Churchill Capital Corp XI

Agility Robotics completed its public debut through a merger with SPAC Churchill Capital Corp XI, triggering sharp moves in robotics supply-chain stocks. Vishay Precision Group shares are up 269% year-to-date after booking $1 million in humanoid robotics orders in the first quarter, while Ouster has gained 150% year-to-date on a 49% revenue jump to $48.58 million. Teradyne, which tests AI chips and owns Universal Robots, saw revenue rise 87% to $1.28 billion with 70% now tied to AI, and its stock is up 140% year-to-date. Symbotic, despite a $22.7 billion contracted backlog and Walmart backing, remains down 29% year-to-date and trades below its 200-day moving average.

Shares of Churchill Capital Corp XI are trading higher following last week's announcement of a definitive business combination agreement with Agility Robotics, valuing the humanoid robotics company at a pre-money equity value of $2.5 billion. The merger is expected to provide Agility with over $620 million in gross proceeds, including $420 million of cash held in Churchill XI's trust account and a $200 million common stock PIPE priced at $10 per share, led by Foxconn alongside existing and new institutional investors. Agility Robotics produces Digit, a commercially deployed humanoid robot for manufacturing and logistics, and has secured over $300 million in multi-year contracted orders for its upcoming Digit v5. All existing Agility shareholders are rolling their equity into the combined company and will be subject to a 180-day lock-up, with the combined entity listing under the ticker AGLT upon closing.

Agility Robotics, the maker of the Digit humanoid robot, has agreed to merge with Churchill Capital Corp XI, a SPAC backed by Michael Klein, in a deal that values the company at $2.5 billion and is expected to provide more than $620 million in proceeds. The combined company will trade as AGLT, offering public investors the first US pure-play humanoid robotics comp. Digit has been deployed with Amazon, GXO, Toyota Motor Manufacturing Canada, Schaeffler, and Mercado Libre, and at GXO it cleared more than 100,000 totes under a multiyear robotics-as-a-service contract. The deal arrives as the robotics market saw a record $16.3 billion invested across 492 deals in Q1 2026, with investors now focused on scalability and paying customers rather than just technology demonstrations.