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Shell Companies
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
DSAC
51
Daedalus Special Acquisition Corp
DSAC
$345M
$345M $10.14 0.1%
AACI
52
Armada Acquisition Corp III
AACI
$342M
$342M $10.05 0%
IPFX
53
Inflection Point Acquisition Corp VI
IPFX
$339M
$339M $10.05 0%
CAII
54
Collective Acquisition Corp II
CAII
$339M
$339M $10 0.1%
PTOR
55
Praetorian Acquisition Corp
PTOR
$338M
$338M $9.96 0%
BEAG
56
Bold Eagle Acquisition Corp
BEAG
$335M
$335M $10.70 0.09%
BLUW
57
Blue Water Acquisition Corp III
BLUW
$335M
$335M $10.37 0%
XRPN
58
Armada Acquisition Corp II
XRPN
$335M
$335M $10.59 0.09%
RREV
59
RRE Ventures Acquisition Corp
RREV
$331M
$331M $9.92 0%
FERA
60
Fifth Era Acquisition Corp I
FERA
$329M
$329M $10.53 0.09%
PCAP
61
ProCap Acquisition Corp
PCAP
$329M
$329M $10.39 0.1%
DRDB
62
Roman DBDR Acquisition Corp II
DRDB
$328M
$328M $10.70 0.09%
OBA
63
Oxley Bridge Acquisition Ltd
OBA
$327M
$327M $10.34 0%
RTAC
64
Renatus Tactical Acquisition Corp I
RTAC
$325M
$325M $10.44 0.1%
EVOX
65
Evolution Global Acquisition Corp
EVOX
$324M
$324M $10.12 0.1%
KOYN
66
CSLM Digital Asset Acquisition Corp III
KOYN
$323M
$323M $10.24 0.1%
PMTR
67
Perimeter Acquisition Corp I
PMTR
$321M
$321M $10.42 0%
JACS
68
Jackson Acquisition Co II
JACS
$320M
$320M $10.83 0%
IACQ
69
Irenic Acquisition Corp
IACQ
$320M
$320M $9.92 0.1%
TVA
70
Texas Ventures Acquisition III Corp
TVA
$317M
$317M $10.57 0%
SAC
71
Safeguard Acquisition Corp
SAC
$317M
$317M $10.10 0.2%
ATII
72
Archimedes Tech SPAC Partners II Co
ATII
$316M
$316M $10.69 0%
SAAQ
73
Space Asset Acquisition Corp
SAAQ
$315M
$315M $10.05 –
IPXG
74
Inflection Point Acquisition Corp. VII Class A Ordinary Shares
IPXG
$315M
$315M $10.04 0.1%
ILLU
75
Illumination Acquisition Corp I
ILLU
$312M
$312M $9.98 0.3%
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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 236 Shell Companies industry stocks tracked by Wall St. Rank, worth a combined $60.7B.

The largest by market cap are Churchill Capital Corp XI (CCXI) at $671M, Drugs Made In America Acquisition II Corp (DMII) at $647M and Bain Capital GSS Investment Corp (BCSS) at $604M.

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.