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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Per Share Total Without Over-Allotment Option Total With Full Over-Allotment Option Initial public offering price (1) $ 4.50 $ 16,000,002 $ 18,400,001 Underwriting discounts and commissions Proceeds, before expenses, to us $ 4.14 $ 14,720,002 $ 16,928,001 (1) Assuming an initial public offering price of $4.50, the midpoint of the estimated initial public offering price range set forth on the cover page of this prospectus. (2) Represents an underwriting discount of 8% of the gross proceeds of the offering, assuming all investors in this offering are introduced by the underwriters. have agreed to pay the Representative up to $175,000 for out-of-pocket accountable expenses, including but not limited to, fees and expenses of legal counsel, settlement and clearing, and other out-of-pocket expenses, market data, roadshow expenses and cost of background checks; and, if applicable, the costs associated with the use of a third-party electronic road show service (such as net roadshow).

have also agreed to pay, at the closing of the offering, a non-accountable expense allowance to the Representative equal to 1%
of the gross proceeds received by us from the offering.

Discretionary
Accounts

The
underwriters do not intend to confirm sales of the securities offered hereby to any accounts over which they have discretionary authority.

Representative’s
Warrants

have agreed to issue to the Representative or its designees at the closing of this offering warrants to purchase the number of common
stock equal to 5% of the aggregate number of shares sold in this offering. The warrants will be exercisable at any time and from time
to time, in whole or in part, during the three (3) year period commencing nine (9) months from the commencement of sales in this offering.
The warrants will be exercisable at a per share price equal to 125% of the initial public offering price per share in the offering. In
accordance with FINRA Rule 5110(e)(1), and except as otherwise permitted by FINRA rules, neither the Representative’s Warrants
nor any of our common stock issued upon exercise of the Representative’s Warrants may be sold, transferred, assigned, pledged or
hypothecated, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic
disposition of such securities for a period of nine (9) months immediately following the commencement of sales of this offering. In addition,
although the Representative’s Warrants and the underlying common stock will be registered by the registration statement of which
this prospectus forms a part, we have also agreed that the Representative’s Warrants will provide for unlimited piggyback registration
and demand registration right at our expense and an additional demand registration right at the holder’s expense in compliance
with FINRA Rule 5110(g)(8). We will bear all fees and expenses attendant to registering the common stock issuable upon exercise of the
Representative’s Warrants. The exercise price and number of common stock issuable upon exercise of the Representative’s Warrants
may be adjusted in certain circumstances, in accordance with FINRA Rule 5110(g)(8).

Advisory
Fee

have agreed to pay the Representative an advisory fee in connection with the offering in the amount of Twenty-Five Thousand dollars ($25,000),
accrual upon public filing of this registration statement and payable within 30 business days.

Right
of First Refusal

Until
the date that is twelve (12) months after the closing date of this offering, if we or any of our subsidiaries decide (a) to finance or
refinance any indebtedness using a manager or agent, the Representative (or any affiliate designated by the Representative) shall have
the right to act as sole book-runner, sole manager, sole placement agent or sole agent with respect to such financing or refinancing;
or (b) decides to raise funds by means of a public offering (including through an at-the-market facility) or a private placement or any
other capital-raising financing of equity, equity-linked or debt securities using an underwriter or placement agent, the Representative
(or any affiliate designated by the Representative) shall have the right to act as sole book-running manager, sole underwriter or sole
placement agent for such financing. If the Representative or one of its affiliates decides to accept any such engagement, the agreement
governing such engagement will contain, among other things, provisions for customary fees for transactions of similar size and nature,
including indemnification, which are appropriate to such a transaction. Notwithstanding the foregoing, we may terminate the engagement
for “cause,” which shall include the material failure by the Representative to provide the underwriting services contemplated
by the Engagement Letter, dated October 28, 2025, between us and the Representative (the “Engagement Letter”), as provided
in FINRA Rule 5110(g)(5)(B), in which case no fee shall be payable to the Representative.

Tail
Fee

The
Representative shall be entitled to a cash fee equal to eight percent (8.0%) of the aggregate gross proceeds received by us from the
sale of any securities with respect to any public or private offering or other financing or capital raising transaction of any kind (“Tail
Financing”) to the extent that such financing or capital is provided to us by investors whom the Representative had contacted during
the term of the engagement or introduced to us during the term of engagement, if such Tail Financing is consummated at any time within
the 12-month period following the expiration or termination of the Engagement Letter. Upon our request, the Representative shall provide
us with a written list of those investors whom the Representative had contacted during the term of the engagement or introduced to us
during the term of the engagement. If the Company exercises its right to terminate the Engagement Letter for cause pursuant to FINRA
Rule 5110(g)(5)(B), no fee shall be payable to the Representative.

Lock-Up
Agreements

Pursuant
to “lock-up” agreements, our executive officers and directors, and certain of our stockholders, have agreed, without the
prior written consent of the Representative not to directly or indirectly, offer to sell, sell, pledge or otherwise transfer or dispose
of any of shares of (or enter into any transaction or device that is designed to, or could be expected to, result in the transfer or
disposition by any person at any time in the future of) our common stock, enter into any swap or other derivatives transaction that transfers
to another, in whole or in part, any of the economic benefits or risks of ownership of shares of our common stock, make any demand for
or exercise any right or cause to be filed a registration statement, including any amendments thereto, with respect to the registration
of any shares of common stock or securities convertible into or exercisable or exchangeable for common stock or any other securities
of the Company or publicly disclose the intention to do any of the foregoing, subject to customary exceptions, for a period of 180 days
from the date of this prospectus, in the case of our directors and officers, 180 days from the date of this prospectus, in the
case of certain of our principal stockholders.

Sales of Similar Securities

have agreed with the underwriters that we will not, without the prior written consent of the Representative, for a period of 180
days after the date of this prospectus: (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or
indirectly, any classes of our stocks or any securities convertible into or exercisable or exchangeable for classes of our stocks, (ii)
file or caused to be filed any registration statement with the SEC, relating to the offering of any classes of our stocks or any securities
convertible into or exercisable or exchangeable for any classes of our stocks, (iii) complete any offering of debt securities, other
than entering into a line of credit with a traditional bank, or (iv) enter into any swap or other arrangement that transfers to another,
in whole or in part, any of the economic consequences of ownership of any classes of our stocks, whether any such transaction described
in clause (i), (ii), (iii) or (iv) above is to be settled by delivery of any classes of our stocks or such other securities, in cash
or otherwise.

Electronic
Offer, Sale and Distribution of Shares

prospectus in electronic format may be made available on the websites maintained by one or more underwriters or selling group members,
if any, participating in the offering. The underwriters may agree to allocate a number of shares of securities to underwriters and selling
group members for sale to their online brokerage account holders. Internet distributions will be allocated by the Representative to underwriters
and selling group members that may make internet distributions on the same basis as other allocations. Other than the prospectus in electronic
format, the information on the underwriters’ websites and any information contained in any other website maintained by the underwriters
is not part of this prospectus or the registration statement of which this prospectus forms a part.

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