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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2022 through the present, Ms. Chua has served as Senior Executive Director for ShangZen M&A Consulting, a global consulting firm focused on cross-border M&A transactions in the automotive and green technology industries. From January 2020 to the present, she has also been Senior Vice President of Xencio Technology Shanghai Co. Limited, a company involved in AI-driven solutions for automotive supply chains and predictive maintenance. From November 2015 to August 2019, she was Senior Executive Director of NMC Capital, a cross-border investment firm active in the automotive, media, and consumer markets. From April 2013 to November 2015, she served as Investment Director of Zhejiang Kunlun Holding, a diversified holding company focused on real estate and consumer market investments. From August 2006 to March 2013, she was Audit Manager at KPMG Shanghai, a global accounting and consulting firm, where she specialized in retail and consumer products audits and supply chain financial operations.

Chua is also currently a director of various private investment entities focused on automotive technology and emerging markets, and she
has served on multiple boards within the last five years. She holds a Bachelor of Business Administration from Shanghai International
Studies University and an MBA-equivalent certification in Electric Vehicle Market Analysis (2023). She is also a Certified CICPA.

Ben
Silverman, age 55

Director
Nominee

Ben
Silverman combines over 30 years of experience in entertainment. He has been nominated for 9 Emmys and 6 Golden Globes, winning 1 Emmy
and 2 Golden Globes. Previously he had been involved in 6 companies in the entertainment industry, holding senior management positions
of CEO, Chairman, Executive Producer, and Director of International Packaging. From 1995 – 2002, he was the Director of International
Packaging at WME. In 2002, he co-founded Reveille Productions, serving as its CEO and Executive Producer. From 2007-2009, he was the
co-chairman of NBC Entertainment and Universal Media Studios. He founded Electus, a production company in 2009, serving as its CEO. He
is currently co-founder and CEO of Propagate Content, a position he has held since co-founding the company in 2015. He has an undergraduate
degree from Tuft’s University.

Ira
Kurgan, age 71

Director
Nominee

Ira
Kurgan combines over 30 years of experience in entertainment senior management, following earlier roles in business affairs. He has been
involved in at least three companies in the entertainment industry, holding senior management positions such as chief of network business
operations and executive vice president. From 1987 to at least 2013, he served as chief of network business operations at Fox Broadcasting
Co., where he negotiated key financial and talent agreements for shows like American Idol and The X Factor. Prior to Fox, he held business
affairs roles at CBS from 1979-1987 and United Artists for the end of 1987, managing contracts and negotiations. He has his undergraduate
degree from UC Berkeley.

Armando
Nunez, age 64

Director
Nominee

Armando
Nuñez combines over 40 years of experience in entertainment senior management, following an early career in television production
and sales. He has been involved in five companies in the entertainment industry, holding senior management positions such as president,
CEO, and executive vice president. From 1992 to 1994, he served as Executive Vice President of International Sales at Viacom Entertainment,
supplying programming for global networks like MTV and Showtime. From 1994 to 1997, he was President of 36 New World International Television
Distribution. From 1997 to 1999, he served as President of Universal International Television, overseeing global program sales. From
1999 to 2020, he held various leadership roles at CBS, including President of CBS Broadcast International (1999–2004), President
of CBS Paramount International Television (2004–2012), President and CEO of CBS Global Distribution Group (2012–2020), and
Chief Content Licensing Officer for CBS Corporation and later Viacom CBS. In 2022, he founded Peritus Global Advisors, serving as its
CEO. He earned an undergraduate degree from the Gabelli School of Business at Fordham University in 1982. Armando has been the Chair
of Fordham’s Board of Trustees since 2022.

Patricio
Rabuffetti, age 63

Director
Nominee

Patricio
Rabuffetti combines over 35 years of experience in entertainment. He founded Non-Stop Studios in 1989, and has served as the company’s
President since then. In 1998, Non-Stop became the main production arm for The Walt Disney Channels through-out Latin America, and subsequently
launched Disney Channels across LATAM (including Mexico, Brazil and Argentina) in 2000. In 2022, he created the Screen Capital Fund,
raising 20 million from investors to fund film and TV series. In 2023, he founded Cocao & Cia, Grupo iZen to produce content for
the global Spanish-speaking market. He has earned his undergraduate degree in Economics from Universidad Argentina de la Empresa.

Family
Relationships

There
are no family relationships among any of our executive officers or directors.

Corporate
Governance

are committed to having sound corporate governance principles, which are essential to running our business efficiently and maintaining
our integrity in the marketplace. We understand that corporate governance practices change and evolve over time, and we seek to adopt
and use practices that we believe will be of value to our stockholders and will positively aid in the governance of the Company. To that
end, we regularly review our corporate governance policies and practices and compare them to the practices of other peer institutions
and public companies. We will continue to monitor emerging developments in corporate governance and enhance our policies and procedures
when required or when our Board determines that it would benefit our Company and our stockholders.

this section, we describe the roles and responsibilities of our board of directors and its committees and describe our corporate governance
policies, procedures and related documents. The charters of the Audit, Nominating and Corporate Governance, and Compensation Committees
of our Board of Directors, our Corporate Governance Guidelines and Code of Business Conduct and Ethics can be accessed electronically
under the “Governance” link on the Investor Relations page of our website at www.ambitious.tv. We will also provide a printed
copy of any of these materials without charge upon written request sent to our Investor Relations department at _____. The inclusion
of our website address in this section does not include or incorporate by reference the information on our website into this prospectus.

Board
Composition

Our
business and affairs are managed under the direction of our board of directors, which currently consists of [●] members. The number
of directors is determined by our board of directors, subject to the provisions of our amended and restated certificate of incorporation
and amended and restated bylaws. Our directors are elected annually for one-year terms.

Controlled
Company Status

Under
the NYSE American listing rules, a “controlled company” is a company of which more than 50% of the voting power for the election
of directors is held by an individual, a group or another company. We are a controlled company because Mr. Shaw, our Co-President and
Interim Chief Executive Officer, holds more than 50% of our voting power, and we expect we will continue to be a controlled company upon
completion of this offering.

Therefore,
for so long as we remain a controlled company, we qualify and are eligible for the exemptions afforded to controlled companies from certain
corporate governance requirements set forth in the NYSE American listing rules, which include the following:

●	our
Board of Directors is not required to be comprised of a majority of independent directors;

●	our
Board of Directors is not subject to the compensation committee requirement; and

are not subject to the requirements that director nominees be selected either by the independent directors or a nomination committee
comprised solely of independent directors.

The
controlled company exemptions do not apply to the audit committee requirement or the requirement for executive sessions of independent
directors. Although we do not currently plan to take advantage of the exemptions provided to controlled companies, we may in the future
take advantage of such exemptions.

Director
Independence

a “controlled company,” we are not subject to the corporate governance rules of the NYSE American requiring: (i) a majority
of independent directors on our board of directors, (ii) an entirely independent corporate governance and nominating committee, and (iii)
an entirely independent compensation committee. We have created or will create an audit committee, a compensation committee, and a nominating
and corporate governance committee.