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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and other items that management considers not indicative of our core operating results. This measure should be viewed as a supplement to, not a substitute for, our GAAP results. The above discussion contains a reconciliation of Net Loss, the most directly comparable GAAP measure, to EBITDA for the periods presented. BUSINESS Company Overview Ambitious Entertainment, Inc., a Nevada corporation, was incorporated in September 2020. The company was founded to harness the power of online influencers, emerging technologies, and global financing through strategic partnerships with viral creators. Ambitious creates film and television content that is intended to sell quickly, scale globally and monetize early, often before traditional studios react, by combining what management considers to be A-list talent (such as Charlize Theron, John Travolta and Nicolas Cage), top-tier writers and directors (including Bob Yari and Academy Award winner Kathryn Bigelow) and leading digital creators (such as Adam Rose and JoJo Siwa).

2024, as we identified the legacy production services sector contracting, Ambitious identified major industry shifts driven by the rise
of artificial intelligence and the increasing influence of digital creators as mainstream celebrities. Following this shift, the company
pivoted away from production services to focus on building proprietary content aligned with these trends. To strengthen market leadership
and identity, Ambitious appointed veteran television executive Chris Phillip (Executive Producer of Sherlock & Daughter, currently
on The CW) as Co-President, overseeing the Television Division. The Company’s Board of Directors includes leading media executives:
Armando Nuñez (former CEO, CBS International), Ira Kurgan (former Chief of Network Business Operations, Fox), and Ben Silverman
(Emmy-winning producer of The Office).

Ambitious
is actively developing and packaging projects with built-in social reach through collaborations with influencers. For example, this year
Ambitious launched a fully owned production, Cancel Me. A feature film set for production this year, developed with Adam Rose,
which leverages his multi-million-view online presence (generated from 6.3 million followers on Facebook, 7.1 million followers on Instagram,
and 1.5 million followers on LinkedIn as of June 30, 2025) to drive awareness and early monetization. The Company’s strategy is
to integrate development, packaging, marketing, and production into a seamless end-to-end ecosystem that maximizes IP value beyond mere
film distribution to include a social media marketing campaign with ancillary online and physical products designed for the online fans.
We have secured several IPs for 2026 and beyond. Notably, Ambitious is developing the animated series, Tehk City, in collaboration
with Ice-T, Snoop Dogg, Dr. Dre, and Arabian Prince. These current projects exemplify the Company’s transition from service production
to a forward-looking business model centered on proprietary content creation

of December 31, 2024, our independent registered public accounting firm’s report on our financial statements includes an explanatory
paragraph regarding our ability to continue as a going concern. The auditor noted that we have incurred recurring net losses, have an
accumulated deficit, and will need to raise additional capital to support our operations. These conditions and events raise substantial
doubt about our ability to continue as a going concern. We plan to fund our operations through equity financings, debt arrangements,
and strategic partnerships; however, there can be no assurance that such funding will be available on acceptable terms, or at all.

Business
Strategy

The
Company generates initial revenue through the release of films and television series across various U.S. outlets, followed by distribution
of completed titles to foreign markets. Additional revenue sources include electronic sell-through (“EST”), which are expected
to become a significant driver of the Company’s revenue model, as well as international sales, versioning, and ancillary sales
to fans.

addition to its owned and controlled content slate, Ambitious Entertainment from time to time retains participation rights in third-party
film projects it has supported through either production services or financial contributions. These participations provide the Company
with potential future upside beyond fixed service fees.

Under
the terms of these arrangements, Ambitious is entitled to receive a contractually defined percentage of revenues once the projects generate
overages, meaning revenues in excess of agreed recoupment thresholds such as production costs, distribution expenses, or investor returns.

This
structure enables the Company to benefit from potential long-term revenue streams tied to the financial success of these films, even
though Ambitious does not own the underlying intellectual property. While the magnitude and timing of such revenue are inherently uncertain
and contingent upon commercial performance, management views these participations as an additional source of potential future earnings
that complements the Company’s strategy of transitioning to a full owner-producer model.

