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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rights will be considered only once by the other stockholders. Thus, there is no authority to strip voting rights from the control shares of an acquiring person once those rights have been approved. If the stockholders do not grant voting rights to the control shares acquired by an acquiring person, those shares do not become permanent non-voting shares. The acquiring person is free to sell its shares to others. If the buyers of those shares themselves do not acquire a controlling interest, their shares do not become governed by the control share law. control shares are accorded full voting rights and the acquiring person has acquired control shares with a majority or more of the voting power, any stockholder of record, other than an acquiring person, who has not voted in favor of approval of voting rights, is entitled to demand fair value for the redemption of such stockholder’s shares.

addition to the control share law, Nevada has a business combination law, which prohibits certain business combinations between Nevada
corporations and “interested stockholders” for two years after the “interested stockholder” first becomes an
“interested stockholder”, unless the corporation’s board of directors approves the combination in advance or thereafter
by both the board of directors and 60% of the disinterested stockholders. For purposes of Nevada law, an “interested stockholder”
is any person who is (i) the beneficial owner, directly or indirectly, of 10% or more of the voting power of the outstanding voting shares
of the corporation, or (ii) an affiliate or associate of the corporation and at any time within the two previous years was the beneficial
owner, directly or indirectly, of 10% or more of the voting power of the then outstanding shares of the corporation. The definition of
the term “business combination” is sufficiently broad to cover virtually any kind of transaction that would allow a potential
acquiror to use the corporation’s assets to finance the acquisition or otherwise to benefit its own interests rather than the interests
of the corporation and its other stockholders. The effect of Nevada’s business combination law is to potentially discourage parties
interested in taking control of us from doing so if it cannot obtain the approval of our board of directors.

May 2025, Nevada adopted amendments to its corporate law that may further complicate unsolicited takeover attempts. These amendments
define a “controlling stockholder” as a person or group having voting power sufficient to elect a majority of the corporation’s
directors and impose a limited fiduciary duty on such stockholders not to exert undue influence over directors or officers that would
cause a breach of fiduciary duty and confer a material, non-ratable benefit to the controller. The amendments also provide a statutory
safe harbor whereby such conflict transactions are presumed valid if approved or recommended by a committee of disinterested directors.
This presumption may only be rebutted under limited circumstances. These statutory protections may enhance the influence of our board
of directors and significant stockholders and may deter potential acquirors who are unwilling or unable to comply with the procedural
requirements under Nevada law.

For
as long as we are an emerging growth company, we will not be required to comply with certain requirements that apply to other public
companies.

are an “emerging growth company” as defined in Section 2(a) of the Securities Act. For as long as we are an emerging growth
company, unlike other public companies, we will not be required to, among other things: (i) provide an auditor’s attestation report
on management’s assessment of the effectiveness of our system of internal control over financial reporting pursuant to Section
404(b) of the Sarbanes-Oxley Act, (ii) comply with any new requirements adopted by the Public Company Accounting Oversight Board requiring
mandatory audit firm rotation or a supplement to the auditor’s report in which the auditor would be required to provide additional
information about the audit and the financial statements of the issuer, (iii) provide certain disclosures regarding executive compensation
required of larger public companies, or (iv) hold nonbinding advisory votes on executive compensation and any golden parachute payments
not previously approved. In addition, an emerging growth company can take advantage of the extended transition period provided in Section
7(a)(2)(B) of the Securities Act for adopting new or revised financial accounting standards. We intend to take advantage of the longer
phase-in periods for the adoption of new or revised financial accounting standards until we are no longer an emerging growth company.
If we were to subsequently elect instead to comply with these public company effective dates, such election would be irrevocable.

will remain an emerging growth company for up to five full fiscal years, although we will lose that status sooner if we have more than
$1.235 billion of revenues in a fiscal year, have more than $700 million in market value of our common stock held by non-affiliates (and
have been a public company for at least 12 months and have filed one annual report on Form 10-K with the SEC), or issue more than $1.0
billion of non-convertible debt over a three-year period.

the extent that we rely on any of the exemptions available to emerging growth companies, you will receive less information about our
executive compensation and internal control over financial reporting than issuers that are not emerging growth companies. We cannot predict
if investors will find our common stock less attractive because we will rely on these exemptions. If some investors find our common stock
to be less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile.

are a “smaller reporting company” and, even if we no longer qualify as an emerging growth company, we may still be subject
to reduced reporting requirements.

Additionally,
we are a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take
advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements.
We will remain a smaller reporting company until the last day of any fiscal year for so long as either: (i) the market value of our shares
of common stock held by non-affiliates does not equal or exceed $250 million as of the prior June 30th; or (ii) our annual revenues did
not equal or exceed $100 million during such completed fiscal year. To the extent we take advantage of such reduced disclosure obligations,
it may also make the comparison of our financial statements with other public companies difficult or impossible.

Sales
of a substantial number of shares of our common stock following this offering may adversely affect the market price of our common stock
and the issuance of additional shares will dilute all other stockholders.

Sales
of a substantial number of shares of our common stock in the public market or otherwise following this offering, or the perception that
such sales could occur, could adversely affect the market price of our common stock. After completion of this offering at an assumed
offering price of $4.50 per share, the midpoint of the estimated initial public offering price range set forth
on the cover of this prospectus, our existing stockholders will own approximately [●]% of our common stock, assuming
there is no exercise of the underwriters’ over-allotment option.

After
completion of this offering at an assumed offering price of $4.50 per share, the midpoint of the estimated initial public
offering price range set forth on the cover of this prospectus, there will be 19,268,456 shares of our common stock outstanding.
In addition, our certificate of incorporation, as amended, permits the issuance of up to approximately additional shares of common stock
after the completion of this offering. Thus, we have the ability to issue substantial amounts of common stock in the future, which would
dilute the percentage ownership held by the investors who purchase shares of our common stock in this offering.

and our officers, directors and certain stockholders have agreed, subject to customary exceptions, not to, without the prior written
consent of the underwriters, during the period ending 180 days from the date of this offering, directly or indirectly, offer to
sell, sell, pledge or otherwise transfer or dispose of any of shares of our common stock, enter into any swap or other derivatives transaction
that transfers to another 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 shares of common stock or any other our securities
or publicly disclose the intention to do any of the foregoing.

There
can be no assurance that we enter into anticipated agreements with actors, directors, or other creative talent, following completion
of this offering.