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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during the period from January 1, 2023, through December 31, 2025, the Company issued Series B warrants to purchase an aggregate of 1,045,566 shares of common stock and Series C warrants to purchase an aggregate of 1,045,566 shares of common stock. The Series B and Series C warrants were issued without separate consideration and are exercisable on the terms set forth in the applicable warrant agreements. These issuances were made in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act. Series A Warrants During the period from January 1, 2023 through December 31, 2025, the Company issued Series A warrants to purchase an aggregate of 4,000,000 shares of the Company’s common stock to accredited investors. The Series A warrants are exercisable on the terms set forth in the applicable warrant agreements and were issued in reliance upon Section 4(a)(2) of the Securities Act. Bridge Financing

In April 2026, the Company entered into four Securities
Purchase Agreements with accredited investors pursuant to which the Company agreed to sell an aggregate of thirteen (13) Units (the “Bridge Financing”). Each Unit is priced at $32,000 and consists of (i) 10,000 shares
of the Company’s Series A Convertible Preferred Stock, par value $0.0001 per share, and (ii) warrants to purchase 10,000 shares
of the Company’s common stock at an exercise price set forth in the warrant with a term of three years from the date of issuance.

The Company received $96,000 in cash from the
sale of three (3) Units. In addition, an existing note holder, Roots Properties Inc., used $320,000 of outstanding principal under a
note payable to purchase ten (10) Units, which was accounted for as a non-cash financing transaction and resulted in a corresponding
reduction of the Company’s indebtedness.

Three of the investors in the Bridge Financing
are adult children of Kirk Shaw, the Company’s Chief Executive Officer. In addition, Roots Properties Inc. is an entity for which
Mr. Shaw serves as President. Accordingly, these transactions constitute related party transactions.

The securities issued in the Bridge Financing
were offered and sold in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended, provided
by Section 4(a)(2) thereof and Rule 506(b) of Regulation D promulgated thereunder, as transactions not involving a public offering. The
investors have represented that they are accredited investors as defined in Rule 501 of Regulation D.

Item
16. Exhibits and Financial Statement Schedules

INDEX
TO EXHIBITS

Exhibit
No. Description
of Exhibit

1.1* Form
of Underwriting Agreement

3.1 Articles
of Incorporation

3.2 Certificate of Correction to the Articles of Incorporation

3.3 Amended
and Restated Bylaws

3.4 Certificate
of Designation of Series A Preferred Stock

3.5 Certificate
of Correction to the Certificate of Designation of Series A Preferred Stock

4.1* Specimen Common Stock Certificate

4.2* Form
of Representative’s Warrant

4.3 Form of Warrant dated April 1, 2026

5.1* Opinion
of Lucosky Brookman LLP

10.1 First
Promissory Note dated December 31, 2022, issued by the Company to Roots Properties Inc.

10.2 Second
Promissory Note dated December 31, 2023, issued by the Company to Roots Properties Inc.

10.3 Promissory
Note dated December 31, 2023, issued by the Company to JC3 Productions

10.4 First
Promissory Note dated December 31, 2023, issued by the Company to Kirk Shaw

10.5 Amendment
to First Promissory Note dated September 30, 2025, issued by the Company to Kirk Shaw

10.6 Second
Promissory Note dated December 31, 2023, issued by the Company to Kirk Shaw

10.7 Director’s Agreement by and between the Company and Adam Berk dated January 16, 2026

10.8 Director’s Agreement by and between the Company and Chuyun Chen dated January 16, 2026

10.9 Director’s Agreement by and between the Company and Owen May dated January 16, 2026

10.10 Director’s Agreement by and between the Company and Patricio Rabuffetti dated January 16, 2026

10.11 Form of Securities Purchase Agreement dated April 1, 2026

10.12 Advisory Agreement by and between the Company and Robert Franke dated April 22, 2026

10.13 Advisory Agreement by and between the Company and Ira Kurgan dated April 22, 2026

10.14 Advisory Agreement by and between the Company and Henry Smith dated April 21, 2026

14.1* Code
of Business Conduct and Ethics

21.1 List
of Subsidiaries of Registrant

23.1 Consent of Bush & Associates CPA LLC

23.2* Consent
of Lucosky Brookman LLP (included in Exhibit 5.1)

24.1 Power
of Attorney (included on the signature page hereto)

99.1* Audit
Committee Charter

99.2* Compensation
Committee Charter

99.3* Nominating
and Corporate Governance Committee Charter

99.4* Insider
Trading Policy

99.5* Related
Party Transactions Policy and Procedures

99.6* Clawback
Policy

99.7 Consent
of Adam Berk to be named as director nominee

99.8 Consent
of Chuyun Chen to be named as director nominee

99.10 Consent of Patricio Rabuffeti to be named as director nominee

99.11 Consent of Owen May to be named as director nominee

99.12 Consent of Ben Silverman to be named as director nominee

107 Filing Fee Table

be filed by amendment.

+	Indicates
a management contract or compensatory plan or arrangement.

(b)	Financial
statement schedules.

None.

Item
17. Undertakings

The
undersigned registrant hereby undertakes:

To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended.

reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end
of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set
forth in the “Calculation of Registration Fee” table in the effective registration statement.

(iii)	To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement.

That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.

To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.

The
undersigned registrant hereby undertakes that:

For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part
of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the Registrant pursuant to Rule
424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared
effective.

For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering thereof.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.

SIGNATURES

Pursuant
to the requirements of the Securities Act of 1933, we have duly caused this registration statement on Form S-1 to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 15th
day of May, 2026.

AMBITIOUS
ENTERTAINMENT, INC.

Kirk E. Shaw

Kirk
E. Shaw

Chief
Executive Officer

POWER
OF ATTORNEY