SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: DRS
Document Type: DRS
Date Filed: 2025-07-17
Accession Number: 0001493152-25-011282
Exchange: 
SIC Code: 7812
SIC Description: Services-Motion Picture & Video Tape Production
URL: https://www.sec.gov/Archives/edgar/data/1900851/000149315225011282/filename1.htm

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hereby to any accounts over which they have discretionary authority. Representative’s Warrants have agreed to issue to the Representative or its designees at the closing of this offering warrants to purchase the number of common stock equal to [●]% of the aggregate number of shares sold in this offering. The 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 from the commencement of sales in this offering. The warrants will be exercisable at a per share price equal to [●]% of the initial public offering price per share in the offering. The warrants provide for registration rights (including a one-time demand registration right at our expense and piggyback registration rights that, in each case, expire 5 years from the commencement of sales of this offering) and customary anti-dilution provisions as permitted under FINRA Rule 5110(g)(8).

The
warrants are deemed underwriting compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(e)(1) of
FINRA. The Representative (or permitted assignees under Rule 5110(e)(2)(B)) will not sell, transfer, assign, pledge, or hypothecate these
warrants or the securities underlying these warrants, nor will they engage in any hedging, short sale, derivative, put, or call transaction
that would result in the effective economic disposition of the warrants or the underlying securities for a period of 180 days from the
date of this prospectus. The warrants and shares of common stock issuable upon exercise of the warrants are being registered as a part
of the registration statement of which this prospectus forms a part.

The
exercise price and number of shares of common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including
in the event of a stock dividend, extraordinary cash dividend or recapitalization, reorganization, merger or consolidation.

Right
of First Refusal

Until
the date that is _________ ([●]) months after the closing date of this offering, if we or any of our subsidiaries decide (a) to
finance or refinance any indebtedness using a manager or agent or (b) decides to raise funds by means of a public offering (including
through an at-the-market facility) or a private placement or any other capital-raising financing of equity, equity-linked or debt securities
using an underwriter or placement agent, the Representative shall have the right of first refusal, unless we terminate the underwriting
agreement for cause, which includes the Representative’s material failure to provide the underwriting services contemplated in
the underwriting agreement, to act as sole book-runner, sole manager, sole placement agent or sole agent at the Representative’s
sole discretion, on terms customary to the Representative. The Representative will have the sole right to determine whether any other
broker dealer will have the right to participate in such offering and the economic terms of such participation.

Tail
Fee

have granted the Representative the right, unless we terminate the underwriting agreement for cause, which includes the Representative’s
material failure to provide the underwriting services contemplated in the underwriting agreement, for a period of ________ ([●])
months after the termination or expiration of the Representative’s engagement with us, to receive a cash fee equal to _____ percent
([●]%) of the gross proceeds received by us with respect to any public or private offering or other financing or capital-raising
transaction of any kind (“Tail Financing”) to the extent that such financing or capital is provided to us by any investor
actually introduced by the Representative to the Company in connection with Tail Financing, provided that such transaction is by a party
actually introduced to us in an offering in which we have direct knowledge of such party’s participation

Lock-Up
Agreements

Pursuant
to “lock-up” agreements, our executive officers and directors, and certain of our stockholders, have agreed, without the
prior written consent of the Representative not to directly or indirectly, offer to sell, sell, pledge or otherwise transfer or dispose
of any of shares of (or enter into any transaction or device that is designed to, or could be expected to, result in the transfer or
disposition 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.