Ives Ultra AI Opportunities Inc. (IVAI) reported that YA II PN, Ltd., described as an investment adviser owner, acquired an option to purchase a membership interest in Al Ultra Holdings LLC. The option has an aggregate exercise price of $100,000, which the footnote states is $0.04 per underlying share. Upon exercise and admission as a member, YA II PN may demand distribution of its pro rata share of 2,500,000 IVAI common shares held by Holdings. The option is first exercisable on December 30, 2026.
Ives Ultra AI Opportunities Inc. is the issuer in a Schedule 13D by YA II PN, Ltd., YA Global Investments II (U.S.), LP, Yorkville Advisors Global, LP, Yorkville Advisors Global II, LLC, YAII GP, LP, YAII GP II, LLC, and Mark Angelo, Partner and President of Yorkville Advisors Global. YA II reports beneficial ownership of 2,500,000 shares; the other reporting persons may be deemed to own the same position, approximately 9.4% of the 26,500,000 shares outstanding as of October 1, 2026. The shares are distributable to YA II after exercise of its option.
Under a September 2, 2026 Option Agreement with Ultra AI Holdings LLC, which holds 5,000,000 issuer shares, YA II may pay $100,000 for newly issued membership interests that would give it 50% of the LLC; it may then demand distribution of 2,500,000 shares. The option becomes exercisable on December 30, 2026, and YA II intends to exercise and seek distribution on or immediately afterward. The reporting persons intend further discussions with the issuer’s board and management and may propose changes, including a sale of the issuer, depending on stated factors.
Ives Ultra AI Opportunities Inc. reports that Dan Ives, a member of the board of managers of its investment adviser, Ives Ultra Management LLC, held 0 shares of the Fund’s common stock directly as of September 29, 2026. Ives Ultra Management LLC serves as investment adviser to the Fund, and the common stock has a par value of $0.001 per share.
Ives Ultra AI Opportunities Inc. (IVAI) is the issuer named in a Form 3 listing YA II PN, Ltd. with 0 shares of common stock directly held. A footnote states that Mark Angelo, President of Yorkville Advisors Global II, LLC, makes all investment decisions for YA II PN and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
Ives Ultra AI Opportunities Inc. (IVAI) is the issuer for an ownership report by Ives Ultra Capital Management LLC, identified as an Investment Adviser. The common-stock holding entry dated September 29, 2026 lists 0 shares held directly following the entry. The remarks state that no securities are beneficially owned.
Ives Ultra AI Opportunities Inc. filed a post-effective amendment to replace certain exhibits in Item 25; the amendment becomes effective immediately upon filing. It does not modify any other part of the registration statement, and the prospectus and Statement of Additional Information filed on September 28, 2026 remain unmodified and are incorporated by reference. The company lists $491,620 in issuance and distribution expenses, all borne by the company, including $350,000 in legal fees and expenses and $27,620 for the SEC registration fee.
Ives Ultra AI Opportunities Inc. is offering 20,000,000 shares of common stock at $10.00 per share; the underwriters may buy up to 3,000,000 additional shares to cover over-allotments. The prospectus estimates $186 million in proceeds before offering expenses, after a $14 million sales load; offering expenses are estimated at approximately $729,129. The proposed NYSE listing under IVAI requires exchange approval before trading.
The company must successfully complete a tender offer within the first 12 months after its IPO. The offer size will equal the value of Trust Account assets, and shares will be repurchased at Redemption Value. Until completion, proceeds are held in the Trust Account and invested exclusively in money market funds; afterward, remaining proceeds are invested under the company’s strategy.
Under normal circumstances, the company intends to invest at least 80% of net assets, plus borrowings for investment purposes, in AI and AI-infrastructure companies, primarily private late-stage companies in the United States. Forward contracts and other synthetic equity agreements are excluded from the 80% test. The company has no operating history as a closed-end investment company and currently holds only cash and cash equivalents.
Ives Ultra AI Opportunities Inc. (IVAI) reports Chief Compliance Officer Alexander Woodcock’s direct common-stock position as 0 shares as of September 29, 2026.
Ives Ultra AI Opportunities Inc. (IVAI) reports an indirect holding of 2,500,000 common shares through Ultra AI Holdings, LLC. The footnote states that CEO, President and Secretary Edward Kevin James Leathers owns a 50% interest in the LLC.