Agility Robotics Completes SPAC Merger Ahead of Nasdaq Debut

Agility Robotics announced on November 4, 2026 that it had completed its business combination with Churchill Capital Corp XI, a special purpose acquisition company. The combined company’s common stock and warrants are expected to begin Nasdaq trading on November 5, 2026, under AGLT and AGLTW, respectively.

Churchill XI’s common stock, warrants and units will cease trading under their previous symbols. Its outstanding units have been separated into their underlying securities and will no longer be listed following the closing.

An October 30, 2026 financing estimate put the expected gross capital raise at approximately $465 million before transaction expenses. That amount includes approximately $164 million from Churchill XI’s trust account, approximately $201 million from a common-stock PIPE committed at $10 per share and led by Foxconn, and $100 million in equity funding already received after the combination was announced. The completion release did not replace that estimate with a final net-proceeds figure.

Churchill XI announced on November 2, 2026 that shareholders had approved the transaction and all related proposals, with more than 84% of votes cast in favor. The approval also covered domestication from the Cayman Islands to Delaware and renaming the continuing entity Agility Robotics, Inc.

Post-Closing Ownership Restrictions

All existing Agility shareholders will roll 100% of their equity into the combined company. Their shares and those held by the Churchill sponsor will be subject to a 180-day restriction on sales after closing, with possible early release based on specified stock-price performance measures. Customary SEC filings to register the resale of certain shares will not change those lock-up restrictions.

The rollover and lock-up terms limit immediate changes to the ownership base established through the transaction. They also separate the ability to register shares for resale from the contractual restrictions governing when those shares can actually be sold.

Commercial Orders and Production Capacity

Digit is commercially deployed in manufacturing, distribution and logistics environments with GXO, Schaeffler and Toyota Motor (TM ) Manufacturing Canada. Agility reports more than 65,000 hours of real-world operation across its commercial activities.

The announced deployment schedule calls for GXO to add Digit at two additional U.S. facilities in early 2027 and for an AGCO pilot to begin that year at AGCO’s Hesston, Kansas manufacturing facility. Both are planned deployments, not completed installations.

Agility reports more than $300 million in committed multi-year orders for Digit 5, its next-generation humanoid designed for cooperative safety and work near people in dynamic industrial environments. The order value depends on contractual milestones, product features and specifications, is expected to be realized over time and does not represent current-period revenue.

Manufacturing and software infrastructure support that commercial plan. Agility describes RoboFab, its U.S. manufacturing facility, as designed to produce up to 10,000 robots annually; that is a design capacity rather than reported current output. Agility Arc is the cloud-based enterprise platform for deploying and managing robot fleets.

The closing changes Agility’s capital and ownership structure, but the commercial test remains execution. The company must satisfy the conditions attached to its Digit 5 orders, begin the planned customer deployments and convert RoboFab’s designed capacity into actual production before the scale described in its announcements is reflected in ongoing operations.