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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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.

Assuming
the maximum amount of shares of common stock are sold by us, we expect that the net proceeds, together with our existing cash and cash
equivalents will enable us to fund our operating expenses and capital expenditure requirements for at least [●] months. In addition,
we have granted the representative of the underwriters a [●]-day option to purchase up to additional shares of common stock solely
to cover over-allotments of shares in this offering. We will use the proceeds from the sale of these additional shares for working capital
and general corporate purposes.

The
expected use of net proceeds represents our intentions based upon our current plans and business conditions, which could change in the
future as our plans and business conditions evolve and change. The amounts and timing of our actual expenditures, specifically with respect
to working capital, may vary significantly depending on numerous factors. As a result, our management will retain broad discretion over
the allocation of such net proceeds.

addition, we plan to invest these proceeds in short term investments until needed for the uses described above.

The
dedicated development funds invested by the company are recoupable with a 50% return at the time a project is developed and successfully
greenlit for production by a streaming site or studio. The fund is designed to reinvest these funds as received on an expected cash flow
timeline of up to 18 months per investment. The dedicated development funds over the 18 months cycle are designed to continue to be reinvested
in new IP development starting a new 18-month cycle utilizing the same funds.

DIVIDEND
POLICY

have not historically declared dividends on our common stock, and we do not currently intend to pay dividends on our common stock. The
declaration, amount and payment of any future dividends on shares of our common stock, if any, will be at the sole discretion of our
board of directors, out of funds legally available for dividends. We anticipate that we will retain our earnings, if any, for the growth
and development of our business.

CAPITALIZATION

The
following table sets forth our cash and cash equivalents and our capitalization as of March 31, 2025 as follows:

an actual basis, and

a pro forma basis after giving effect to the sale and issuance of shares of common stock
pursuant to this public offering at an initial public offering price of $[●] per share,
the mid-point of the estimated initial public offering price range set forth on the cover
page of this prospectus, after deducting the underwriting discounts and commissions and estimated
offering expenses payable by us.

You
should read the following table in conjunction with “Use of Proceeds”, “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” and our financial statements and related notes included elsewhere in this prospectus.

Actual Pro Forma

Cash $

Total indebtedness

Stockholders’ Equity:

Preferred stock, $0.0001 par value; 1,000,000 shares authorized;

[No] shares issued and outstanding
on an actual and pro forma basis -

Common stock, $0.001 par value; 150,000,000 shares authorized;

[●] shares issued and
outstanding on an actual basis and shares issued and outstanding on a pro forma basis

Additional paid-in capital

Accumulated deficit

Total Stockholders’ Equity $ $	-

Total Capitalization $ $	-

DILUTION

you invest in our common stock, your interest will be diluted to the extent of the difference between the public offering price per share
paid by purchasers of shares in this offering and the pro forma as adjusted net tangible book value per share of our common stock immediately
after the completion of this offering.

Our
historical net tangible book value (deficit) as of March 31, 2025 was $[●] or $[●] per share of common stock. Our historical
net tangible book value (deficit) per share represents our total tangible assets less our total liabilities, divided by the shares of
common stock outstanding as of March 31, 2025.

Our
pro forma net tangible book value (deficit) as of March 31, 2025 was $[●] or $[●] per share of common stock. Our pro forma
net tangible book value (deficit) represents pro forma total tangible assets less pro forma total liabilities and pro forma net tangible
book value (deficit) per share represents pro forma net tangible book value divided by the total number of shares outstanding as of ______,
2025, each after giving effect to the sale and issuance of [●] shares of common stock, pursuant to this public offering at a public
offering price of $[●] per share of common stock, which is the mid-point of the estimated offering price range described on the
cover of this prospectus, after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable

Our
pro forma as adjusted net tangible book value (deficit) represents our pro forma net tangible book value (deficit). Our pro forma as
adjusted net tangible book value as of March 31, 2025 would have been $[●] or $[●] per share of common stock. This amount
represents an immediate increase in historical net tangible book value of $[●] per share to existing stockholders and an immediate
dilution of $[●] per share to new investors purchasing shares in this offering.

The
following table illustrates this dilution on a per share basis to new investors:

Assumed public offering price per share $	[●]

Historical net tangible book value per share as of March 31, 2025 $	[●]

Increase in pro forma net tangible book value (deficit) per share attributed to new investors purchasing shares from us in this offering $	[●]

Pro forma net tangible book value (deficit) per share as of March 31, 2025 after giving effect to this offering $	[●]

Increase in pro forma as adjusted net tangible book value (deficit) per share $	[●]

Pro forma as adjusted net tangible book value (deficit) per share as of March 31, 2025 $	[●]

Dilution per share to new investors in this offering $	[●]

The
dilution information discussed above is illustrative only and will change based on the actual public offering price and other terms of
this offering to be determined at pricing. A $1.00 increase (decrease) in the assumed public offering price of $[●] per share would
increase (decrease) the pro forma net tangible book value per share by approximately $[●], assuming the number of shares of common
stock offered by us, as set forth on the cover page of this prospectus, remains the same, after deducting the estimated underwriting
discounts and commissions.

The
following table summarizes as of March 31, 2025, on the pro forma as adjusted basis described above, the number of shares of our common
stock, the total consideration and the average price per share (i) paid to us by our existing stockholders, and (ii) to be paid by investors
purchasing shares of our common stock in this offering at an assumed public offering price of $[●] per share, before deducting
underwriting discounts and commissions and estimated offering expenses payable by us:

Shares Purchased Total Consideration Weighted- Average Price

Number Percent Amount Percent Per Share

Existing stockholders % $ % $

New investors

Total 100.0	% $ 100.0	% $

The
number of shares that will be outstanding after this offering is based on [●] shares of common stock outstanding as of _________,
2025, but excludes:

shares of our common stock reserved for future issuance under our equity compensation plans;

shares of our common stock issuable upon the exercise of options outstanding as of _____,
2025 with a weighted average exercise price of $[●] per share; and

shares of our common stock issuable upon the conversion of convertible notes outstanding
as of _________, 2025 with a weighted average conversion price of $[●] per share.

shares of our common stock issuance upon exercise by the underwriters of the over-allotment
option.

exercise of any Representative’s Warrants.