13F HOLDINGS REPORT
MMCAP International Inc. SPC
Quarter ended Q2 2025 · Filed August 6, 2025 · Accession 0001062993-25-013723
Total Value
$831.4M
Positions
144
Other Managers
0
Confidential Omitted
No
Holdings (144)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ARIS MNG CORP | 04040Y109 | 11,324,587 | $141.3M | 16.99% |
| 2 | URANIUM ENERGY CORP | UEC | 15,782,970 | $107.3M | 12.91% |
| 3 | ALGOMA STL GROUP INC | 015658107 | 7,218,218 | $49.7M | 5.98% |
| 4 | POET TECHNOLOGIES INC | POET | 5,894,384 | $30.7M | 3.69% |
| 5 | DENISON MINES CORP | DNN | 13,412,284 | $24.4M | 2.94% |
| 6 | NEW PROVIDENCE ACQUISITION C | G6476A128 | 2,200,000 | $23.0M | 2.77% |
| 7 | CHURCHILL CAP CORP X | G2130T124 | 2,000,000 | $20.6M | 2.48% |
| 8 | FIFTH ERA ACQUISITION CORP I | FERAU | 1,900,000 | $19.8M | 2.38% |
| 9 | M3BRIGADE ACQUISITION V CORP | G63212107 | 1,500,000 | $16.9M | 2.04% |
| 10 | REPUBLIC DIGITAL ACQUISITION | RDAGW | 1,565,000 | $16.7M | 2.01% |
| 11 | GALAXY DIGITAL INC. | GLXY | 760,086 | $16.6M | 2.00% |
| 12 | LAUNCH ONE ACQUISITION CORP | LPAAW | 1,480,000 | $15.4M | 1.85% |
| 13 | INFLECTION PT ACQUISITION CO | G47875128 | 1,400,000 | $14.7M | 1.77% |
| 14 | CHURCHILL CAPITAL CORP IX | CCIXW | 1,350,000 | $14.2M | 1.71% |
| 15 | NEXGEN ENERGY LTD | NXE | 2,006,125 | $13.9M | 1.67% |
| 16 | CARTESIAN GROWTH CORP III | CGCTW | 1,350,000 | $13.7M | 1.64% |
| 17 | GP-ACT III ACQUISITION CORP | GPATW | 1,275,000 | $13.5M | 1.62% |
| 18 | WEN ACQUISITION CORP | WENNW | 1,200,000 | $12.7M | 1.53% |
| 19 | CENTURION ACQUISITION CORP | ALFUW | 1,175,000 | $12.4M | 1.49% |
| 20 | ENCORE ENERGY CORP | EU | 3,819,501 | $10.9M | 1.32% |
| 21 | SILVERBOX CORP IV | SBXD-WT | 980,000 | $10.7M | 1.29% |
| 22 | HCM II ACQUISITION CORP | G43658106 | 962,068 | $10.7M | 1.28% |
| 23 | LIONHEART HOLDINGS | CUBWW | 980,000 | $10.3M | 1.24% |
| 24 | SIM ACQUISITION CORP. I | SIMAW | 980,000 | $10.2M | 1.23% |
| 25 | HAYMAKER ACQUISITION CORP IV | G4375F108 | 900,000 | $10.0M | 1.20% |
| 26 | CANTOR EQUITY PARTNERS I INC | CEPO | 797,691 | $9.5M | 1.14% |
| 27 | UR-ENERGY INC | URG | 9,004,744 | $9.5M | 1.14% |
| 28 | ISOENERGY LTD | ISOU | 661,649 | $8.7M | 1.05% |
| 29 | ENERGY FUELS INC | UUUU | 1,513,925 | $8.7M | 1.05% |
| 30 | GRAF GLOBAL CORP | GRAF-WT | 830,000 | $8.7M | 1.04% |
| 31 | CANTOR EQUITY PARTNERS II IN | G1827P106 | 750,000 | $8.3M | 1.00% |
| 32 | CANTOR EQUITY PARTNERS III I | G1828A108 | 750,000 | $7.9M | 0.95% |
| 33 | OXLEY BRIDGE ACQ LTD | OBAWW | 750,000 | $7.5M | 0.90% |
