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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other requirements are met. Gain described in the first bullet point above generally will be subject to U.S. federal income tax on a net income basis at the rates applicable to U.S. persons. A non-U.S. Holder that is a corporation also may be subject to a branch profits tax at a rate of 30% (or such lower rate specified by an applicable income tax treaty) on such effectively connected gain, as adjusted for certain items. Gain described in the second bullet point above will be subject to U.S. federal income tax at a rate of 30% (or such lower rate specified by an applicable income tax treaty), which may be offset by U.S. source capital losses of the non-U.S. Holder (even though the individual is not considered a resident of the United States), provided the Non-U.S. Holder has timely filed U.S. federal income tax returns with respect to such losses.

Non-U.S.
Holders should consult their tax advisors regarding potentially applicable income tax treaties that may provide for different rules.

Information
Reporting and Backup Withholding

Information
returns are required to be filed with the IRS in connection with any dividends on our common stock paid to a non-U.S. holder regardless
of whether withholding is required. Copies of the information returns reporting such interest, dividends, and withholding may also be
made available to the tax authorities in the country in which a non-U.S. holder resides under the provisions of an applicable income
tax treaty. Payments of dividends on our common stock will not be subject to backup withholding, provided the applicable withholding
agent does not have actual knowledge or reason to know the beneficial owner is a United States person and the Non-U.S. Holder either
certifies its non-U.S. status, such as by furnishing a valid IRS Form W-8BEN, W-8BEN-E or W-8ECI, or other applicable documentation,
or otherwise establishes an exemption. Proceeds of the sale or other taxable disposition of our common stock within the United States
or conducted through certain U.S.-related brokers generally will not be subject to backup withholding or information reporting, if the
applicable withholding agent receives the certification described above and does not have actual knowledge or reason to know that such
beneficial owner is a United States person, or otherwise establishes an exemption. Proceeds of a disposition of our common stock conducted
through a non-U.S. office of a non-U.S. broker generally will not be subject to backup withholding or information reporting.

Backup
withholding is not an additional tax. Any amounts withheld under the backup withholding rules may be allowed as a refund or a credit
against a non-U.S. Holder’s U.S. federal income tax liability, provided the required information is timely furnished to the IRS.

Additional
Withholding Tax Under FATCA

Sections
1471 to 1474 of the Code (such sections commonly referred to as the Foreign Account Tax Compliance Act, or “FATCA”) and the
Treasury Regulations and administrative guidance thereunder impose a 30% withholding tax on certain types of payments made to a “foreign
financial institution” or a “non-financial foreign entity” (each as defined in the Code), including, in some cases,
when such foreign financial institution or non-financial foreign entity acts as an intermediary, unless (1) the foreign financial institution
has entered into an agreement with the U.S. government to withhold on certain payments and to undertake certain diligence and reporting
obligations regarding U.S. account holders (including certain account holders that are non-U.S. entities with U.S. owners), (2) the non-financial
foreign entity either certifies it does not have any “substantial United States owners” (as defined in the Code) or furnishes
identifying information regarding each substantial United States owner, or (3) the foreign financial institution or non-financial foreign
entity otherwise qualifies for an exemption from these rules. Foreign financial institutions located in jurisdictions that have an intergovernmental
agreement with the United States governing

FATCA
may be subject to different rules.

Under
the applicable Treasury Regulations and administrative guidance, withholding under FATCA generally applies to payments of dividends on
our common stock. Under proposed regulations, FATCA withholding on payments of gross proceeds from the sale or other disposition of stock
has been eliminated. These proposed regulations are subject to change.

Prospective
investors should consult their tax advisors regarding the potential application of withholding under FATCA to their investment in our
common stock.

UNDERWRITING

have entered into an underwriting agreement with _____ as representative of the several underwriters named therein (the “Representative”)
with respect to the shares of our common stock sold in this offering. Subject to the terms and conditions of the underwriting agreement,
we have agreed to sell to the underwriters, and each underwriter named below has severally agreed to purchase from us, the number of
shares of our common stock set forth opposite its name in the following table, at the initial public offering price less the underwriting
discounts and commissions set forth on the cover page of this prospectus.

Name Number
Shares

Total [●]

The
underwriters are offering the shares subject to their acceptance of shares from us and subject to prior sale. The underwriting agreement
provides that the obligations of the underwriters to pay for and accept delivery of the shares offered by this prospectus are subject
to the approval of certain legal matters by their counsel and to certain other conditions contained in the underwriting agreement, such
as the receipt by the underwriters of officer’s certificates and legal opinions. The underwriters are obligated to take and pay
for all of the shares offered by this prospectus if any such shares are taken. However, the underwriters are not required to take or
pay for shares covered by the underwriters’ over-allotment option described below. The underwriters reserve the right to withdraw,
cancel or modify offers to the public and to reject orders in whole or in part.

have agreed to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act and liabilities
arising from breaches of representations and warranties contained in the underwriting agreement, or to contribute to payments that the
underwriters may be required to make in respect of those liabilities.

Over-Allotment
Option

have granted the underwriters an over-allotment option, exercisable for up to [●] days from the date of this prospectus, to purchase
up to [●] additional shares of our common stock at the initial public offering price set forth on the cover page of this prospectus,
less underwriting discounts and commission, solely to cover any over-allotments, if any. The option may be exercised in whole or in part,
and may be exercised more than once, during the 45-day option period. To the extent that the option is exercised, each underwriter will
become obligated, subject to certain conditions, to purchase the same percentage of the additional shares as the number listed next to
the underwriter’s name in the preceding table bears to the total number of shares listed next to the names of all underwriters
in the preceding table. If this option is exercised in full, the total price to the public will be $[●], total underwriting discounts
and commissions will be $[●] (assuming all investors and the total net proceeds, before expenses, to us will be $[●].

Underwriting
Discounts, Commissions and Expenses

estimate that the total expenses of the offering payable by us, excluding underwriting discounts and commissions, will be approximately
$[●]. Under the underwriting agreement, we will pay fees and commissions to the underwriters equal to (i) [●]% per share,
the underwriting discount we have agreed to pay on investors in this offering introduced by the underwriters; and (ii) [●]% per
share, the underwriting discount we have agreed to pay on investors in this offering introduced by us. For purpose of the table below,
we assume all investors in this offering are introduced by the underwriters.

The
underwriters propose initially to offer the shares to the public at the public offering price set forth on the cover page of this prospectus
and to dealers at those prices less a concession not in excess of $[●] per share. If all of the shares offered by us are not sold
at the public offering price, the underwriters may change the offering price and other selling terms by means of a supplement to this
prospectus.

The
following table shows the per share price and total underwriting discounts and commissions to be paid to the underwriters. These amounts
are shown assuming both no exercise and full exercise of the underwriters’ over-allotment.

Per
Share Total
Without
Over-Allotment
Option Total
With Full
Over-Allotment
Option

Initial
public offering price $	[●] $	[●] $	[●]

Underwriting
discounts and commissions(1) $	[●] $	[●] $	[●]

Proceeds,
before expenses, to us $	[●] $	[●] $	[●]

(1)	Represents
an underwriting discount of [●]% of the gross proceeds of the offering, assuming all investors in this offering are introduced
by the underwriters.