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13F-HR filed by MMCAP International Inc. SPC

MMCAP International Inc. SPC filed this 13F-HR for the quarter ended 2025-09-30, filed 2025-11-10, with 172 holding rows worth $859,775,181.

Accession
0000912282-25-001210
Filed
2025-11-10
Accepted by EDGAR
acceptance time not in the bulk data set
Ingested
Source
SEC quarterly data set

Original filing

13F report for Q3 2025

A holdings report, 172 entries on the cover page, a total value of $859,775,181 stated on the cover page (in dollars after the unit check, H1), rows summing to $859,775,181 with VALUE read as dollars as filed, 13F file number 028-20111. The quarter's positions are built on this report. The resolved quarter.

The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).

Issuer as filedCUSIPClassAmountValueValue read asType
ARIS MINING CORPORATION04040Y109COM16,436,882$161,108,846dollars as filed
ALGOMA STL GROUP INC015658107COM8,078,828$28,720,234dollars as filed
URANIUM ENERGY CORP COM916896103Stock2,091,198$27,896,581dollars as filed
DRUGS MADE IN AMER ACQ II COG2851K120UNIT 09/16/20302,700,000$26,851,500dollars as filed
DENISON MINES CORP248356107COM9,505,871$26,141,145dollars as filed
STRIVE INC862945102CL A COM18,518,519$25,000,001dollars as filed
NEW PROVIDENCE ACQUISITION CG6476A102USD CL A ORD SHS2,200,000$22,374,000dollars as filed
CHURCHILL CAP CORP XG2130T108SHS CL A1,579,831$20,316,627dollars as filed
POET TECHNOLOGIES INC73044W302COM NEW3,585,240$19,862,230dollars as filed
FIFTH ERA ACQUISITION CORP IG3415K101ORD SHS CL A1,900,000$19,323,000dollars as filed
SUI GROUP HOLDINGS LIMITED59982U200COM NEW4,771,507$18,418,017dollars as filed
REPUBLIC DIGITAL ACQUISITIONG7515A103USD CL A ORD SHS1,565,000$15,978,650dollars as filed
M3Brigade Acquisition V Corp Cl AG63212107Common Stock1,500,000$15,825,000dollars as filed
LAUNCH ONE ACQUISITION CORPG5S86M100SHS CLASS A1,480,000$15,540,000dollars as filed
CANTOR EQUITY PARTNERS IV ING1828E100SHS CL A1,500,000$15,277,500dollars as filed
CHURCHILL CAPITAL CORP IXG21301109CL A SHS1,350,000$14,148,000dollars as filed
INFLECTION PT ACQUISITION COG47875102CL A ORD SHS1,400,000$14,098,000dollars as filed
ENCORE ENERGY CORP COM NEW29259W700Stock4,316,838$13,857,215dollars as filed
CARTESIAN GROWTH CORP IIIG19307100COM CL A1,350,000$13,560,750dollars as filed
GP-ACT III ACQUISITION CORPG4035N103CL A1,275,000$13,515,000dollars as filed
CENTURION ACQUISITION CORPG20315100SHS CL A1,175,000$12,396,250dollars as filed
WEN ACQUISITION CORPG9R39C103COM CL A1,200,000$12,144,000dollars as filed
M3-Brigade Acquisition Vi Co Unit 08/18/2030G63221124Unit1,100,000$11,132,000dollars as filed
Futurecrest Acquisition Corp Unit 99/99/9999G3730U123Unit1,000,000$10,600,000dollars as filed
SIM Acquisition I CorpG8431T101Equity980,000$10,329,200dollars as filed
