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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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 June 30, 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

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 $	1519 $

Total indebtedness 2,760,660

Stockholders’ Equity:

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

237,340 shares issued and outstanding on an actual basis and [No] shares issued and outstanding
on a pro forma basis as of June 30, 2025, respectively 24

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

8,437,500 shares issued and outstanding on an actual basisand [●] shares issued
and outstanding on a pro forma basis as of June 30, 2025, respectively 844

Additional paid-in capital 2,639,832

Accumulated deficit (13,601,180	)

Total Stockholders’ Equity $	(10,960,480	) $	-

Total Capitalization $	(8,199,819	) $	-

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 June 30, 2025 was $(10,960,480) or $(1.30) 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 June 30, 2025.

Our
pro forma net tangible book value (deficit) as of June 30, 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 by us.

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 June 30, 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 June 30, 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 June 30, 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 June 30, 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 June 30, 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.

the extent that new options or other securities are issued under our equity incentive plan, or we issue additional shares of common stock
or preferred stock in the future, there will be further dilution to investors participating in this offering. In addition, we may choose
to raise additional capital because of market conditions or strategic considerations, even if we believe that we have sufficient funds
for our current or future operating plans. If we raise additional capital through the sale of equity or convertible debt securities,
the issuance of these securities could result in further dilution to our stockholders.

MANAGEMENT’S
DISCUSSION AND ANALYSIS

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This
Interim Report on Form 10-Q contains, contains forward-looking statements regarding our business, financial condition, results of operations
and prospects. The Securities and Exchange Commission (the “SEC”) encourages companies to disclose forward-looking information
so that investors can better understand a company’s future prospects and make informed investment decisions. This Interim Report
on Form 10-Q and other written and oral statements that we make from time to time contain such forward-looking statements that set out
anticipated results based on management’s plans and assumptions regarding future events or performance. We have tried, wherever
possible, to identify such statements by using words such as “anticipate,” “estimate,” “expect,”
“project,” “intend,” “plan,” “believe,” “will” and similar expressions in
connection with any discussion of future operating or financial performance. In particular, these include statements relating to future
actions, future performance or results of current and anticipated sales efforts, expenses, the outcome of contingencies, such as legal
proceedings, and financial results.