| 34 | PIONEER ACQUISITION I CORP | PACHW | 750,000 | $7.5M | 0.90% |
| 35 | BORGWARNER INC | BWA | 221,985 | $7.4M | 0.89% |
| 36 | GORES HLDGS X INC | G4002F117 | 700,000 | $7.3M | 0.87% |
| 37 | ANDRETTI ACQUISITION CORP II | POLEW | 580,000 | $6.0M | 0.72% |
| 38 | CO2 ENERGY TRANSITION CORP | NOEMW | 590,000 | $5.9M | 0.71% |
| 39 | BITFARMS LTD | BITF | 6,602,098 | $5.5M | 0.67% |
| 40 | FIGX CAP ACQUISITION CORP. | G3473K126 | 500,000 | $5.0M | 0.60% |
| 41 | LAUNCH TWO ACQUISITION CORP. | LPBBW | 480,000 | $5.0M | 0.60% |
| 42 | COHEN CIRCLE ACQUISITION COR | COHN | 454,576 | $5.0M | 0.60% |
| 43 | NEWBURY STR II ACQUISITION C | G6439S109 | 450,000 | $4.6M | 0.56% |
| 44 | GEN DIGITAL INC | GENVR | 542,308 | $4.3M | 0.52% |
| 45 | SPARK I ACQUISITION CORP | SPKLW | 350,000 | $3.8M | 0.46% |
| 46 | TRANSLATIONAL DEV ACQUISITIO | G9008W121 | 350,000 | $3.6M | 0.44% |
| 47 | NATIONAL ENERGY SERVICES REU | NESR | 601,357 | $3.6M | 0.44% |
| 48 | CRONOS GROUP INC | CRON | 1,686,382 | $3.2M | 0.39% |
| 49 | PROFOUND MED CORP | PROF | 490,859 | $2.9M | 0.35% |
| 50 | STELLAR V CAP CORP | SVCCW | 280,000 | $2.9M | 0.35% |
| 51 | VOYAGER ACQUISITION CORP | G93A7H104 | 250,000 | $2.6M | 0.31% |
| 52 | LIGHTWAVE ACQUISITION CORP | LWACW | 250,000 | $2.5M | 0.30% |
| 53 | BLUE ACQUISITION CORP. | BACCU | 250,000 | $2.5M | 0.30% |
| 54 | GENERAL MTRS CO | 37045V100 | 42,750 | $2.1M | 0.25% |
| 55 | NEWHOLD INVT CORP III | G6486E128 | 200,000 | $2.1M | 0.25% |
| 56 | OYSTER ENTERPRISES II ACQUIS | OYSEU | 200,000 | $2.0M | 0.24% |
| 57 | BLUE WTR ACQUISITION CORP. I | G1368E122 | 200,000 | $2.0M | 0.24% |
| 58 | NATIONAL ENERGY SERVICES REU | NESR | 3,595,203 | $2.0M | 0.24% |
| 59 | GESHER ACQUISITION CORP. II | GSHRW | 175,000 | $1.8M | 0.22% |
| 60 | M3BRIGADE ACQUISITION V CORP | G63212115 | 787,500 | $1.4M | 0.17% |
| 61 | ARCHIMEDES TECH SPAC PARTNER | G04537117 | 125,000 | $1.3M | 0.15% |
| 62 | BEST SPAC I ACQUISITION CORP | BSAAU | 125,000 | $1.3M | 0.15% |
| 63 | USA RARE EARTH INC | USAR | 500,000 | $1.2M | 0.14% |
| 64 | HCM II ACQUISITION CORP | G43658122 | 490,000 | $1.2M | 0.14% |
| 65 | PROCAP ACQUISITION CORP | PCAPW | 100,000 | $1.1M | 0.13% |
| 66 | LEGATO MERGER CORP III | LEGT-WT | 100,000 | $1.1M | 0.13% |
| 67 | CARMAX INC | KMX | 15,615 | $1.0M | 0.13% |
| 68 | DOLLY VARDEN SILVER CORP | DVS | 108,000 | $669,970 | 0.08% |
| 69 | COHEN CIRCLE ACQUISITION COR | COHN | 326,666 | $653,332 | 0.08% |
| 70 | OCULIS HOLDING AG | OCSAW | 73,525 | $626,801 | 0.08% |
