Agility Robotics to go public through a merger with Churchill Capital Corp XI
Agility Robotics, the developer of the Digit humanoid robot, will become a public company by merging with the SPAC Churchill Capital Corp XI. The SEC has declared the joint registration statement effective and a shareholder vote is set for November 2, 2026, with closing expected in November. The transaction will raise roughly $620 million, including about $424 million from the SPAC’s trust and around $200 million from a PIPE led by Foxconn, and the combined entity will trade on Nasdaq under the ticker AGLT.
Why it matters
The merger will give Agility access to capital to scale production of its Digit 5 robot and fulfill over $300 million of committed orders, potentially expanding its customer base and facility deployments through 2027. Investors holding CCXI shares will convert to shares of the new public company once the business combination is approved.
Key facts
- 1The SEC declared the joint registration statement for the Agility‑Churchill Capital merger effective on October 12, 2026. investing.com
- 2A shareholder meeting to vote on the business combination is scheduled for November 2, 2026. investing.com
- 3The deal is expected to generate more than $620 million in gross proceeds. investing.com
- 4Approximately $424 million of the proceeds are anticipated to come from Churchill Capital’s trust account, assuming no redemptions. investing.com
- 5Around $200 million is expected from a common‑stock PIPE led by Foxconn. investing.com
- 6After closing, the combined company will list on Nasdaq under the ticker AGLT. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.