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Small Cap
Shell Companies
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
SOUL icon
51
Soulpower Acquisition Corp
SOUL
$357M
$357M $10.52 0.19%
AMAC
52
AMR Resources Acquisition Corp Class A Ordinary Shares
AMAC
$356M
$356M $9.80 0%
HCIC icon
53
Hennessy Capital Investment Corp
HCIC
$354M
$354M $9.98 –
ARCI icon
54
Archimedes Tech SPAC Partners III
ARCI
$354M
$354M $10.04 0.1%
BDCI icon
55
BTC Development Corp
BDCI
$354M
$354M $10.18 0%
BLZR icon
56
Trailblazer Acquisition Corp
BLZR
$352M
$352M $10.25 0%
SBXE icon
57
SilverBox Corp V
SBXE
$351M
$351M $10.11 0%
ARTC icon
58
Art Technology Acquisition Corp
ARTC
$349M
$349M $10.02 0%
HCMA icon
59
HCM III Acquisition Corp
HCMA
$348M
$348M – –
TLNC icon
60
Talon Capital Corp
TLNC
$347M
$347M $10.21 0.1%
AACI icon
61
Armada Acquisition Corp III
AACI
$343M
$343M $10.09 0.2%
IPFX icon
62
Inflection Point Acquisition Corp VI
IPFX
$342M
$342M $10.15 0.5%
CAII icon
63
Collective Acquisition Corp II
CAII
$340M
$340M $10.02 0%
PTOR icon
64
Praetorian Acquisition Corp
PTOR
$338M
$338M $9.97 0.1%
BLUW icon
65
Blue Water Acquisition Corp III
BLUW
$336M
$336M $10.40 0%
BEAG icon
66
Bold Eagle Acquisition Corp
BEAG
$331M
$331M $10.57 0%
FERA icon
67
Fifth Era Acquisition Corp I
FERA
$330M
$330M – –
RREV icon
68
RRE Ventures Acquisition Corp
RREV
$330M
$330M $9.91 0.1%
DRDB icon
69
Roman DBDR Acquisition Corp II
DRDB
$330M
$330M – –
PCAP icon
70
ProCap Acquisition Corp
PCAP
$330M
$330M $10.42 0.1%
SZZL icon
71
Sizzle Acquisition Corp II
SZZL
$329M
$329M – –
OBA icon
72
Oxley Bridge Acquisition Ltd
OBA
$328M
$328M $10.37 0.1%
XRPN icon
73
Evernorth Holdings Inc. Class A Ordinary Shares
XRPN
$328M
$328M $14.71 3.6%
CRAQ icon
74
Cal Redwood Acquisition Corp
CRAQ
$327M
$327M $10.43 0.19%
RTAC icon
75
Renatus Tactical Acquisition Corp I
RTAC
$326M
$326M $10.47 0%
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Small Cap Shell Companies Stocks at a Glance

Shell companies are development-stage vehicles with little or no operating revenue — blank-check entities, capital pools, and holding structures formed to acquire businesses. The investment case rests entirely on management and the eventual deal, not current fundamentals.

There are 138 small cap Shell Companies stocks — companies in the Shell Companies industry with a market cap between $250M and $2B — worth a combined $48.7B.

The largest by market cap are Drugs Made In America Acquisition II Corp (DMII) at $650M, EQV Ventures Acquisition Corp II (EVAC) at $606M and Bain Capital GSS Investment Corp (BCSS) at $598M.

Among institutional investors, Cantor Equity Partners VII (CAES) drew the most net new fund positions in Q2 2026: 74 funds opened new positions.

Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.