SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: DRS
Document Type: DRS
Date Filed: 2025-07-17
Accession Number: 0001493152-25-011282
Exchange: 
SIC Code: 7812
SIC Description: Services-Motion Picture & Video Tape Production
URL: https://www.sec.gov/Archives/edgar/data/1900851/000149315225011282/filename1.htm

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outstanding shares of our common stock. Upon completion of this offering, Mr. Shaw will hold approximately [●]% (or [●]% if the underwriters’ overallotment option is exercised in full) of our issued and outstanding common stock. As such, after the offering and listing of our shares of common stock on the NYSE American, we will be a “controlled company” within the meaning of the NYSE American listing rules. This concentration of voting power and control could have a significant effect in delaying, deferring or preventing an action that might otherwise be beneficial to our other stockholders and be disadvantageous to our stockholders with interests different from those individuals. Therefore, you should not invest in reliance on your ability to have any control over our company. For as long as we are an emerging growth company, we will not be required to comply with certain requirements that apply to other public companies.

are an “emerging growth company” as defined in Section 2(a) of the Securities Act. For as long as we are an emerging growth
company, unlike other public companies, we will not be required to, among other things: (i) provide an auditor’s attestation report
on management’s assessment of the effectiveness of our system of internal control over financial reporting pursuant to Section
404(b) of the Sarbanes-Oxley Act, (ii) comply with any new requirements adopted by the Public Company Accounting Oversight Board requiring
mandatory audit firm rotation or a supplement to the auditor’s report in which the auditor would be required to provide additional
information about the audit and the financial statements of the issuer, (iii) provide certain disclosures regarding executive compensation
required of larger public companies, or (iv) hold nonbinding advisory votes on executive compensation and any golden parachute payments
not previously approved. In addition, an emerging growth company can take advantage of the extended transition period provided in Section
7(a)(2)(B) of the Securities Act for adopting new or revised financial accounting standards. We intend to take advantage of the longer
phase-in periods for the adoption of new or revised financial accounting standards until we are no longer an emerging growth company.
If we were to subsequently elect instead to comply with these public company effective dates, such election would be irrevocable.

will remain an emerging growth company for up to five full fiscal years, although we will lose that status sooner if we have more than
$1.235 billion of revenues in a fiscal year, have more than $700 million in market value of our common stock held by non-affiliates (and
have been a public company for at least 12 months and have filed one annual report on Form 10-K with the SEC), or issue more than $1.0
billion of non-convertible debt over a three-year period.

the extent that we rely on any of the exemptions available to emerging growth companies, you will receive less information about our
executive compensation and internal control over financial reporting than issuers that are not emerging growth companies. We cannot predict
if investors will find our common stock less attractive because we will rely on these exemptions. If some investors find our common stock
to be less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile.

are a “smaller reporting company” and, even if we no longer qualify as an emerging growth company, we may still be subject
to reduced reporting requirements.

Additionally,
we are a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take
advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements.
We will remain a smaller reporting company until the last day of any fiscal year for so long as either: (i) the market value of our shares
of common stock held by non-affiliates does not equal or exceed $250 million as of the prior June 30th; or (ii) our annual revenues did
not equal or exceed $100 million during such completed fiscal year. To the extent we take advantage of such reduced disclosure obligations,
it may also make the comparison of our financial statements with other public companies difficult or impossible.

Sales
of a substantial number of shares of our common stock following this offering may adversely affect the market price of our common stock
and the issuance of additional shares will dilute all other stockholders.

Sales
of a substantial number of shares of our common stock in the public market or otherwise following this offering, or the perception that
such sales could occur, could adversely affect the market price of our common stock. After completion of this offering at an assumed
offering price of $[●] per share, the mid-point of the estimated offering price range described on the cover of this prospectus,
our existing stockholders will own approximately % of our common stock assuming there is no exercise of the underwriters’ over-allotment
option.

After
completion of this offering at an assumed offering price of $[●] per share, the mid-point of the estimated offering price range
described on the cover of this prospectus, there will be shares of our common stock outstanding. In addition, our certificate of incorporation,
as amended, permits the issuance of up to approximately additional shares of common stock after the completion of this offering. Thus,
we have the ability to issue substantial amounts of common stock in the future, which would dilute the percentage ownership held by the
investors who purchase shares of our common stock in this offering.

and our officers, directors and certain stockholders have agreed, subject to customary exceptions, not to, without the prior written
consent of the underwriters, during the period ending [●] days from the date of this offering, directly or indirectly, offer to
sell, sell, pledge or otherwise transfer or dispose of any of shares of our common stock, enter into any swap or other derivatives transaction
that transfers to another 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 shares of common stock or any other our securities
or publicly disclose the intention to do any of the foregoing.

USE
OF PROCEEDS

estimate that the net proceeds from our issuance and sale of shares of our common stock in this offering will be approximately $[●]
million, after deducting underwriting discounts and commissions and estimated offering expenses payable by us, or $[●] million
if the underwriters exercise their over-allotment option in full.

currently expect to use the net proceeds of this offering for [__], and other general corporate purposes including the creation of a
dedicated development fund to transform IP into television series or movies.

may also use a portion of the proceeds from this offering for [__]. we have not allocated specific amounts of net proceeds for any of
these purposes.

The
company intends to attract higher profile and more valuable IP as well as develop new and existing IP into franchises that would include
sequels, spin-offs, prequels, animated versions, and video games by building on the company’s current relationship with Netflix
which is poised to become a major player in online video games.

Each
$1.00 increase or decrease in the assumed public offering price of $[●] per share would increase or decrease the net proceeds to
us from this offering by approximately $[●], assuming that the amount of shares of common stock offered by us, as set forth on
the cover page of this prospectus, remains the same, and after deducting underwriting discounts and commissions payable by us. We may
also increase or decrease the number of shares of common stock we are offering. An increase or decrease of [●] shares of common
stock offered by us in this offering would increase or decrease the net proceeds to us by approximately $[●], assuming that the
assumed price per share to the public remains the same, and after deducting underwriting discounts and commissions payable by us. We
do not expect that a change by these amounts in the offering price to the public or the common stock offered by us would have a material
effect on our uses of the proceeds from this offering, although it may accelerate the time at which we will need to seek additional capital.