| 71 | JVSPAC ACQUISITION CORP | G5212E105 | 115,000 | $418,600 | 0.05% |
| 72 | VIEWBIX INC | VBIX | 115,995 | $407,142 | 0.05% |
| 73 | CARDIOL THERAPEUTICS INC | CRDL | 293,056 | $398,556 | 0.05% |
| 74 | SILVERBOX CORP IV | SBXD-WT | 326,666 | $391,967 | 0.05% |
| 75 | CENTURION ACQUISITION CORP | ALFUW | 1,237,500 | $371,250 | 0.04% |
| 76 | LIONHEART HOLDINGS | CUBWW | 990,000 | $336,699 | 0.04% |
| 77 | GP-ACT III ACQUISITION CORP | GPATW | 1,037,500 | $321,625 | 0.04% |
| 78 | CHURCHILL CAPITAL CORP IX | CCIXW | 337,500 | $320,659 | 0.04% |
| 79 | BLAIZE HLDGS INC | BZAIW | 750,000 | $288,150 | 0.03% |
| 80 | SIM ACQUISITION CORP. I | SIMAW | 990,000 | $270,963 | 0.03% |
| 81 | LAUNCH ONE ACQUISITION CORP | LPAAW | 990,000 | $267,300 | 0.03% |
| 82 | USA RARE EARTH INC | USAR | 23,800 | $260,729 | 0.03% |
| 83 | FORAFRIC GLOBAL PLC | AFRIW | 518,900 | $238,694 | 0.03% |
| 84 | LAUNCH TWO ACQUISITION CORP. | LPBBW | 490,000 | $226,429 | 0.03% |
| 85 | LIFEZONE METALS LIMITED | LZM-WT | 48,568 | $200,100 | 0.02% |
| 86 | REZOLVE AI PLC | RZLVW | 250,000 | $199,975 | 0.02% |
| 87 | SONNET BIOTHERAPEUTC HLDNG I | 83548R402 | 133,590 | $165,652 | 0.02% |
| 88 | HAYMAKER ACQUISITION CORP IV | G4375F116 | 450,000 | $162,000 | 0.02% |
| 89 | JACKSON ACQUISITION CO II | JACS-UN | 500,000 | $140,000 | 0.02% |
| 90 | CRITICAL METALS CORP | CRTMF | 300,000 | $136,860 | 0.02% |
| 91 | FOLD HLDGS INC | FLDDW | 175,000 | $124,250 | 0.01% |
| 92 | GRAF GLOBAL CORP | GRAF-WT | 415,000 | $120,433 | 0.01% |
| 93 | ALPHA TAU MEDICAL LTD | DRTSW | 447,622 | $107,474 | 0.01% |
| 94 | CO2 ENERGY TRANSITION CORP | NOEMW | 590,000 | $103,250 | 0.01% |
| 95 | JVSPAC ACQUISITION CORP | G5212E113 | 115,000 | $100,050 | 0.01% |
| 96 | BITFUFU INC | FUFUW | 330,000 | $99,825 | 0.01% |
| 97 | MURANO GLOBAL INVTS PLC | G63369113 | 500,000 | $97,500 | 0.01% |
| 98 | SATELLOGIC INC | SATLW | 166,666 | $71,666 | 0.01% |
| 99 | ALPHA MODUS HLDGS INC | AMODW | 588,000 | $65,268 | 0.01% |
| 100 | SBC MED GROUP HLDGS INC | 73245B115 | 330,000 | $63,723 | 0.01% |
| 101 | ANDRETTI ACQUISITION CORP II | POLEW | 290,000 | $58,000 | 0.01% |
| 102 | URANIUM RTY CORP | 91702V101 | 22,824 | $57,060 | 0.01% |
| 103 | NEWBURY STR II ACQUISITION C | G6439S117 | 225,000 | $56,250 | 0.01% |
| 104 | CO2 ENERGY TRANSITION CORP | NOEMW | 590,000 | $53,100 | 0.01% |
| 105 | ALLIANCE ENTERTAINMENT HOLDI | AENTW | 294,000 | $52,920 | 0.01% |
| 106 | NAUTICUS ROBOTICS INC | KITTW | 500,000 | $49,400 | 0.01% |
