YA II PN, Ltd. filed a Form 4 with the SEC on November 3, 2026, disclosing a derivative security position in Ives Ultra AI Opportunities Inc. (IVAI), with the earliest reported transaction dated October 31, 2026.

Key Highlights

  • Reporting person: YA II PN, Ltd., identified in the filing as an "investment adviser owner - 10%" of Ives Ultra AI Opportunities Inc.
  • Derivative security: An Investment Option (right to buy) covering 2,500,000 shares of common stock, with a per-share exercise price of $0.04 and an aggregate exercise price of $100,000.
  • Underlying structure: The option is a right to purchase a membership interest in Al Ultra Holdings LLC, which holds shares of the issuer; upon exercise, the reporting person may demand distribution of its pro rata share of 2,500,000 shares of common stock.
  • First exercisable date: December 30, 2026, according to the filing.
  • Expiration: The filing states the option has no stated expiration date.
  • Beneficial ownership following transaction: 2,500,000 derivative securities beneficially owned, held directly.
  • Transaction code: J, with a transaction date of September 2, 2026 and a deemed execution date of October 31, 2026.

YA II PN, Ltd. Discloses Option Structure Linked to Al Ultra Holdings LLC

According to the Form 4 filed on November 3, 2026, YA II PN, Ltd., based in Mountainside, New Jersey, reported a derivative securities position in Ives Ultra AI Opportunities Inc., listed as IVAI. The filing identifies YA II PN, Ltd. as an "investment adviser owner - 10%" of the issuer, and the form was signed by Troy Rillo, Manager, on November 3, 2026.

The disclosed derivative is described as an Investment Option (right to buy) with a per-share conversion or exercise price of $0.04 and an aggregate exercise price of $100,000. The filing explains that "the reporting person holds an option to purchase a membership interest in Al Ultra Holdings LLC ('Holdings') for an aggregate exercise price of $100,000." Upon exercise and admission as a member, the reporting person "may demand distribution of its pro rata Share of common stock of the Issuer held by Holdings, or 2,500,000 Shares." The option is reported as first exercisable on December 30, 2026, and carries no stated expiration date.

The transaction was recorded under code J, with a transaction date of September 2, 2026 and a deemed execution date of October 31, 2026. Following the reported transaction, the filing states that YA II PN, Ltd. beneficially owns 2,500,000 derivative securities, held directly. No non-derivative securities are reported in Table I of the filing.

What Was Disclosed

YA II PN, Ltd. disclosed beneficial ownership of an investment option covering 2,500,000 shares of Ives Ultra AI Opportunities Inc. common stock, exercisable through a membership interest in Al Ultra Holdings LLC, first exercisable December 30, 2026, with no stated expiration.