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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going towards loan repayment until it is fully paid, or (ii) December 31, 2026. The First Shaw Note will bear interest at the rate of 10% per annum. During the year ended December 31, 2023, Mr. Shaw advanced the Company $56,594. During the year ended December 31, 2024, Mr. Shaw advanced the Company $147,570, and the Company made repayments of $52,572. During the year ended December 31, 2025, Mr. Shaw advanced the Company an additional $866,635, and the Company made repayments of $107,262. As of December 31, 2025, and December 31, 2024, the principal balance related to the First Shaw Note was $910,965 and $151,792, respectively. September 30, 2025, the Company and Mr. Shaw entered into an amendment to the First Shaw Note, pursuant to which the maximum aggregate principal amount available under the note was increased from $300,000 to $900,000. No other material terms of the note were modified.

December 2023, the Company issued a promissory note to Kirk Shaw (the “Second Shaw Note”). The Second Shaw Note has a principal
balance of $255,088. The Second Shaw Note will be repaid when the Company gets financing, with 25% of any financing going towards loan
repayment until it is fully paid, or (ii) by December 31, 2026. The Second Shaw Note will bear interest at the rate of 10% per
annum. During the year ended December 31, 2023, the Company made repayments of $30,073. As of December 31, 2025, and December 31, 2024,
the principal balance related to the Second Shaw Note was $225,015 and $225,015, respectively.

Transfers
of Subsidiary Interests

During
the three months ended March 31, 2024, the Company transferred its 100% ownership interests in AMFAD and CD, each a wholly owned subsidiary,
to Press Play Productions, LLC (“Press Play”), for total consideration of $20. At the time of the transfer, AMFAD and CD
collectively owned the film rights to All My Friends Are Dead and Cold Deck. Press Play is solely owned and controlled
by Christos Shaw, the son of Kirk Shaw.

Preferred
Stock – Series A

During
the year ended December 31, 2020, the Company issued 205,474 shares of Series A Preferred Stock, par value $0.0001 per share, for aggregate
cash consideration of $205,474.

During
the year ended December 31, 2021, the Company issued 31,867 shares of Series A Preferred Stock, par value $0.0001 per share, for aggregate
cash consideration of $31,867.

The
issuances were made in reliance upon the exemption from registration provided by Regulation S under the Securities Act of 1933, as amended.
The shares were issued as restricted securities, and no underwriting discounts or commissions were paid in connection with the issuances.

The
shares were issued to Roots Properties Inc., an entity controlled by the Chief Executive Officer and certain of his immediate family
members. These transactions were approved by the Company’s board of directors and constitute related party transactions.

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.

Related
Parties

The
related parties to the above transactions are:

●	Kirk
Shaw , Chief Executive Officer of Ambitious Entertainment.

●	Roots Properties Inc. , a company for which
Kirk Shaw, the Company’s Chief Executive Officer, serves as President.

●	Press
Play Productions, LLC , a limited liability company solely owned and controlled by Christos Shaw, Kirk Shaw’s son.

PRINCIPAL
STOCKHOLDERS

Security
Ownership of Management and Certain Beneficial Owners

The
following table sets forth the beneficial ownership of our common stock as of the date of this prospectus by:

●	each
stockholder known by us to beneficially own more than 5% of our outstanding common stock;

●	each
of our directors;

●	each
of our named executive officers; and

●	all
of our directors and executive officers as a group.

have determined beneficial ownership in accordance with the rules of the SEC. These rules generally provide that a person is the beneficial
owner of securities if such person has or shares the power to vote or direct the voting of securities, or to dispose or direct the disposition
of securities. A security holder is also deemed to be, as of any date, the beneficial owner of all securities that such security holder
has the right to acquire within 60 days after such date through (i) the exercise of any option or warrant, (ii) the conversion of a security,
(iii) the power to revoke a trust, discretionary account or similar arrangement or (iv) the automatic termination of a trust, discretionary
account or similar arrangement. Except as disclosed in the footnotes to this table and subject to applicable community property laws,
we believe that each person identified in the table has sole voting and investment power over all of the shares shown opposite such person’s
name.

Unless otherwise noted, the address of each shareholder
is Ambitious Entertainment, Inc., 744 Hastings Street West, Suite 207, Vancouver, British Columbia V6C 1A5, Canada.

The
percentage of beneficial ownership is based on 16,080,241 shares of our common stock outstanding as of the date of this prospectus.

Shares of Common Stock Beneficially
Owned Prior to the Offering Shares of Common Stock Beneficially
Owned After the Offering

Number of Number of

Name of Beneficial Owner Shares Percentage Shares Percentage

Executive Officers and Directors

Kirk E. Shaw(1)(2) 517,099 3.22	% 517,099 2.63	%

Chris Philip - - - -

Patricio Rabuffetti - - - -

Adam Berk 250,000 1.55	% 250,000 1.27	%

Lucy Chua - - - -

Owen May(3) 372,143 2.31	% 372,143 1.90	%

All directors and executive officers as a group (6 persons) 1,139,242 7.08	% 1,139,242 5.80	%

Greater than 5% Shareholders

OGGI Equity Srl.(4) 1,104,079 6.87	% 1,104,079 5.62	%

Larry St. Pierre(5) 1,999,000 12.43	% 1,999,000 10.18	%

Christos B. Shaw(6) 1,606,416 9.99	% 1,961,616 9.99	%

GPL Ventures, LLC(7) 1,606,416 9.99	% 1,961,616 9.99	%

Consists of (a) 250,000 shares of common stock, (b) 100,000 shares of common stock issuable upon the conversion of Series A preferred
stock held by Roots Properties Inc., (c) 21,645 shares of common stock issuable upon the exercise of Series B warrants held by Roots Properties Inc., (d) 21,645 shares of common stock issuable upon the exercise of Series C warrants held by Roots Properties Inc., (e)
100,000 shares of common stock issuable upon the exercise of the Bridge Financing warrants held by Roots Properties Inc., and (f) 23,809
shares of common stock issuable upon the conversion of debt held by Roots Properties Inc. Roots Properties Inc. is wholly owned by
Kirk E. Shaw. Kirk E. Shaw has voting or investment control over the shares held by Roots Properties Inc. The business address of Roots
Properties Inc. is 12 Water Street, Unit 604, Vancouver, BC V6B 1A5, Canada.

Does not include (a) 677,776 shares of common stock held by the reporting person’s adult daughter, Sophia B. Shaw, consisting of
(i) 300,000 shares of common stock, (ii) 188,888 shares of common stock issuable upon the conversion of Series A preferred stock, (iii)
178,888 shares of common stock issuable upon the exercise of Bridge Financing Warrants, (iv) 10,000 shares of common stock issuable upon
the exercise of Bridge Financing warrants, and (b) 326,000 shares of common stock held by the reporting person’s adult son, Lukas
B. Shaw, consisting of (i) 300,000 shares of common stock, (ii) 13,000 shares of common stock issuable upon the conversion of Series
A preferred stock, (iii) 3,000 shares of common stock issuable upon the exercise of Bridge Financing Warrants, (iv) 10,000 shares of
common stock issuable upon the exercise of Bridge Financing warrants. The reporting person disclaims beneficial ownership of such shares.