MMCAP and MM Asset report 1.7M shares of Interprivate (IPVVU) stake

Rhea-AI Filing Summary

Interprivate Investment Partners V, Inc. Schedule 13G shows MMCAP International Inc. SPC and MM Asset Management Inc. jointly report beneficial ownership of 1,700,000 Class A Ordinary Shares, representing 7.0% on a partially-diluted basis using 22,415,000 shares outstanding as of June 5, 2026 per the issuer's prospectus filed June 4, 2026.

The filing lists shared voting and dispositive power over the 1,700,000 shares and includes a signed joint filing agreement executed on June 9, 2026.

Insights

Institutional Ownership Analyst

Institutional holders report a 7.0% partially‑diluted stake in IPPVV.

The filing states 1,700,000 shares are beneficially owned, with shared voting and dispositive power, calculated against 22,415,000 shares outstanding as of June 5, 2026. This provides a clear snapshot of ownership concentration.

Future disclosures in company filings may show transactions that change this stake; the joint filing agreement is signed June 9, 2026, indicating coordinated reporting by the two entities.

Corporate Governance Specialist

Shared control indicates coordinated influence but not sole voting authority.

The report specifies shared voting power and shared dispositive power over the reported shares rather than sole authority, which is relevant for board and shareholder dynamics.

Check subsequent filings for any changes in voting disposition or additional disclosures tied to the prospectus reference dated June 4, 2026.

Key Figures

Beneficial ownership: 1,700,000 shares Percent of class: 7.0% Shares outstanding (basis): 22,415,000 shares

3 metrics

Beneficial ownership 1,700,000 shares Class A Ordinary Shares reported on Schedule 13G

Percent of class 7.0% Partially‑diluted basis using 22,415,000 shares outstanding as of June 5, 2026

Shares outstanding (basis) 22,415,000 shares Outstanding as of June 5, 2026 per issuer prospectus filed June 4, 2026

Key Terms

partially-diluted basis, shared voting power, joint filing agreement

3 terms

partially-diluted basis financial

"Percent of class calculated on a partially-diluted basis using 22,415,000"

A partially-diluted basis is a way of counting a company’s shares that includes currently outstanding shares plus certain likely additional shares from things like vested options, warrants, and convertible securities, but excludes more speculative or unissued items. For investors it gives a more realistic view of ownership stakes and per-share figures — like earnings per share — by showing dilution that is probable today, much as counting people with purchased tickets (but not those who might buy later) gives a clearer sense of how full a theater really is.

shared voting power regulatory

"Shared Voting Power 1,700,000.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

joint filing agreement regulatory

"Exhibit 99.1 Joint Filing Agreement"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 06/10/2026 - 06:08 PM Accepted by SEC EDGAR 06/09/2026 - 03:12 PM Learn about SEC filing dates

FAQ

What stake does MMCAP International Inc. SPC report in IPVVU?

They report beneficial ownership of 1,700,000 Class A Ordinary Shares. The filing states this equals 7.0% on a partially‑diluted basis using 22,415,000 shares outstanding as of June 5, 2026.

How is the 7.0% ownership percentage calculated for IPVVU?

The percentage is calculated on a partially‑diluted basis using 22,415,000 Class A Ordinary Shares outstanding as of June 5, 2026, per the issuer's prospectus filed June 4, 2026.

Who has voting and dispositive power over the reported shares?

The filing lists shared voting power and shared dispositive power of 1,700,000 shares between MMCAP International Inc. SPC and MM Asset Management Inc.

When was the joint filing agreement signed for this Schedule 13G?

The Schedule 13G includes a signed Joint Filing Agreement (Exhibit 99.1), executed by representatives on June 9, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Interprivate Investment Partners V, Inc.

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

G49097101

(CUSIP Number)

06/05/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G49097101

1

Names of Reporting Persons

MMCAP International Inc. SPC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,700,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,700,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,700,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Percent of class calculated on a partially-diluted basis using 22,415,000 Class A Ordinary Shares, par value $0.0001, outstanding as of June 5, 2026, as reported on the Issuer's Prospectus filed with the Securities and Exchange Commission on June 4, 2026.

SCHEDULE 13G

CUSIP Number(s): G49097101

1

Names of Reporting Persons

MM Asset Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,700,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,700,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,700,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Percent of class calculated on a partially-diluted basis using 22,415,000 Class A Ordinary Shares, par value $0.0001, outstanding as of June 5, 2026, as reported on the Issuer's Prospectus filed with the Securities and Exchange Commission on June 4, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Interprivate Investment Partners V, Inc.
(b)	Address of issuer's principal executive offices: 1350 Avenue of the Americas, 2nd Floor, New York, NY 10019
Item 2.
(a)	Name of person filing: i) MMCAP International Inc. SPC ii) MM Asset Management Inc.
(b)	Address or principal business office or, if none, residence: i) c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P. O. Box 1348, Grand Cayman KY1-1108, Cayman Islands ii) 161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, Ontario M5J 2S1 Canada
(c)	Citizenship: i) Cayman Islands ii) Ontario, Canada
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP Number(s): G49097101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,700,000
(b)	Percent of class: 7.0% Percent of class calculated on a partially-diluted basis using 22,415,000 Class A Ordinary Shares, par value $0.0001, outstanding as of June 5, 2026, as reported on the Issuer's Prospectus filed with the Securities and Exchange Commission on June 4, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,700,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,700,000
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MMCAP International Inc. SPC

Signature:	Ulla Vestergaard
Name/Title:	Director
Date:	06/09/2026

MM Asset Management Inc.

Signature:	Hillel Meltz
Name/Title:	President
Date:	06/09/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement