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Small Cap
Shell Companies
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
SZZL icon
76
Sizzle Acquisition Corp II
SZZL
$329M
$329M – –
OBA icon
77
Oxley Bridge Acquisition Ltd
OBA
$328M
$328M $10.37 0.1%
XRPN icon
78
Evernorth Holdings Inc. Class A Ordinary Shares
XRPN
$328M
$328M $14.71 3.6%
CRAQ icon
79
Cal Redwood Acquisition Corp
CRAQ
$327M
$327M $10.43 0.19%
RTAC icon
80
Renatus Tactical Acquisition Corp I
RTAC
$326M
$326M $10.47 0%
CEPV icon
81
Cantor Equity Partners V
CEPV
$325M
$325M $10.21 –
EVOX icon
82
Evolution Global Acquisition Corp
EVOX
$324M
$324M $10.14 –
KOYN icon
83
CSLM Digital Asset Acquisition Corp III
KOYN
$324M
$324M $10.27 0%
PMTR icon
84
Perimeter Acquisition Corp I
PMTR
$323M
$323M $10.47 0.1%
IACQ icon
85
Irenic Acquisition Corp
IACQ
$321M
$321M – –
JACS icon
86
Jackson Acquisition Co II
JACS
$321M
$321M $10.85 0.09%
TVA icon
87
Texas Ventures Acquisition III Corp
TVA
$321M
$321M $10.69 0.28%
IPXG icon
88
Inflection Point Acquisition Corp. VII Class A Ordinary Shares
IPXG
$320M
$320M $10.21 0.89%
RNGT icon
89
Range Capital Acquisition Corp II
RNGT
$320M
$320M $10.20 0.1%
CAES
90
Cantor Equity Partners VII
CAES
$318M
$318M $10 0%
SAC icon
91
Safeguard Acquisition Corp
SAC
$317M
$317M – –
AEAQ icon
92
Activate Energy Acquisition Corp
AEAQ
$316M
$316M $10.10 0%
SAAQ icon
93
Space Asset Acquisition Corp
SAAQ
$316M
$316M – –
CAQ icon
94
Cambridge Acquisition Corp
CAQ
$313M
$313M $10.03 –
LEGO icon
95
Legato Merger Corp IV
LEGO
$312M
$312M $9.99 0.1%
ILLU icon
96
Illumination Acquisition Corp I
ILLU
$312M
$312M $9.98 –
LWAC icon
97
LightWave Acquisition Corp
LWAC
$312M
$312M $10.37 0.29%
RAC icon
98
Rithm Acquisition Corp
RAC
$311M
$311M $10.57 0.09%
LPBB icon
99
Launch Two Acquisition Corp
LPBB
$310M
$310M $10.80 0.09%
VHCP icon
100
Vine Hill Capital Investment Corp II
VHCP
$310M
$310M $10.10 –
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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 150 small cap Shell Companies stocks — companies in the Shell Companies industry with a market cap between $250M and $2B — worth a combined $52.6B.

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.