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Shell Companies
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
RTAC
76
Renatus Tactical Acquisition Corp I
RTAC
$325M
$325M $10.44 0.1%
EVOX
77
Evolution Global Acquisition Corp
EVOX
$324M
$324M $10.13 –
KOYN
78
CSLM Digital Asset Acquisition Corp III
KOYN
$324M
$324M $10.26 0%
ALDF
79
Aldel Financial II Inc
ALDF
$323M
$323M – –
PMTR
80
Perimeter Acquisition Corp I
PMTR
$322M
$322M – –
JACS
81
Jackson Acquisition Co II
JACS
$320M
$320M $10.80 0.28%
CAES
82
Cantor Equity Partners VII
CAES
$319M
$319M $10.03 0.1%
RNGT
83
Range Capital Acquisition Corp II
RNGT
$319M
$319M – –
TVA
84
Texas Ventures Acquisition III Corp
TVA
$317M
$317M $10.58 0.09%
SAC
85
Safeguard Acquisition Corp
SAC
$317M
$317M $10.10 0%
ATII
86
Archimedes Tech SPAC Partners II Co
ATII
$317M
$317M $10.70 0%
SAAQ
87
Space Asset Acquisition Corp
SAAQ
$316M
$316M $10.08 0.4%
RFAI
88
RF Acquisition Corp II
RFAI
$315M
$315M $37.76 1.64%
IPXG
89
Inflection Point Acquisition Corp. VII Class A Ordinary Shares
IPXG
$315M
$315M $10.05 0.1%
AACO
90
Abony Acquisition Corp I
AACO
$313M
$313M $9.98 –
LEGO
91
Legato Merger Corp IV
LEGO
$313M
$313M $10 0%
ILLU
92
Illumination Acquisition Corp I
ILLU
$312M
$312M – –
MTAL
93
Metals Acquisition Corp II
MTAL
$312M
$312M $10.16 –
CAQ
94
Cambridge Acquisition Corp
CAQ
$312M
$312M – –
RAC
95
Rithm Acquisition Corp
RAC
$311M
$311M $10.57 0%
LPBB
96
Launch Two Acquisition Corp
LPBB
$311M
$311M $10.80 0.09%
SVIV
97
Spring Valley Acquisition Corp IV
SVIV
$310M
$310M $10.11 –
ITHA
98
ITHAX Acquisition Corp III
ITHA
$309M
$309M – –
CCCT
99
Columbus Circle Capital Corp III
CCCT
$309M
$309M $9.85 –
TMTS
100
Spartacus Acquisition Corp II
TMTS
$308M
$308M $10.03 –
2 3
4
5 6

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 280 Shell Companies industry stocks tracked by Wall St. Rank, worth a combined $120B.

The largest by market cap are Vylor Inc. (VYLR) at $48.6B, Armada Acquisition Corp II (XRPN) at $764M and Drugs Made In America Acquisition II Corp (DMII) at $649M.

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.