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

Chunk 42 of 63
Word Count: 1485
Character Count: 9437

Document Content:

by any person at any time in the future of) our common stock, enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic benefits or risks of ownership of shares of our common stock, make any demand for or exercise any right or cause to be filed a registration statement, including any amendments thereto, with respect to the registration of any shares of common stock or securities convertible into or exercisable or exchangeable for common stock or any other securities of the Company or publicly disclose the intention to do any of the foregoing, subject to customary exceptions, for a period of 180 days from the date of this prospectus, in the case of our directors and officers, [●] days from the date of this prospectus, in the case of certain of our principal stockholders. Sales of Similar Securities

have agreed with the underwriters that we will not, without the prior written consent of the representative, for a period of [●]
days after the date of this prospectus: (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or
indirectly, any classes of our stocks or any securities convertible into or exercisable or exchangeable for classes of our stocks, (ii)
file or caused to be filed any registration statement with the SEC, relating to the offering of any classes of our stocks or any securities
convertible into or exercisable or exchangeable for any classes of our stocks, (iii) complete any offering of debt securities, other
than entering into a line of credit with a traditional bank, or (iv) enter into any swap or other arrangement that transfers to another,
in whole or in part, any of the economic consequences of ownership of any classes of our stocks, whether any such transaction described
in clause (i), (ii), (iii) or (iv) above is to be settled by delivery of any classes of our stocks or such other securities, in cash
or otherwise.

Electronic
Offer, Sale and Distribution of Shares

prospectus in electronic format may be made available on the websites maintained by one or more underwriters or selling group members,
if any, participating in the offering. The underwriters may agree to allocate a number of shares of securities to underwriters and selling
group members for sale to their online brokerage account holders. Internet distributions will be allocated by the Representative to underwriters
and selling group members that may make internet distributions on the same basis as other allocations. Other than the prospectus in electronic
format, the information on the underwriters’ websites and any information contained in any other website maintained by the underwriters
is not part of this prospectus or the registration statement of which this prospectus forms a part.

Listing

intend to apply to have shares of our common stock listed on the NYSE American under the symbol “____”. No assurance can
be given that such application will be approved. If the application is not approved, we will not proceed with this offering.

Determination
of the Initial Public Offering Price

The
public offering price will be determined by discussions between us and the Representative. In addition to prevailing market conditions,
the factors to be considered in these discussions will include:

assessment of our management and the underwriters as to the price at which investors might be willing to participate in this offering;

●	the
history of, and prospects for, our company and the industry in which we compete;

●	our
past and present financial information;

●	our
past and present operations, and the prospects for, and timing of, our future revenues;

●	the
present state of our development; and

●	the
above factors in relation to market values and various valuation measures of other companies engaged in activities similar to ours.

active trading market for the shares may not develop. It is also possible that after the offering the shares will not trade in the public
market at or above the public offering price.

Stabilization

connection with this offering, the underwriters may engage in stabilizing transactions, over-allotment transactions, syndicate-covering
transactions, penalty bids and purchases to cover positions created by short sales.

●	Stabilizing
transactions permit bids to purchase securities so long as the stabilizing bids do not exceed a specified maximum, and are engaged
in for the purpose of preventing or retarding a decline in the market price of the securities while the offering is in progress.

●	Over-allotment
transactions involve sales by the underwriters of securities in excess of the number of securities that underwriters are obligated
to purchase. This creates a syndicate short position which may be either a covered short position or a naked short position. In a
covered short position, the number of securities over-allotted by the underwriters is not greater than the number of securities that
they may purchase in the over-allotment option. In a naked short position, the number of securities involved is greater than the
number of securities in the over-allotment option. The underwriters may close out any short position by exercising their over-allotment
option and/or purchasing securities in the open market.

●	Syndicate
covering transactions involve purchases of securities in the open market after the distribution has been completed in order to cover
syndicate short positions. In determining the source of securities to close out the short position, the underwriters will consider,
among other things, the price of securities available for purchase in the open market as compared with the price at which they may
purchase securities through exercise of the over-allotment option. If the underwriters sell more securities than could be covered
by exercise of the over-allotment option and, therefore, have a naked short position, the position can be closed out only by buying
securities in the open market. A naked short position is more likely to be created if the underwriters are concerned that after pricing
there could be downward pressure on the price of the securities in the open market that could adversely affect investors who purchase
in the offering.

●	Penalty
bids permit the underwriters to reclaim a selling concession from a syndicate member when the securities originally sold by that
syndicate member are purchased in stabilizing or syndicate covering transactions to cover syndicate short positions.

These
stabilizing transactions, syndicate covering transactions and penalty bids may have the effect of raising or maintaining the market price
of our securities or preventing or retarding a decline in the market price of our securities. As a result, the price of our securities
in the open market may be higher than it would otherwise be in the absence of these transactions. Neither we nor the underwriters make
any representation or prediction as to the effect that the transactions described above may have on the price of our securities. These
transactions may be effected on the NYSE American, in the over-the-counter market or otherwise and, if commenced, may be discontinued
at any time.

Passive
Market Making

connection with this offering, the underwriters and selling group members may also engage in passive market making transactions in shares
of our common stock on the NYSE American in accordance with Regulation M under the Exchange Act., during a period before the commencement
of offers or sales of the shares and extending through the completion of the distribution. A passive market maker must display its bid
at a price not in excess of the highest independent bid of that security. However, if all independent bids are lowered below the passive
market maker’s bid, then that bid must then be lowered when specified purchase limits are exceeded.

Other
Relationships

The
underwriters and certain of their affiliates are full service financial institutions engaged in various activities, which may include
securities trading, commercial and investment banking, financial advisory, investment management, investment research, principal investment,
hedging, financing, and brokerage activities. Some of the underwriters and certain of their affiliates may in the future engage in investment
banking and other commercial dealings in the ordinary course of business with us and our affiliates, for which they may in the future
receive customary fees, commissions, and expenses. In addition, in the ordinary course of their business activities, the underwriters
and their affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative
securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers. Such investments
and securities activities may involve securities and/or instruments of ours or our affiliates. The underwriters and their affiliates
may also make investment recommendations and/or publish or express independent research views in respect of such securities or financial
instruments and may hold, or recommend to clients that they acquire, long and/or short positions in such securities and instruments.

SELLING
RESTRICTIONS