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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growth that could require further financial and other resources to, among other things: ● Develop, produce, and market original film and television content across multiple formats and platforms; ● Expand our distribution channels, including direct-to-consumer and streaming platforms, both domestically and internationally; ● Attract and retain top creative talent, production partners, and promotional collaborators, including social media influencers and brand sponsors. Investing in the foregoing, however, may not yield anticipated returns. Consequently, as our costs increase, we may not be able to generate sufficient revenue to sustain profitability. Servicing our debt will require a significant amount of cash, and we may not have sufficient cash flow from our business to pay our debt. Our ability to make scheduled payments of the principal of, to pay interest on or to refinance our indebtedness depends on our future performance, which is subject to economic, financial, competitive and other factors beyond our control.

may not generate cash flow from operations in the future sufficient to service our debt and make necessary capital expenditures, especially
if the offering contemplated by this prospectus is unsuccessful. If we are unable to generate such cash flow, we may be required to adopt
one or more alternatives, such as selling assets, restructuring debt or obtaining additional equity capital on terms that may be onerous
or highly dilutive. Our ability to refinance our indebtedness will depend on the capital markets and our financial condition at such
time. We may not be able to engage in any of these activities or engage in these activities on desirable terms, which could result in
a default on our debt obligations.

could become involved in litigation matters that may be expensive and time consuming, and, if resolved adversely, could harm our business,
financial condition, or results of operations.

Although
we are not currently involved in any litigation matters, any such litigation to which we are a party may result in an onerous or unfavorable
judgment that may not be reversed upon appeal, or we may decide to settle lawsuits on similarly unfavorable terms. Any negative outcome
could result in payments of substantial monetary damages or fines, or changes to our products or business practices, and accordingly
our business, financial condition, or results of operations could be materially and adversely affected.

we fail to protect our intellectual property and proprietary rights adequately, our business could be adversely affected.

Our
ability to compete depends, in part, upon successful protection of our intellectual property. We attempt to protect proprietary and intellectual
property rights to our productions through available copyright and trademark laws and distribution arrangements with companies for limited
durations. Unauthorized parties may attempt to copy aspects of our intellectual property or to obtain and use property that we regard
as proprietary. We cannot assure you that our means of protecting our proprietary rights will be adequate. In addition, the laws of some
foreign countries do not protect our proprietary rights to as great an extent as the laws of the United States. Intellectual property
protections may also be unavailable, limited or difficult to enforce in some countries, which could make it easier for competitors to
steal our intellectual property. Our failure to protect adequately our intellectual property and proprietary rights could adversely affect
our business and results of operations.

rely on information technology systems and could face cybersecurity risks.

rely on information technologies and infrastructure to manage our business, including digital storage of marketing strategies, client
information, films and digital programming and delivery of digital marketing services. Data maintained in digital form is subject to
the risk of intrusion, tampering and theft. The incidence of malicious technology-related events, such as cyberattacks, computer hacking,
computer viruses, worms or other destructive or disruptive software, denial of service attacks or other malicious activities is on the
rise worldwide. Power outages, equipment failure, natural disasters (including extreme weather), terrorist activities or human error
may also affect our systems and result in disruption of our services or loss or improper disclosure of personal data, business information
or other confidential information.

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, such as our prior engagement with FATE, which accounted for 52%
of our production service revenue in 2024. Beginning in 2025, we have shifted our strategic focus away from production services to exclusively
developing, producing, and owning our own intellectual property. While we believe this transition has the potential to create greater
long-term value and more predictable revenue opportunities, it also exposes us to additional risks. In particular, producing and owning
content involves greater upfront costs, longer development cycles, and uncertainty as to whether a given project will achieve commercial
success. Unlike production services, which generally provide contracted fee-based revenue, the success of our business will increasingly
depend on our ability to produce commercially viable content and successfully monetize our intellectual property across multiple channels.
If our owned content does not achieve market acceptance or generate the expected financial returns, our business, results of operations,
and financial condition could be materially and adversely affected.

The
exclusive forum selection provision in our bylaws could limit stockholders’ ability to choose a judicial forum

Our
amended and restated bylaws include a provision that, to the fullest extent permitted by law, designates the courts of the State of Nevada
as the exclusive forum for certain state law claims, including (i) any derivative action or proceeding brought on our behalf, (ii) any
action asserting a claim of breach of fiduciary duty owed by any current or former director, officer, employee, or stockholder to the
Company, (iii) any action asserting a claim arising pursuant to any provision of the Nevada Revised Statutes, our bylaws, or our certificate
of incorporation, or (iv) any action asserting a claim governed by the internal affairs doctrine. This provision does not apply to suits
brought to enforce any liability or duty created by the Securities Act of 1933, the Securities Exchange Act of 1934, or any other claim
for which the federal courts have exclusive jurisdiction. For any such federal securities law claims, the district courts of the United
States shall be the sole and exclusive forum.

This
forum selection provision may limit a stockholder’s ability to bring a claim in a judicial forum of its choosing, which may discourage
lawsuits against us or our directors, officers, and employees. Stockholders who wish to bring claims in jurisdictions other than Nevada
may be forced to incur additional costs to do so or may not be able to pursue certain claims at all. The courts of the State of Nevada
may also reach judgments or results that are less favorable to stockholders than other courts that stockholders may have chosen. As a
result, the exclusive forum provision in our bylaws may increase the costs for stockholders to bring a claim, discourage the filing of
claims, or limit stockholders’ ability to obtain a favorable judicial forum for disputes with us.

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 $[●] per share, based on the assumed public
offering price of $[●] per share, the mid-point of the estimated 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.