SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: DRS/A
Document Type: DRS/A
Date Filed: 2025-10-08
Accession Number: 0001493152-25-017387
Exchange: 
SIC Code: 7812
SIC Description: Services-Motion Picture & Video Tape Production
URL: https://www.sec.gov/Archives/edgar/data/1900851/000149315225017387/filename1.htm

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confidentially submitted to the Securities and Exchange Commission on October 8, 2025.

This
draft registration statement has not been filed publicly with the Securities and Exchange Commission and all information contained herein
remains confidential.

Registration

UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

WASHINGTON,

FORM

REGISTRATION
STATEMENT

UNDER

THE
SECURITIES ACT OF 1933

AMBITIOUS
ENTERTAINMENT, INC.

(Exact
name of registrant as specified in its certificate of incorporation)

Nevada 7812

(State
or other jurisdiction of
incorporation
or organization) (Primary
Standard Industrial
Classification
Code Number) (I.R.S.
Employer
Identification
Number)

W 6th Avenue

Vancouver,
British Columbia V5Y 1K6

Canada

(Address,
including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Kirk
E. Shaw

Co-President
and Interim Chief Executive Officer

Ambitious
Entertainment, Inc.

S. 8th Street

Las
Vegas, Nevada 89101

(Name,
address, including zip code, and telephone number, including area code, of agent for service)

Copies

Scott
E. Linsky, Esq.
Lucosky
Brookman LLP
Wood Avenue South, 5th Floor
Woodbridge,
slinsky@lucbro.com [Underwriters’
Counsel]

Approximate
date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective.

any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933 check the following box: ☒

this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the
following box and list the Securities Act registration statement number of the earlier effective registration statement for the same
offering. ☐

this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large
accelerated filer	☐ Accelerated
filer	☐

Non-accelerated
filer	☒ Smaller
reporting company	☒

Emerging
growth company	☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

The
registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the
registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective
in accordance with section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date
as the Securities and Exchange Commission, acting pursuant to said section 8(a), may determine.

The
information in this preliminary prospectus is not complete and may be changed. We may not sell these securities until the registration
statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell nor does
it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

SUBJECT
TO COMPLETION, DATED _____, 2025

PROSPECTUS

Shares

Common
Stock

This
is the initial public offering of Ambitious Entertainment, Inc. (the “Company”, “Ambitious”, “we”,
“our” or “us”). We are offering [●] shares of our common stock, $0.001 par value per share. We anticipate
that the initial public offering price per share will be between $[●] and $[●].

Prior
to this offering, there has been no public market for shares of our common stock. We intend to apply to have shares of our common stock
listed on the NYSE American LLC (“NYSE American”) under the symbol “_______”. No assurance can be given that
our application will be approved. If our listing application is not approved, we will not proceed with this offering.

are an “emerging growth company” and a “smaller reporting company”, each as defined in the federal securities
laws and we will, therefore, be subject to reduced public company reporting requirements. See “Prospectus Summary — Implications
of Being an Emerging Growth Company” and “Prospectus Summary — Implications of Being a Smaller Reporting Company”.

are, and following the completion of this offering will continue to be, a “controlled company” as defined under Rule 303A
of the NYSE Listed Company Manual. Kirk E. Shaw, our Co-President and Interim Chief Executive Officer beneficially owns approximately
[●]% the outstanding shares of our common stock and will own approximately [●]% of the outstanding shares of our common stock
after the offering. However, we do not intend to avail ourselves of the corporate governance exemptions afforded to a “controlled
company” under Rule 303A of the NYSE Listed Company Manual. See “Prospectus Summary – Implications of Being a Controlled
Company”, “Management – Controlled Company Status” and “Risk Factors—Risks Related to Our Common
Stock and this Offering”.

Investing
in our shares involves a high degree of risk. See “Risk Factors” beginning on page 15 of this prospectus for a discussion
of information that should be considered in connection with an investment in our securities.

Neither
the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined
if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Per
Share Total

Initial
public offering price (1) $ $

Underwriting
discounts and commissions (2) $ $

Proceeds
to us, before expenses $ $

(1)	Assuming
an initial public offering price of $[●], the midpoint of the estimated initial public offering price range set forth on the
cover page of this prospectus.

(2)	Represents
an underwriting discount equal to [●]% per share. We have also agreed to reimburse the underwriters for certain expenses and
to pay to the representative at the closing of the offering a non-accountable expense allowance equal to [●]% of the gross
proceeds of this offering. See “Underwriting” for additional information regarding underwriting compensation.

have granted the underwriters an option, exercisable for a period of 45 days from the date of this prospectus, to purchase up to [●]
additional shares of our common stock from us at the initial public offering price, less underwriting discounts and commissions, solely
to cover over-allotments, if any. If the underwriters exercise the option in full, the total underwriting discounts and commissions payable
will be $[●], and the total proceeds to us, before expenses will be $[●].

The
underwriters expect to deliver the shares of common stock to investors on or about ____________, 2025.

The
date of this prospectus is ______________, 2025

TABLE
OF CONTENTS

ABOUT THIS PROSPECTUS i

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS ii

PROSPECTUS SUMMARY 1

RISK FACTORS 15

USE OF PROCEEDS 26

DIVIDEND POLICY 27

CAPITALIZATION 28

DILUTION 29

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 30

BUSINESS 46

MANAGEMENT 53

EXECUTIVE OFFICER AND DIRECTOR COMPENSATION 59

CERTAIN RELATIONSHIPS AND RELATED PERSONS TRANSACTIONS 63

PRINCIPAL STOCKHOLDERS 64

DESCRIPTION OF CAPITAL STOCK 65

SHARES ELIGIBLE FOR FUTURE SALE 70

MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS 72

UNDERWRITING 75

SELLING RESTRICTIONS 80

LEGAL MATTERS 82

EXPERTS 82

WHERE YOU CAN FIND MORE INFORMATION 82

INDEX TO FINANCIAL STATEMENTS F-1

ABOUT
THIS PROSPECTUS

You
should rely only on the information contained in this prospectus and any free writing prospectus prepared by or on behalf of us or to
which we have referred you. Neither we nor the underwriters have authorized anyone to provide information different from that contained
in this prospectus, any amendment or supplement to this prospectus, or in any free writing prospectus prepared by us or on our behalf.
Neither we nor the underwriters take any responsibility for, and can provide no assurance as to the reliability of, any information other
than the information in this prospectus, any amendment or supplement to this prospectus, and any free writing prospectus prepared by
us or on our behalf. Neither the delivery of this prospectus nor the sale of our shares means that information contained in this prospectus
is correct after the date of this prospectus. We and the underwriters are offering to sell the shares, and seeking offers to buy the
shares, only in jurisdictions where offers and sales are permitted. This prospectus is not an offer to sell or the solicitation of an
offer to buy our shares in any circumstances under which such offer or solicitation is unlawful.