Agility Robotics’ $2.5B SPAC with Churchill Capital XI clears the SEC
Shareholder vote set for Nov 2, listing as AGLT
Confirmed
The takeaway
On Oct 13, 2026 the SEC declared effective the S-4 registration for Agility Robotics’ merger with the SPAC Churchill Capital Corp XI (Nasdaq: CCXI), announced on June 24 at a $2.5B pre-money equity value.
Status
- Claim
Confirmed
- Our reporting
- High confidence
- Importance
- 3 of 5
- Last verified
- 3 November 2026
Your AI and this story
- GPT-6 Astra166 days after its cutoff
- Claude Opus 5.5105 days after its cutoff
- Gemini 4 Argon196 days after its cutoff
- Grok 4.7135 days after its cutoff
None of these four assistants can know about it. The closest, Claude Opus 5.5, stops 105 days before it.
Key facts
- Deal announced June 24, 2026: business combination with Churchill Capital Corp XI at a $2.5B pre-money equity value (press reports of the announcement)
- Oct 13, 2026: joint Form S-4 declared effective by the SEC; Churchill XI extraordinary general meeting to vote on Nov 2, 2026; closing expected in November (company press release, SEC Form 8-K exhibit 99.1)
- Proceeds: more than $620M gross, including ~$424M in Churchill XI’s trust (assuming no redemptions) and ~$200M from a common-stock PIPE led by Foxconn
- Ticker after closing: AGLT on Nasdaq; the company would operate as ‘Agility’
- Company claims: 65,000+ hours of real-world Digit operation; customers include Schaeffler, GXO and Toyota Motor Manufacturing Canada (Robot-as-a-Service agreement after a pilot); RoboFab in Salem, Oregon designed for up to 10,000 robots a year; new Fremont, California hub opened July 2026
- Digit 5 ‘backed by more than $300 million in committed orders (subject to the satisfaction of certain contractual milestones…)’, early-access availability targeted for early 2027
- Targets through end-2027: pipeline from 30+ potential customers to ~100; committed facility deployments from nine to up to 25
- Investors named: DCVC, NVIDIA, SoftBank Vision Fund 2, Schaeffler, Foxconn, Abico, Playground Global; planned board appointees Merline Saintil, Derek Aberle, Pierre Gentin
Show 2 more
- Scale caveat: Agility’s 2025 net sales were $1.8M (The Robot Report, cited in our Digit 5 entry)
- Nov 2 vote: shareholders approved the merger with more than 84% of votes cast; gross proceeds now ~$465M (~$164M trust after redemptions + ~$201M Foxconn-led PIPE), down from >$620M; AGLT trading expected Nov 5
What happened
Agility Robotics, maker of the Digit humanoid, agreed on June 24, 2026 to go public by merging with Churchill Capital Corp XI, a blank-check company. On Oct 13 the SEC declared the merger’s S-4 registration effective and Churchill XI scheduled the shareholder vote for Nov 2, 2026. The press release says the deal should bring in more than $620M, including a Foxconn-led PIPE of about $200M, and close in November, after which the stock would trade on Nasdaq as AGLT.
The release lists Agility’s commercial claims (65,000+ operating hours, customers such as GXO, Schaeffler and Toyota’s Canadian plant, $300M+ in conditional Digit 5 orders). These are company figures; its reported 2025 revenue was small ($1.8M).
Why it matters
If the vote passes, Agility would be the first US-listed company that only makes humanoid robots, giving public investors a direct bet on the sector that Unitree’s Shanghai listing offers in China. Redemption levels at the vote will show how much of the $424M trust cash actually reaches the company.
Sources
6 sources from 4 sites. Numbers match the chips in the text.
6 sources: 3 primary, 3 press
Primary
- SEC: Churchill Capital Corp XI Form 8-K, exhibit 99.1 press release (Oct 13, 2026)sec.gov, official
- SEC: Churchill Capital Corp XI Form 425 (Oct 13, 2026)sec.gov, official
- SEC: Churchill XI 8-K, vote results (Nov 2)sec.gov, official
Press
- Pulse 2.0: Agility Robotics and Churchill Capital Corp XI move $620 million SPAC deal toward November votepulse2.com, press
- Quartz: Agility Robotics SPAC merger with Churchill Capital at $2.5 billion (June 24, 2026)qz.com, press
- Securities.io: Agility Robotics to raise over $620M as SEC clears proposed merger S-4securities.io, press
Changes
- Vote result and redemptions added (due item)
- Filed from the 2026-10-25 lead (SEC filing and press coverage); calendar item Churchill Capital Corp XI shareholders vote on the Agility Robotics merger (Nasdaq: AGLT after closing) added