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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of and assessing the independence of our registered public accounting firm; ● overseeing the work of our independent registered public accounting firm, including the receipt and consideration of reports from such firm; ● reviewing and discussing with management and the independent registered public accounting firm our annual and quarterly financial statements and related disclosures; ● monitoring our internal control over financial reporting, disclosure controls and procedures and code of business conduct and ethics; ● overseeing our internal audit function; ● overseeing our risk assessment and risk management policies; ● establishing policies regarding hiring employees from the independent registered public accounting firm and procedures for the receipt and retention of accounting related complaints and concerns; ● meeting independently with our internal auditing staff, independent registered public accounting firm and management; ● reviewing and approving or ratifying any related person transactions, and ● preparing the Audit Committee report required by SEC rules.

All
audit and non-audit services, other than de minimis non-audit services, to be provided to us by our independent registered public
accounting firm must be approved in advance by our Audit Committee.

Compensation
Committee

After
this offering, we expect the initial members of our Compensation Committee to be [_____]. [____] will chair the Compensation Committee.
The primary purpose of our Compensation Committee is to discharge the responsibilities of our board of directors in overseeing our compensation
policies, plans and programs and to review and determine the compensation to be paid to our executive officers, directors and other senior
management, as appropriate. Specific responsibilities of our Compensation Committee include, among other things:

●	reviewing
and recommending corporate goals and objectives relevant to the compensation of our chief executive officer and other executive officers;

●	making
recommendations to our board of directors with respect to, the compensation level of our executive officers;

●	reviewing
and recommending to our board of directors employment agreements and significant arrangements or transactions with executive officers;

●	reviewing
and recommending to our board of directors with respect to director compensation, and

●	overseeing
and administering our equity-based incentive plan or plans.

Each
member of our Compensation Committee is a non-employee director, as defined in Rule 16b-3 promulgated under the Exchange Act.
Each member of the committee will meet the requirements for independence under the listing standards of the NYSE American and SEC
rules and regulations. In arriving at these determinations, our board of directors will examine all factors relevant to determining
whether any compensation committee member has a relationship to us that is material to that member’s ability to be independent
from management in connection with carrying out such member’s duties as a compensation committee member.

Nominating
and Corporate Governance Committee

After
this offering, we expect the initial members of our Nominating and Corporate Governance Committee to be [_____]. [___] will chair
the Nominating and Corporate Governance Committee. This committee’s responsibilities include, among other things:

●	identifying
and evaluating candidates, including the nomination of incumbent directors for reelection and nominees recommended by stockholders,
to serve on our board of directors;

●	considering
and making recommendations to our board of directors regarding the composition and chairmanship of the committees of our board of
directors;

●	developing
and recommending to our board of directors’ corporate governance principles, codes of conduct and compliance mechanisms,
and

●	overseeing
periodic evaluations of the board of directors’ performance, including committees of the board of directors.

When
evaluating director candidates, the Nominating and Corporate Governance Committee may consider several factors, including relevant experience,
independence, commitment, compatibility with the Chief Executive Officer and the board of directors’ culture, prominence and understanding
of the Company’s business, as well as any other factors the Nominating and Corporate Governance Committee deems relevant at the
time. The Nominating and Corporate Governance Committee makes a recommendation to the full board of directors as to any person it believes
should be nominated by our board of directors, and our board of directors determines the nominees after considering the recommendation
and report of the Nominating and Corporate Governance Committee. Each member of the committee will meet the requirements for independence
under the listing standards of the NYSE American and SEC rules and regulations.

Risk
Oversight

Our
board of directors has responsibility for the oversight of the Company’s risk management processes and, either as a whole or through
its committees, regularly discusses with management our major risk exposures, their potential impact on our business and the steps we
take to manage them. The risk oversight process includes receiving regular reports from board committees and members of senior management
to enable our board to understand the company’s risk identification, risk management and risk mitigation strategies with respect
to areas of potential material risk, including operations, finance, legal, regulatory, strategic and reputational risk.

Compensation
Committee Interlocks and Insider Participation

member of our compensation committee will have been a current or former officer or employee. None of our executive officers served as
a director or a member of a compensation committee (or other committee serving an equivalent function) of any other entity, one of whose
executive officers served as a director or member of our compensation committee during the last completed fiscal year.

Code
of Business Conduct and Ethics

have adopted a written code of business conduct and ethics that applies to our directors, officers and employees, including our principal
executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.
A current copy of the code is posted on the Corporate Governance section of our website, www.ambitious.tv. In addition, we post on our
website all disclosures that are required by law or the listing standards of the NYSE American Market concerning any amendments to, or
waivers from, any provision of the code. The reference to our website address does not constitute incorporation by reference of the information
contained at or available through our website, and you should not consider it to be a part of this prospectus.

Clawback
Policy

Our
board of directors have adopted a clawback policy permitting the Company to seek the recoupment of incentive compensation received by
any of the Company’s current and former executive officers (as determined by the board in accordance with Section 10D of the Exchange
Act and the NYSE American rules) and such other senior executives/employees who may from time to time be deemed subject to the Clawback
Policy by the board.

Involvement
in Certain Legal Proceedings

the best of our knowledge, none of our directors or executive officers has, during the past 10 years, been involved in any legal proceedings
described in Item 401(f) of Regulation S-K that are material to an evaluation of the ability or integrity of any director,
person nominated to become a director or executive officer of the Company.

EXECUTIVE
OFFICER AND DIRECTOR COMPENSATION

Summary
Compensation Table

The
following table provides information regarding the compensation awarded to or earned during 2025 and 2024, as applicable,
by the named executive officers during the periods presented:

Name and Principal Position Fiscal Year Salary (1) Bonus Stock Awards Option and Warrant Awards Total

Kirk E. Shaw, Chief Executive Officer 2025 $	360,000 $	0 $	0 $	0 $	360,000

Chris Philip, Chief Operating Officer 2025 $	0 $	0 $	0 $	0 $	0

(1)	The
amount represents salary earned during fiscal year 2025 but not paid as of December 31, 2025.

Employment
Agreements

will be entering into employment agreements with our executives prior to the completion of the initial public offering.

Director
Compensation

We have entered into agreements with four
of our director nominees, effective upon the completion of the Offering.

Under these
agreements, each non-employee director will receive
compensation consisting of shares of the Company’s common stock, par value $0.001 per share, for their service as a director. Beginning
with the first full fiscal quarter following the offering, each director will be eligible to receive one-quarter of the total share award
per fiscal quarter, subject to continued service. The shares relating to the first fiscal quarter will vest on the six-month anniversary
of the offering date, and shares relating to subsequent fiscal quarters will vest in full upon grant. In the event of termination prior
to full vesting, compensation will be pro-rated based on days served.

Each
director’s initial term will be one year or until the next annual meeting of stockholders, unless earlier terminated. The agreements
may be terminated upon resignation or removal, or by the Company for cause, including felony conviction, willful misconduct, material
breach (uncured for 30 days), or other disqualifying events.

The
agreements include customary confidentiality provisions, which survive for one year following termination (and longer for trade secrets),
and require compliance with the Company’s Insider Trading Policy, Code of Business Conduct and Ethics, and Clawback Policy. Directors
may accept other positions with Board approval, provided there is no conflict of interest.