Agility Robotics to merge with Churchill Capital Corp XI in $2.5bn deal

Corporate ActionM&A · Partnership Impact 4
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Summary · why it matters

Agility Robotics has agreed to merge with special purpose acquisition company Churchill Capital Corp XI in a deal that values the humanoid robotics firm at a pre-money equity value of $2.5bn. The combined company will operate as Agility and list under the ticker AGLT, with the transaction expected to close in 2026 pending shareholder and regulatory approvals. The merger is anticipated to provide more than $620m in gross proceeds, comprising $420m from Churchill's trust account and an additional $200m through a PIPE placement led by Foxconn at $10 per share. Agility's Digit robot has logged over 65,000 operational hours with customers including Schaeffler and Toyota Motor Manufacturing Canada, and the company has secured more than $300m in multi-year orders for its next-generation Digit v5 robot. All current Agility shareholders will retain their equity and be subject to a 180-day lock-up period.

Impact on stocks 4

Financials▲ · 1 stocks
Churchill Capital Corp XI
CCXI
▲ PositiveCapitalrelevance

Churchill Capital Corp XI is the SPAC merging with Agility Robotics, providing a path to public listing and access to trust proceeds.

Electrification & Mobility▲ · 1 stocks
Robotics & Physical AI▲ · 1 stocks
Others▲ · 1 stocks

Theme Impact 1

Off-coverage companies 2

Agility RoboticsPrivate▲ Positive
Capitalrelevance

Agility Robotics is merging with a SPAC to go public at a $2.5bn valuation, with $620m in gross proceeds including a PIPE from Foxconn.

Toyota Motor Manufacturing Canada Inc.Private± Mixed
relevance

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