Hcm Iii Acquisition Corp Unit 07/23/2030G4365E129Unit1,000,000$10,310,000dollars as filed
LIONHEART HOLDINGSG5501C109SHS CL A980,000$10,299,800dollars as filed
SILVERBOX CORP IVG81354105SHS CL A980,000$10,260,600dollars as filed
TRAILBLAZER ACQUISITION CORPG9009S129UNIT 08/21/20301,000,000$10,225,000dollars as filed
HAYMAKER ACQUISITIONG4375F108Common Stock900,000$10,206,000dollars as filed
GRAF GLOBAL CORPG4036C106ORD SHS CL A830,000$8,748,200dollars as filed
NATIONAL ENERGY SERVICES REUG6375R107SHS845,142$8,671,157dollars as filed
SHARPLINK INC820014405COM NEW498,700$8,482,887dollars as filed
Bitfarms Ltd/Canada09173B107Common Stock2,795,298$7,882,740dollars as filed
CANTOR EQUITY PARTNERS II ING1827P106CL A ORD SHS750,000$7,882,500dollars as filed
CANTOR EQUITY PARTNERS III IG1828A108SHS CL A750,000$7,740,000dollars as filed
Pioneer Acquisition I Corp Unit 06/16/2030G7117W123Unit750,000$7,537,500dollars as filed
OXLEY BRIDGE ACQ LTDG6858G123UNIT 06/17/2030750,000$7,530,000dollars as filed
GORES HLDGS X INCG4002F109SHS CL A700,000$7,147,000dollars as filed
AMERICAN EXCEPTIONALISM ACQUG0273J101ORD CL A631,066$6,897,551dollars as filed
UR-ENERGY INC91688R108COM3,849,280$6,890,211dollars as filed
CANTOR EQUITY PARTNERS I INCG1827K107SHS CL A638,027$6,673,762dollars as filed
1Rt Acquisition Corp. Unit 06/26/2030G6757R121Unit600,000$6,330,000dollars as filed
ANDRETTI ACQUISITION CORP IIG26745102ORD SHS CL A580,000$6,066,800dollars as filed
CO2 ENERGY TRANSITION CORP12664M103COM590,000$6,018,000dollars as filed
ENERGY FUELS INC292671708COM NEW364,925$5,601,599dollars as filed
Figx Cap Acquisition Corp. Unit 06/17/2030G3473K126Unit500,000$5,040,000dollars as filed
LAUNCH TWO ACQUISITION CORP.G5S87A105ORD SHS CL A480,000$5,016,000dollars as filed
CRONOS GROUP INC22717L101COM1,769,082$4,918,048dollars as filed
NEWBURY STR II ACQUISITION CG6439S109ORD SHS CL A450,000$4,662,000dollars as filed
UPEXI INC39959A205CMN766,933$4,425,203dollars as filed
FLUOR CORP343412102COM100,000$4,207,000dollars as filed
GEN DIGITAL INC668771116RIGHT 99/99/9999542,308$4,007,656dollars as filed
TRANSLATIONAL DEV ACQUISITIOG9008W105COM CL A350,000$3,622,500dollars as filed
USA RARE EARTH INC91733P115*W EXP 03/13/203500,000$3,608,950dollars as filed
GENERAL MTRS CO COM37045V100Stock57,750$3,521,018dollars as filed
BORGWARNER INC COM099724106Stock78,776$3,462,993dollars as filed
ISOENERGY LTD46500E867COM NEW345,645$3,452,476dollars as filed
APTIV PLCG3265R107COM SHS33,607$2,897,596dollars as filed
STELLAR V CAP CORPG8475V103SHS CL A280,000$2,884,000dollars as filed
VOYAGER ACQUISITION CORPG93A7H104CL A250,000$2,623,875dollars as filed
CEA INDUSTRIES INC86887P309COM334,039$2,605,504dollars as filed
CARMAX INC COM143130102Stock56,770$2,547,270dollars as filed
LIGHTWAVE ACQUISITION CORPG5490M118UNIT 06/06/2030250,000$2,512,500dollars as filed
BLUE ACQUISITION CORP.G1331A108ORD SHS CL A250,000$2,498,750dollars as filed
