,
develops and produces IP-based series and movies in “partnership” with the industry’s foremost creative artists, streaming
sites and studios. Collectively the Ambitious team have earned more than $4 billion in box office as well as accolades that include
three Academy Awards: Best Picture Oscar 2010, Best Adapted Screenplay Oscar 2019 and Best Original Screenplay Oscar 2018. Ambitious
markets its specialized IP development services to all major studios, streamers, and agencies, with the Ambitious Team meeting with heads
all major studios, streaming sites, and key distributors monthly in Los Angeles, California. Leading executives in Hollywood actively
seek out our producers review our current slate of projects and to bring Ambitious new projects to develop and package.

Results
of Operations

The
following analysis of results of operations is based primarily on the consolidated financial statements, footnotes and
related information for the periods identified below and should be read in conjunction with the audited consolidated financial
statements and the notes thereto for the years ended December 31, 2025 and 2024 included elsewhere in this registration
statement. The results discussed below are for the years ended December 31, 2025 and 2024.

For the
Years Ended

December

Total revenue $	1,225,000 $	9,289,445

Cost of revenue (1,225,000	) (10,330,076	)

Gross profit - (1,040,631	)

Shared-based compensation (475,000	) -

Professional fees (879,645	) (137,940	)

Consulting (623,289	) (128,000	)

Marketing and advertising - (7,747	)

Operating expenses (181,715	) (465,093	)

Other income - 23,099

Interest expense (504,650	) (953,163	)

Gain on transfer of corporate and member
interest 1,008,070 1,933,261

Change in fair value of derivative liability 342,626 (201,422	)

Loss on issuance of convertible debt (362,912	) (226,820	)

Loss on impairment of investment (128,650	) (85,837	)

Exchange loss (7,333	) -

Net loss $	(1,812,498	) $	(1,290,293	)

Revenue

the years ended December 31, 2025, and 2024, the Company engaged in the development and production of IP-based movies and recognized
revenue of $1,225,000 and $9,289,445, respectively.

Revenue
Concentration

The
Company’s revenue is derived from production service contracts resulting in a concentration of revenue among a limited number of
customers. The following table summarizes the revenue generated for the years ended December 31,
2025, and 2024:

Years Ended Years Ended

December
31, December