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Shell Companies
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
CAII
51
Collective Acquisition Corp II
CAII
$337M
$337M $9.95 0%
BLUW
52
Blue Water Acquisition Corp III
BLUW
$335M
$335M $10.36 0%
BEAG
53
Bold Eagle Acquisition Corp
BEAG
$334M
$334M $10.67 0%
CEPV
54
Cantor Equity Partners V
CEPV
$332M
$332M $10.44 0%
XRPN
55
Armada Acquisition Corp II
XRPN
$330M
$330M $10.45 0%
RREV
56
RRE Ventures Acquisition Corp
RREV
$330M
$330M $9.90 0%
PCAP
57
ProCap Acquisition Corp
PCAP
$327M
$327M $10.32 0%
FERA
58
Fifth Era Acquisition Corp I
FERA
$326M
$326M $10.44 0%
RTAC
59
Renatus Tactical Acquisition Corp I
RTAC
$325M
$325M $10.44 0%
SZZL
60
Sizzle Acquisition Corp II
SZZL
$325M
$325M $10.38 0%
CRAQ
61
Cal Redwood Acquisition Corp
CRAQ
$324M
$324M $10.35 0%
IPCX
62
Inflection Point Acquisition Corp III
IPCX
$322M
$322M $9.35 0%
EVOX
63
Evolution Global Acquisition Corp
EVOX
$322M
$322M $10.06 0%
KOYN
64
CSLM Digital Asset Acquisition Corp III
KOYN
$321M
$321M $10.17 0%
PMTR
65
Perimeter Acquisition Corp I
PMTR
$321M
$321M $10.40 0%
IACQ
66
Irenic Acquisition Corp
IACQ
$320M
$320M $9.93 0%
CAES
67
Cantor Equity Partners VII
CAES
$320M
$320M $10.06 0%
SAAQ
68
Space Asset Acquisition Corp
SAAQ
$319M
$319M $10.20 0%
POLE
69
Andretti Acquisition Corp II
POLE
$319M
$319M $10.80 0%
TVA
70
Texas Ventures Acquisition III Corp
TVA
$315M
$315M $10.51 0%
ATII
71
Archimedes Tech SPAC Partners II Co
ATII
$315M
$315M $10.65 0%
AEAQ
72
Activate Energy Acquisition Corp
AEAQ
$314M
$314M $10.03 0%
CMII
73
Columbus Circle Capital Corp II
CMII
$313M
$313M $10 0%
SVIV
74
Spring Valley Acquisition Corp IV
SVIV
$313M
$313M $10.20 0%
MTAL
75
Metals Acquisition Corp II
MTAL
$311M
$311M $10.15 0%
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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 212 Shell Companies industry stocks tracked by Wall St. Rank, worth a combined $56B.

The largest by market cap are Twenty One Capital Inc (XXI) at $1.51B, Churchill Capital Corp XI (CCXI) at $753M and Drugs Made In America Acquisition II Corp (DMII) at $645M.

Among institutional investors, Cantor Equity Partners VI (CEPS) drew the most net new fund positions in Q1 2026: 76 funds opened new positions.

Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q1 2026.