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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prevent unauthorized use or distribution of our content. Failure to successfully protect our intellectual property could have a material adverse effect on our business, financial condition, and results of operations. rely on information technology systems and could face cybersecurity risks. rely on information technologies and infrastructure, such as our company website, emails and data rooms, to manage our business, including digital storage of marketing strategies, client information, films and digital programming, and the delivery of digital marketing services. Data maintained in digital form is subject to the risk of intrusion, tampering, theft, corruption, and unauthorized access. The incidence of malicious technology-related events, such as cyberattacks, computer hacking, ransomware, phishing attacks, computer viruses, worms, denial-of-service attacks, and other destructive or disruptive activities, has increased in frequency and sophistication worldwide. In addition, power outages, equipment failures, natural disasters (including extreme weather events), terrorist activities, and human error may adversely affect our systems.

date, we have not experienced any cybersecurity incidents that have resulted in a material adverse effect on our business, financial
condition, or results of operations. However, there can be no assurance that we will not experience such incidents in the future. A significant
cybersecurity breach could result in disruption of our operations, loss or improper disclosure of personal data or confidential information,
reputational harm, regulatory investigations, litigation, remediation costs, and potential liability under applicable laws and regulations.

currently have limited formal cybersecurity policies and procedures in place. While we utilize basic security features provided by third-party
service providers and standard system configurations, we have not implemented a comprehensive cybersecurity program. As a result, our
information technology systems and data may be more vulnerable to cybersecurity incidents, including unauthorized access, data breaches,
malware attacks, phishing schemes, or other disruptions.

Any
such incident could result in the loss of confidential information, business interruption, reputational harm, regulatory scrutiny, or
financial loss, and could materially and adversely affect our business, financial condition, and results of operations.

have risks related to the development and implementation of our artificial intelligence platform.

are in the process of developing an internally developed artificial intelligence (“AI”) platform, which we expect to support
aspects of our development, production, and post-production workflows. The successful development, deployment, and integration of this
platform will require significant management attention, technical expertise, and financial resources, and there can be no assurance that
the platform will be completed on our anticipated timeline or at all.

The
implementation of new and evolving technologies, including AI, involves inherent risks, including development delays, cost overruns,
system failures, integration challenges with existing processes, cybersecurity vulnerabilities, and the risk that anticipated efficiencies,
cost savings, or competitive advantages may not be realized. In addition, the use of AI technologies may raise legal, regulatory, intellectual
property, data privacy, and ethical considerations, which could subject us to increased scrutiny, compliance costs, or potential liability.

we are unable to successfully develop, deploy, or operate our AI platform, or if the platform fails to achieve its intended objectives,
our operating results, financial condition, and growth strategy could be adversely affected.

significant portion of our revenue in a given period may be derived from a limited number of customers or projects, and the completion
or loss of any such project could adversely impact our results of operations.

Our
business model is project-based, and as a result, a significant percentage of our revenue in a given year may be attributable to one
or a small number of customers. For example, during the year ended December 31, 2024, we derived approximately 52% of our production
service revenue from a single customer, FATE. Once a project is completed, we do not continue to receive revenue from that customer unless
we are engaged for new projects. Accordingly, our revenue may fluctuate substantially from period to period depending on the timing,
size, and number of projects in progress. If we are unable to replace completed projects with new engagements on a timely basis, or if
we lose a significant customer without securing comparable replacement business, our results of operations could be materially and adversely
affected.

are transitioning away from production service work to focus on developing and producing our own intellectual property, which exposes
us to new risks and uncertainties.

Historically,
a portion of our revenue has been derived from production service work, including a prior engagement with FATE, which accounted
for approximately 52% of our production service revenue in 2024. Our engagement with FATE was project-based, and we have since
transferred our interest in that project. Accordingly, this customer relationship is not ongoing, and we do not currently have a production
services agreement with FATE.

Beginning
in 2025, we shifted our strategic focus away from providing production services to exclusively developing, producing, and owning
our own intellectual property. As a result, we do not expect production service revenue, including revenue from FATE, to represent
a significant portion of our revenues in future periods. However, our revenue in future periods may be concentrated among a limited number
of projects or counterparties, and the level of concentration will depend on the number and scale of projects in development, production,
or distribution at any given time.

While
we believe this transition may create greater long-term value, it also exposes us to additional risks. Producing and owning
content involves greater upfront capital investment, longer development timelines, and significant uncertainty as
to whether a project will achieve commercial success. Unlike production services, which generally provide contracted fee-based revenue,
our future revenues will increasingly depend on our ability to develop commercially viable content and successfully monetize
our intellectual property across theatrical, streaming, licensing, and other distribution channels.

our owned content does not achieve market acceptance, fails to secure distribution, or does not generate expected financial
returns, our business, results of operations, and financial condition could be materially and adversely affected.

Risks
Related to Our Common Stock and this Offering

Investors
in this offering will experience immediate and substantial dilution in net tangible book value.

The
public offering price per share will be substantially higher than the net tangible book value per share of our outstanding shares of
common stock. As a result, investors in this offering will incur immediate dilution of $4.43 per share, based on the assumed public
offering price of $4.50 per share, the midpoint of the estimated initial public offering price range described on the cover
of this prospectus. Investors in this offering will pay a price per share that substantially exceeds the book value of our assets after
subtracting our liabilities. See “Dilution” for a more complete description of how the value of your investment will
be diluted upon the completion of this offering.

There
can be no assurance that our shares and will be listed on the NYSE American and, if they are, our shares will be subject to potential
delisting if we do not meet or continue to maintain the listing requirements of the NYSE American.

have applied to list the shares of our common stock on the NYSE American, or, under the symbol “___”. An approval of our
listing application by the NYSE American will be subject to, among other things, our fulfilling all listing requirements of the NYSE
American. In addition, the NYSE American has rules for continued listing, including, without limitation, minimum market capitalization
and other requirements. Failure to maintain our listing, or de-listing from the NYSE American, would make it more difficult for shareholders
to sell our common stock and more difficult to obtain accurate price quotations on shares of our common stock. This could have an adverse
effect on the price of the shares of our common stock. Our ability to issue additional securities for financing or other purposes, or
otherwise to arrange for any financing we may need in the future, may also be materially and adversely affected if shares of our common
stock are not traded on a national securities exchange.

There
has been no prior public trading market for our shares and an active trading market may not develop or be sustained following this offering.

Prior
to this offering, there has been no prior public trading market for shares of our common stock. We cannot assure you that an active
trading market for our shares will develop or, if developed, that any market will be sustained. Accordingly, we cannot assure you of
the liquidity of any trading market, your ability to sell your shares of our common stock when desired or the prices that you may obtain
for your shares of our common stock. Even if an active market for shares of our common stock does develop, the market price of such shares
may be highly volatile. In addition to the uncertainties relating to future operating performance and the profitability of operations,
factors such as variations in interim financial results or various, as yet unpredictable, factors, many of which are beyond our control,
may have a negative effect on the market price of our securities.