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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[__], offering expenses, and other general corporate purposes. We 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. See “Use of Proceeds”. Risk factors: An investment in our securities involves a high degree of risk. See “Risk Factors” beginning on page 15 of this prospectus and the other information included in this prospectus for a discussion of factors you should carefully consider before deciding to invest in shares of our common stock. Lock-up: We and our directors, officers and certain of our stockholders have agreed not to offer for sale, issue, sell, contract to sell, pledge or otherwise dispose of any shares of our common stock or securities convertible into or exercisable for shares of our common stock for a period of [●] days after the date of this prospectus. See “Underwriting”.

Representative’s
Warrants: We
have agreed to issue to the representative of the underwriters or its designees at the closing of this offering, warrants to purchase
the number of shares of our common stock equal to [●]% of the aggregate number of shares sold in this offering, including any
shares of our common stock sold pursuant to the underwriters’ over-allotment option (the “Representative’s Warrants”).
The Representative’s Warrants will be exercisable at any time and from time to time, in whole or in part, during the four-and-a-half-year
period commencing six months after the commencement of sales in this offering. The exercise price of the Representative’s Warrants
will equal [●]% of the initial public offering price per share, subject to adjustments. See “Underwriting”.

NYSE
Trading Symbol: We
intend to apply have the shares of our common stock offered hereby listed on the NYSE American under the symbol “___”.
No assurance can be given that our application will be approved. We will not proceed with this offering in the event shares of our
common stock are not approved for listing on the NYSE American.

(1)	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.

RISK
FACTORS

investment in shares of our common stock involves a high degree of risk. You should carefully consider the following risks and all other
information contained in this prospectus before deciding whether to invest in our common stock. If any of the following risks are realized,
our business, financial condition and results of operations could be materially and adversely affected. In that event, the trading price
of the shares of our common stock could decline, and you could lose all or part of your investment. Some statements in this prospectus,
including such statements in the following risk factors, constitute forward-looking statements. See the section entitled “Special
Note Regarding Forward-Looking Statements”.

Risks
Related to Our Company

Our
independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern, and we
may not be able to continue operations without additional financing.

Our
financial statements include an explanatory paragraph from our independent registered public accounting firm expressing substantial
doubt about our ability to continue as a going concern. We have incurred significant operating losses since inception and expect to
continue to incur losses for the foreseeable future. As of June 30, 2025, March 31, 2025, we had an accumulated deficit of
$13,601,180. We expect that our existing cash resources will not be sufficient to fund our operations for the next 12 months. We
will need to obtain additional financing to fund our operations and execute our business strategy. There is no assurance that such
financing will be available to us on favorable terms, or at all. If we are unable to obtain adequate financing or generate
sufficient revenue, we may be forced to significantly curtail or cease operations, which would materially and adversely affect our
business, financial condition, and results of operations and could cause investors to lose their entire investment.

Our
limited operating history makes it difficult to evaluate our business and prospects and may increase the risks associated with your investment.

commenced operations in September 2020 and consequently have a limited operating history upon which our business and future prospects
may be evaluated. Despite the experience and track record of our management team in the entertainment industry, historical results are
not indicative of, and may be substantially different than, the results we achieve in the future. We cannot assure you that we will be
able to operate our business successfully or implement our operating policies and strategies as described above. We have encountered
and will continue to encounter risks and challenges frequently experienced by growing companies in rapidly evolving industries.

cannot assure you that we will be successful in addressing these and other challenges we may face in the future. If we are unable to
do so, our business may suffer, our revenue and operating results may decline, and we may not be able to achieve further growth or sustain
profitability.

The
loss of key personnel or the inability of replacements to quickly and successfully perform in their new roles could adversely affect
our business.

depend on the leadership and experience of our relatively small number of key executive management personnel, particularly our Co-President
and Interim Chief Executive Officer, Kirk E. Shaw, Yvette Redick and Shaun Redick as well as our other highly skilled personnel. The
loss of the services of these key executives, executive management members or other highly skilled personnel could have a material adverse
effect on our business and prospects, as we may not be able to find suitable individuals to replace such personnel on a timely basis
or without incurring increased costs, or at all. Furthermore, if we lose or terminate the services of one or more of our key employees
or if one or more of our current or former executives or key employees joins a competitor or otherwise competes with us, it could impair
our business and our ability to successfully implement our business plan. Additionally, if we are unable to hire qualified replacements
for our executive and other key positions in a timely fashion, our ability to execute our business plan would be harmed. Even if we can
quickly hire qualified replacements, we would expect to experience operational disruptions and inefficiencies during any transition.
We believe that our future success will depend on our continued ability to attract and retain highly skilled and qualified personnel.
There is a high level of competition for experienced, successful personnel in our industry. Our inability to meet our executive staffing
requirements in the future could impair our growth and harm our business. We do not maintain “key person” insurance on any
of our officers or employees.

Our
management team has limited experience managing a public company.

The
members of our management team have limited or no experience managing a publicly traded company, interacting with public company investors,
and complying with the increasingly complex laws, rules and regulations that govern public companies. Our board of directors will contain
several members with strong public company experience. There are significant obligations we will be subject to as a public company relating
to reporting, procedures and internal controls, and our management team may not successfully or efficiently manage our transition to
being a public company. These new obligations and scrutiny will require significant attention from our management and could divert their
attention away from the day-to-day management of our business, which could adversely affect our business, financial condition and operating
results.

Our
IP content packaging business requires minimal investment of capital. However, failure to complete a sale into the market will have adverse
effects on the results of operation for the individual project’s development investment.

The
production, acquisition and distribution of film or digital media content require a significant amount of capital. Our business model
is based on developing and then selling a completed package including creative, Director, lead cast and writers/showrunners attached.
Although the production budgets for our sold IP projects will require up to $50 million to produce, these production funds come from
the streaming site or studio purchaser of our content, not from Ambitious.

may not be able to compete with larger agencies such as CAA or WME the majority of whom have greater resources than we currently have.