PROFOUND MED CORP74319B502COM NEW500,859$2,449,201dollars as filed
STEEL DYNAMICS INC COM858119100Stock15,311$2,134,813dollars as filed
NEWHOLD INVT CORP IIIG6486E102ORD SHS CL A200,000$2,036,000dollars as filed
OYSTER ENTERPRISES II ACQUISG6861F104ORD SHS CL A200,000$2,004,400dollars as filed
BLUE WTR ACQUISITION CORP. IG1368E106ORD SHS CL A200,000$1,994,000dollars as filed
GESHER ACQUISITION CORP. IIG3852D107USD CL A ORD SHS175,000$1,776,250dollars as filed
CHURCHILL CAP CORP XG2130T116*W EXP 05/14/203500,000$1,775,000dollars as filed
Chenghe Acquisition Iii Co Unit 09/09/2030G2086N113Unit150,000$1,497,000dollars as filed
ARCHIMEDES TECH SPAC PARTNERG04537109ORD SHS125,000$1,276,288dollars as filed
BEST SPAC I ACQUISITION CORPG1069P103USD CL A ORD SHS125,000$1,256,250dollars as filed
GREENFIRE RES LTD NEW39525U107COM SHS249,200$1,147,867dollars as filed
SOL STRATEGIES INC83411A205COM250,000$1,085,082dollars as filed
LEGATO MERGER CORP IIIG5451A103ORD SHS100,000$1,074,000dollars as filed
PROCAP ACQUISITION CORPG7257A105SHS CL A100,000$1,027,000dollars as filed
GALATA ACQUISITION CORP IIG3R25N124UNIT 09/12/2030100,000$998,000dollars as filed
M3BRIGADE ACQUISITION V CORPG63212115*W EXP 99/99/999787,500$960,750dollars as filed
CANADIAN PACIFIC KANSAS CITY COM13646K108Stock12,800$953,472dollars as filed
KYIVSTAR GROUP LTDG5331N119*W EXP 08/14/203213,666$867,484dollars as filed
iShares Ethereum Trust46438R105COM25,000$787,750dollars as filed
CRITICAL METALS CORPG2662B111WTS300,000$630,600dollars as filed
INFLECTION PT ACQUISITION COG47875110RIGHT 04/25/20301,400,000$616,000dollars as filed
Galiano Gold Inc36352H100COM250,000$544,337dollars as filed
REPUBLIC DIGITAL ACQUISITIONG7515A129W EXP 05/01/203782,500$508,625dollars as filed
FIFTH ERA ACQUISITION CORP IG3415K135RIGHT 02/21/20301,900,000$503,500dollars as filed
OCULIS HOLDING AGH5870P110*W EXP 03/06/20273,525$497,029dollars as filed
BLAIZE HLDGS INC092915115*W EXP 01/13/203750,000$465,900dollars as filed
NEXGEN ENERGY LTD COM65340P106Stock50,007$447,563dollars as filed
Centurion Acquisition Corp W Exp 05/31/203G20315118SPACS Warrant1,237,500$420,750dollars as filed
FORAFRIC GLOBAL PLCX3R81D110*W EXP 06/09/202518,900$408,219dollars as filed
REZOLVE AI PLCG75398118*W EXP 08/15/202250,000$401,100dollars as filed
Quantum X Labs Inc926711300COM115,995$394,383dollars as filed
ANFIELD ENERGY INC03464C205COM NEW38,346$392,112dollars as filed
Sim Acquisition Corp. I W Exp 06/01/203G8431T119SPACS Warrant990,000$366,300dollars as filed
WEN ACQUISITION CORPG9R39C111*W EXP 99/99/999600,000$336,000dollars as filed
NEW PROVIDENCE ACQUISITION CG6476A110*W EXP 04/24/203733,333$322,667dollars as filed
CARDIOL THERAPEUTICS INC14161Y200COM CL A293,056$313,570dollars as filed
Gp-Act Iii Acquisition Corp W Exp 05/13/202G4035N129SPACS Warrant1,037,500$269,750dollars as filed