| 107 | TEVOGEN BIO HLDGS INC | TVGNW | 650,000 | $45,435 | 0.01% |
| 108 | VOYAGER ACQUISITION CORP | G93A7H112 | 125,000 | $37,488 | 0.00% |
| 109 | WAG GROUP CO | 93042P109 | 153,695 | $35,534 | 0.00% |
| 110 | SPARK I ACQUISITION CORP | SPKLW | 175,000 | $34,055 | 0.00% |
| 111 | CYCURION INC | CYCUW | 500,000 | $30,000 | 0.00% |
| 112 | OMNIAB INC | OABIW | 158,333 | $27,407 | 0.00% |
| 113 | LIFEZONE METALS LIMITED | LZM-WT | 69,810 | $27,016 | 0.00% |
| 114 | LIMINATUS PHARMA INC. | LIMNW | 111,745 | $26,808 | 0.00% |
| 115 | CLASSOVER HLDGS INC | KIDZW | 187,500 | $24,938 | 0.00% |
| 116 | FOXX DEV HLDGS INC | FOX | 160,000 | $22,400 | 0.00% |
| 117 | HUB CYBER SECURITY LTD | HUBCZ | 898,991 | $22,205 | 0.00% |
| 118 | ELONG POWER HOLDING LTD. | ELPW | 23,670 | $20,811 | 0.00% |
| 119 | DIGIASIA CORP | G27617110 | 400,000 | $19,960 | 0.00% |
| 120 | VSEE HEALTH INC | VSEEW | 500,000 | $17,750 | 0.00% |
| 121 | ALCHEMY INVTS ACQUISITN CORP | G0232F133 | 150,000 | $16,935 | 0.00% |
| 122 | WAG GROUP CO | 93042P117 | 975,750 | $15,612 | 0.00% |
| 123 | ABPRO HLDGS INC | ABPWW | 675,000 | $13,972 | 0.00% |
| 124 | LEGATO MERGER CORP III | LEGT-WT | 50,000 | $13,500 | 0.00% |
| 125 | EON RESOURCES INC | EONR-WT | 257,500 | $13,158 | 0.00% |
| 126 | ZEO ENERGY CORP | ZEOWW | 195,575 | $12,497 | 0.00% |
| 127 | PSYENCE BIOMEDICAL LTD | PBMWW | 600,000 | $12,180 | 0.00% |
| 128 | APOLLOMICS INC | APLMW | 250,000 | $11,075 | 0.00% |
| 129 | VALENS SEMICONDUCTOR LTD | VLN-WT | 214,067 | $11,046 | 0.00% |
| 130 | NEWGENIVF GROUP LIMITED | NIVFW | 375,000 | $9,975 | 0.00% |
| 131 | DRAGONFLY ENERGY HOLDINGS CO | DFLIW | 675,000 | $9,382 | 0.00% |
| 132 | CERO THERAPEUTICS HLDGS INC | CEROW | 375,000 | $8,925 | 0.00% |
| 133 | BANZAI INTERNATIONAL INC | BNZIW | 352,409 | $8,740 | 0.00% |
| 134 | KEEN VISION ACQUISITION CORP | KVACW | 150,000 | $8,100 | 0.00% |
| 135 | CID HOLDCO INC | DAICW | 100,000 | $7,900 | 0.00% |
| 136 | ROADZEN INC | RDZNW | 150,000 | $7,665 | 0.00% |
| 137 | CONDUIT PHARMACEUTICALS INC | CDTTW | 700,000 | $7,630 | 0.00% |
| 138 | MULTISENSOR AI HOLDINGS INC | MSAIW | 175,250 | $5,661 | 0.00% |
| 139 | BENEFICIENT | BENFW | 750,000 | $5,175 | 0.00% |
| 140 | ESGL HLDGS LTD | ESGH | 154,750 | $4,797 | 0.00% |
| 141 | GIBO HOLDINGS LTD. | GIBOW | 125,000 | $4,350 | 0.00% |
| 142 | GIBO HOLDINGS LTD. | GIBOW | 25,000 | $3,650 | 0.00% |
| 143 | BLUE GOLD LTD | BGLWW | 12,500 | $2,375 | 0.00% |
| 144 | SMX SEC MATTERS PLC | G8267K117 | 125,000 | $1,875 | 0.00% |