Ives Ultra AI Opportunities Inc.

Ives Ultra AI Opportunities Inc. (ticker: IVAI) is a newly formed, non-diversified, closed-end management investment company with no operating history. The fund intends to invest primarily in equity and equity-related securities of private late-stage AI companies in the United States. It plans to invest at least 80% of its net assets, plus borrowings for investment purposes, in companies whose primary business is AI or AI infrastructure. The investment strategy may include common and preferred stock, warrants, convertible securities, private funds, and special-purpose vehicles, and the fund may also use synthetic equity arrangements. Ives Ultra AI Opportunities Inc. is advised by Ives Ultra Capital Management LLC. Dan Ives, former Wedbush global head of technology research, serves on the adviser's board of managers. The fund aims to raise $200 million in an initial public offering. A notable feature of the fund is a provision allowing investors to tender their shares at 100% of net asset value within the first year following the IPO, designed to address the common issue of closed-end funds trading at discounts to their net asset value. The shares are expected to begin trading on the New York Stock Exchange under the symbol IVAI. Sources: [1] https://www.stocktitan.net/sec-filings/IVAI/n-2-a-ives-ultra-ai-opportunities-inc-sec-filing-ea663e55b0db.html [2] https://www.stocktitan.net/sec-filings/IVAI/n-2-a-ives-ultra-ai-opportunities-inc-sec-filing-1e179cc0dfae.html [3] https://www.investing.com/news/stock-market-news/dan-ives-launches-closedend-fund-targeting-private-ai-companies-93CH-4913765 [4] https://news.trustfinance.com/news/en-US/dan-ives-to-launch-200-million-closed-end-fund-targeting-private-ai-companies [5] https://www.tokenpost.com/news/business/23476 [6] https://hedgeco.net/news/09/2026/ives-ultra-ai-opportunities-sought-a-nyse-listing-to-offer-public-access-to-private-ai-companies.html