NEW FOUND GOLD CORP64440N103COM112,725$268,123dollars as filed
CHURCHILL CAPITAL CORP IXG21301117*W EXP 03/31/203337,500$263,250dollars as filed
Lionheart Holdings W Exp 06/07/203G5501C117SPACS Warrant990,000$252,450dollars as filed
CEA INDUSTRIES INC86887P119*W EXP 02/11/202742,575$248,677dollars as filed
LAUNCH ONE ACQUISITION CORPG5S86M126*W EXP 06/01/203990,000$217,800dollars as filed
LAUNCH TWO ACQUISITION CORP.G5S87A113*W EXP 10/09/202490,000$181,300dollars as filed
HAYMAKER ACQUISITION CORP IVG4375F116*W EXP 05/31/202450,000$177,750dollars as filed
ALLIANCE ENTERTAINMENT HOLDI01861F110WTS294,000$173,460dollars as filed
CARTESIAN GROWTH CORP IIIG19307126*W EXP 05/02/203675,000$168,750dollars as filed
ALPHA TAU MEDICAL LTD WT EXPM0740A116Stock447,622$154,430dollars as filed
Silverbox Corp Iv W Exp 08/19/202G81354121SPACS Warrant326,666$143,733dollars as filed
Co2 Energy Transition Corp Right 10/15/202812664M129SPACS590,000$141,600dollars as filed
Graf Global Corp W Exp 05/31/203G4036C122SPACS Warrant415,000$136,950dollars as filed
JACKSON ACQUISITION CO IIG4992A136RIGHT 99/99/9999500,000$135,000dollars as filed
Gores Hldgs X Inc W Exp 05/02/203G4002F125SPACS Warrant175,000$133,000dollars as filed
Bitfufu Inc W Exp 03/01/202G1152A120SPAC Combination330,000$132,033dollars as filed
SPARK I ACQUISITION CORPG8316B118*W EXP 10/01/203175,000$105,000dollars as filed
Co2 Energy Transition Corp W Exp 08/17/20212664M111SPACS Warrant590,000$99,769dollars as filed
HOTEL101 GLOBAL HOLDINGS CORG46127109SHS CL A28,750$87,975dollars as filed
Fold Hldgs Inc W Exp 02/14/20329103K118SPAC Combination175,000$87,815dollars as filed
MURANO GLOBAL INVT PLCG63369113*W EXP 03/19/202500,000$72,950dollars as filed
Sbc Med Group Hldgs Inc W Exp 09/17/20273245B115SPAC Combination330,000$68,838dollars as filed
SATELLOGIC INC80401C118*W EXP 01/25/202166,666$58,333dollars as filed
Andretti Acquisition Corp Ii W Exp 06/01/203G26745128SPACS Warrant290,000$58,000dollars as filed
Newbury Str Ii Acquisition C W Exp 06/01/203G6439S117SPACS Warrant225,000$57,285dollars as filed
TRANSLATIONAL DEV ACQUISITIOG9008W113*W EXP 12/18/202175,000$50,750dollars as filed
STELLAR V CAP CORPG8475V111*W EXP 10/15/202140,000$48,986dollars as filed
Alpha Modus Hldgs Inc W Exp 12/13/202020952115SPAC Combination588,000$46,158dollars as filed
LIFEZONE METALS LIMITEDG5568L117WTS69,810$43,980dollars as filed
BLUE ACQUISITION CORP.G1331A116RIGHT 06/11/2030250,000$40,350dollars as filed
TEVOGEN BIO HLDGS INC88165K119*W EXP 02/14/202650,000$36,075dollars as filed
NEWHOLD INVT CORP IIIG6486E110*W EXP 01/30/203100,000$36,000dollars as filed
OYSTER ENTERPRISES II ACQUISG6861F138RIGHT 05/22/2030200,000$34,000dollars as filed
DRAGONFLY ENERGY HOLDINGS CO26145B114*W EXP 10/07/202675,000$33,818dollars as filed
GESHER ACQUISITION CORP. IIG3852D115*W EXP 10/31/20387,500$29,304dollars as filed
OMNIAB INC68218J111*W EXP 99/99/999158,333$26,917dollars as filed
