Churchill Capital Corp XI

Churchill Capital Corp XI (CCXI) and Agility Robotics, Inc. hosted an analyst and investor day on October 6, 2026, to discuss the proposed business combination and Agility's progress. Agility highlighted over $300 million in committed orders for its Digit 5 robot and detailed its operational metrics, including 9 customer facility deployments and 65,000 hours of operation. The company also provided updates on the upcoming Digit 5 release, its manufacturing capabilities at RoboFab, and a strategic safety partnership with NVIDIA.

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.

Churchill Capital Corp XI and Agility Robotics, Inc. announced the confidential submission of a draft Form S-4 registration statement with the SEC on July 13, 2026. This filing is a significant step towards completing their previously announced business combination. Upon closing, the combined entity will operate as Agility, trading under the ticker "AGLT" on a major North American exchange, and is expected to raise over $620 million in gross proceeds.

Churchill Capital Corp XI issued an unsecured promissory note for up to $1,500,000 to its sponsor, Churchill Sponsor XI LLC, on July 2, 2026. The note is intended to cover the company's working capital needs and does not bear interest. It matures upon the earlier of the closing of an initial business combination or the company's liquidation. The outstanding amounts are convertible, at the sponsor's option, into units at a conversion price of $10.00 per unit.

Churchill Capital Corp XI (CCXI) and Agility Robotics, Inc. have announced a definitive business combination agreement. The merger values Agility Robotics at a pre-money equity value of $2.5 billion and is expected to provide over $620 million in gross proceeds, including a $200 million PIPE investment. Upon closing, the combined entity will operate as Agility and trade under the ticker "AGLT" on a major North American exchange. The proceeds will be used to fulfill existing customer orders, expand commercial deployments, scale Digit v5 production, and further invest in Agility's integrated platform.

Churchill Capital Corp XI reported a net income of $3.17 million for the three months ended March 31, 2026, with basic and diluted earnings per share of $0.06. This income was primarily generated from $3.55 million in interest earned on marketable securities held in its Trust Account, offsetting general and administrative costs of $373,673. As a Special Purpose Acquisition Company (SPAC), CCXI has not yet commenced operations and is actively seeking a business combination, with $418.09 million held in its Trust Account.