Ambitious
Entertainment is actively transitioning to an owner-producer business model. Under this model, all current projects are fully owned by
the Company, with intellectual property rights secured for production. As of the date of this filing, the Company has packaged four television
series, four feature films, and two documentary series, all owned by the Company and scheduled for development and production beginning

For
example, the Company’s upcoming comedy feature, Cancel Me, illustrates our intended release and monetization strategy. A
U.S. theatrical release has been secured, with a contract expected to be finalized in September 2025. The planned theatrical release
will initially include approximately 300 theaters, expanding to approximately 1,000 theaters over several weeks. Following the theatrical
run, Cancel Me is expected to be distributed via EST, which management anticipates will represent a primary source of revenue
due to the Company receiving a majority of the proceeds. The film is then intended to be licensed to a major streaming platform.

Outside
North America, the Company plans to market completed films to international distributors and pursue a long-term strategy of adapting
its content for local markets as a franchise. In the case of Cancel Me, management intends to replicate the concept in the United
Kingdom, India, and other territories. The inclusion of six prominent online influencers in the film provides a built-in fan base, and
the storyline is structured to enable replication for international franchise development.

The
Company has also engaged WHTWRKS, a New York-based marketing firm, to secure approximately $500,000 in product integration commitments
for Cancel Me, which will be received directly by the Company. In addition, the Company plans to leverage the fan base of the
film’s cast through a dedicated marketing campaign, which management anticipates implementing prior to the commencement of principal
photography.

This
business strategy illustrates how the Company’s owner-producer model integrates multiple revenue streams, including theatrical
exhibition, EST, streaming licensing, international distribution, franchising, sponsorships, and ancillary fan-related sales.

addition to its internal capabilities, Ambitious Entertainment benefits from the relationships and industry experience of its Co-Presidents
and Board members, which collectively provide meaningful direct access to leading streaming platforms, studios, and distributors worldwide.
Management believes this access represents a key competitive advantage as the Company transitions to an owner-producer model.

Management
is actively exploring potential future opportunities to enhance fan engagement and the overall fan experience in connection with influencer-driven
content. This includes preliminary discussions with various companies and executives regarding the potential use of digital assets to
deliver unique fan experiences by offering exclusive content. These discussions are exploratory in nature and are limited to non-financial
fan engagement concepts. They are intended solely to test ideas and assess fan response to marketing communications and engagement strategies,
and do not involve financial transactions, investment opportunities, or participatory investment activities.

the long term, Ambitious envisions a potential model in which content could be financed and distributed directly to fans, bypassing traditional
studios, EST, or streaming channels. This concept remains at a preliminary stage, and the Company has not yet determined whether or when
such a model may be implemented.

●	Leadership
Relationships:

Ÿ Kirk
Shaw (Co-President and Interim Chief Executive Officer, Film) has produced more than 260 feature films and brings long-standing
relationships with U.S. and international distributors across both theatrical and digital markets.

Ÿ Chris
Philip (Co-President, Television) leverages extensive television industry experience and active relationships with major streamers.
Through his prior role, Mr. Philip was directly involved in the development and launch of Sherlock and Daughter, currently airing
on HBO Max.

●	Board-Level
Access Support:

The
Company has also strengthened its ability to access global buyers through its Board nominees. For example, Board member Ben Silverman
has an established track record in scripted television evidenced by his involvement in projects such as The Office (NBC 2005-2013), Jane
the Virgin (The CW 2014-2019), and Ugly Betty (ABC 2006-2010. The involvement of Mr. Philip, Mr. Shaw, and the Board provides Ambitious
with direct pathways to present content to all major streaming services. This network enhances the Company’s ability to secure
distribution agreements for both current projects (Cancel Me and Tehk City) as well as future productions.

The
Ambitious Model Reduces Risk

●	Content
marketing accelerator: Merges traditional and digital media.

●	Maximizes
efficiency: influencer promotion boosts reach without ad spend.

●	Keeps
costs low: Utilizes tax incentives and traditional pre-sales when advantageous.

●	Innovative
tech: Avoids outdated studio models with large upfront investments.

●	Global
content strategy: Unlocks multiple global revenue streams.

●	Lean,
high-margin model: Focused on profitability and scalability from day one.

Key
Growth Strategies