ALCHEMY INVTS ACQUISITN CORPG0232F133*W EXP 11/30/202150,000$25,500dollars as filed
ARCHIMEDES TECH SPAC PARTNERG04537125*W EXP 10/15/20262,500$24,375dollars as filed
FOXX DEV HLDGS INC351665112*W EXP 09/26/202160,000$22,448dollars as filed
CYCURION INC95758L115*W EXP 02/13/203500,000$22,000dollars as filed
NAUTICUS ROBOTICS INC63911H116WTS500,000$21,950dollars as filed
PROCAP ACQUISITION CORPG7257A121*W EXP 05/16/20333,333$21,666dollars as filed
VOYAGER ACQUISITION CORPG93A7H112*W EXP 05/16/203125,000$21,250dollars as filed
LEGATO MERGER CORP IIIG5451A111*W EXP 05/08/20350,000$18,560dollars as filed
BEST SPAC I ACQUISITION CORPG1069P129RIGHT 05/27/2030125,000$17,513dollars as filed
HUB CYBER SECURITY LTDM6000J127WTS898,991$17,440dollars as filed
Oio Group W Exp 08/02/202G3R95P116SPAC Combination154,750$17,038dollars as filed
Liminatus Pharma Inc. W Exp 04/30/20353271X116SPAC Combination111,745$16,527dollars as filed
ABPRO HLDGS INC000847111*W EXP 11/12/202675,000$15,930dollars as filed
Cid Holdco Inc W Exp 12/31/202171756117SPAC Combination100,000$15,250dollars as filed
PSYENCE BIOMEDICAL LTD74449F118*W EXP 01/22/202600,000$15,120dollars as filed
Kidz Ai Inc W Exp 04/03/203182744110SPAC Combination187,500$15,038dollars as filed
BLUE WTR ACQUISITION CORP. IG1368E114*W EXP 05/23/203100,000$14,190dollars as filed
Eon Resources Inc W Exp 11/15/20240472A128SPAC Combination257,500$12,875dollars as filed
VALENS SEMICONDUCTOR LTDM9607U107*W EXP 09/30/202214,067$12,865dollars as filed
Beneficient W Exp 06/07/20208178Q119SPAC Combination750,000$10,800dollars as filed
Zeo Energy Corp W Exp 03/13/20298944F117SPAC Combination195,575$10,757dollars as filed
Roadzen Inc W Exp 11/30/202G7606H116SPAC Combination150,000$10,500dollars as filed
BANZAI INTERNATIONAL INC06682J118*W EXP 12/14/202352,409$9,409dollars as filed
Keen Vision Acquisition Corp W Exp 03/15/202G52443127SPACS Warrant150,000$9,030dollars as filed
Vsee Health Inc W Exp 99/99/99992919Y110SPAC Combination500,000$8,450dollars as filed
Cdt Equity Inc W Exp 09/22/20220678X114SPAC Combination700,000$7,420dollars as filed
ELONG POWER HOLDING LTD.G3016G103SHS CL A23,670$7,186dollars as filed
Multisensor Ai Holdings Inc W Exp 12/19/202456948116SPAC Combination175,250$6,660dollars as filed
NEWGENIVF GROUP LIMITEDG0544E113*W EXP 04/03/202375,000$6,188dollars as filed
BLUE GOLD LTDG1331C112*W EXP 04/01/20312,500$5,720dollars as filed
WTS PHOENIX BIOTECH ACQUISITIO71902k113WT375,000$4,988dollars as filed
Apollomics Inc W Exp 04/01/202G0411D115SPAC Combination250,000$4,775dollars as filed
Gibo Holdings Ltd. W Exp 05/08/203G38617117SPAC Combination125,000$4,375dollars as filed
SMX SEC MATTERS PLCG8267K117*W EXP 03/07/202125,000$3,375dollars as filed

Amendment chain

FilingRoleFiledAcceptedIngested
13F-HR 0000912282-25-001210this filing2025-11-10acceptance time not in the bulk data set