Churchill Capital Corp XI: Agility Robotics Capital Raise Expected at $465M
Churchill Capital Corp XI and Agility Robotics announced that following the expiration of Churchill's redemption deadline, Agility's gross capital raise in connection with their proposed business combination and related financings is expected to be approximately $465 million. The transaction, which includes $164 million from Churchill's trust account and $201 million from a PIPE financing, is expected to close on November 4, 2026, with the combined company set to trade on Nasdaq under "AGLT" starting November 5, 2026. Agility highlighted recent commercial momentum, including expanded deployments with GXO and an agreement with AGCO, and noted over $300 million in committed multi-year orders for its Digit 5 robot.
Key Highlights
- Agility's gross capital raise in connection with the proposed transaction and related financings is expected to be approximately $465 million.
- The gross capital raise includes $164 million from Churchill XI's trust account, $201 million from a common stock PIPE, and $100 million of equity funding already received.
- Business combination expected to close on November 4, 2026, subject to shareholder approval.
- Combined company expected to begin trading on Nasdaq under ticker symbol "AGLT" on November 5, 2026.
- Agility Robotics is expected to be the only U.S. publicly listed pure-play humanoid robotics company with proven, active commercial deployments.
- Recent commercial momentum includes expansion with GXO, a commercial agreement with AGCO, and three additional manufacturing customers.
- Agility has previously disclosed more than $300 million in committed multi-year orders for Digit 5.
Price Impact
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