MergerAug 13, 2026, 05:23 PM
Churchill Capital XI to Merge with Agility Robotics; Q2 Net Loss $134.7M
AI Summary
Churchill Capital Corp XI entered a definitive Merger Agreement with Agility Robotics, Inc. on June 24, 2026, for a business combination. For the three months ended June 30, 2026, the company reported a net loss of $134.7 million, contributing to a six-month net loss of $131.5 million. The company also reported a working capital deficit of $138.3 million and a shareholders' deficit of $152.6 million as of June 30, 2026.
Key Highlights
- Entered a definitive Merger Agreement with Agility Robotics, Inc. on June 24, 2026.
- Reported a net loss of $134,680,744 for the three months ended June 30, 2026.
- Reported a net loss of $131,509,371 for the six months ended June 30, 2026.
- Working capital deficit of $138,253,457 as of June 30, 2026.
- Shareholders' deficit of $152,600,337 as of June 30, 2026.
- Trust Account held $420,879,831 in marketable securities and cash.
- Secured $201,025,000 through a PIPE Investment for 20,102,500 shares.
- Sponsor provided working capital loans up to $1,500,000 each in July and August 2026.
Price Impact
More from CCXI