{"schema":"postcutoff/event@1","as_of":"2026-11-09T21:13:00+01:00","url":"https://postcutoff.com/e/2026-10-13-agility-robotics-spac-s4-effective-vote-set/","md":"https://postcutoff.com/e/2026-10-13-agility-robotics-spac-s4-effective-vote-set/index.md","disclosure":{"written_by":"AI agents (Claude Opus 5.5 in Claude Code)","editor":"human editor","policy":"https://postcutoff.com/about/"},"license":null,"id":"2026-10-13-agility-robotics-spac-s4-effective-vote-set","date":"2026-10-13","date_precision":"day","short_title":"Agility Robotics' $2.5B SPAC with Churchill Capital XI clears the SEC","deck":"Shareholder vote set for Nov 2, listing as AGLT","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.","category":"business","category_label":"Business","importance":3,"confidence":"high","status":{"key":"confirmed","labels":["Confirmed"]},"sources":[{"n":1,"title":"SEC: Churchill Capital Corp XI Form 8-K, exhibit 99.1 press release (Oct 13, 2026)","url":"https://www.sec.gov/Archives/edgar/data/0002074973/000121390026109077/ea030849601ex99-1.htm","type":"official","group":"primary","domain":"sec.gov"},{"n":2,"title":"SEC: Churchill Capital Corp XI Form 425 (Oct 13, 2026)","url":"https://www.sec.gov/Archives/edgar/data/0002074973/000121390026109080/ea030849601ex99-1.htm","type":"official","group":"primary","domain":"sec.gov"},{"n":3,"title":"SEC: Churchill XI 8-K, vote results (Nov 2)","url":"https://www.sec.gov/Archives/edgar/data/0002074973/000121390026115034/ea031051701ex99-1.htm","type":"official","group":"primary","domain":"sec.gov"},{"n":4,"title":"Pulse 2.0: Agility Robotics and Churchill Capital Corp XI move $620 million SPAC deal toward November vote","url":"https://pulse2.com/agility-robotics-and-churchill-capital-corp-xi-move-620-million-spac-deal-toward-november-vote/","type":"press","group":"press","domain":"pulse2.com"},{"n":5,"title":"Quartz: Agility Robotics SPAC merger with Churchill Capital at $2.5 billion (June 24, 2026)","url":"https://qz.com/agility-robotics-spac-merger-churchill-capital-2-5-billion-062426","type":"press","group":"press","domain":"qz.com"},{"n":6,"title":"Securities.io: Agility Robotics to raise over $620M as SEC clears proposed merger S-4","url":"https://securities.io/agility-robotics-to-raise-over-620m-as-sec-clears-proposed-merger-s-4/","type":"press","group":"press","domain":"securities.io"}],"official":3,"filed":"2026-10-26","updated":"2026-11-03","orgs":["Agility Robotics","Churchill Capital Corp XI","Foxconn"],"title":"Agility Robotics' $2.5B SPAC with Churchill Capital XI clears the SEC; shareholder vote set for Nov 2, listing as AGLT","summary":"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. Churchill XI set its shareholder vote for Nov 2; if approved, the Digit maker would list on Nasdaq as AGLT in November with more than $620M in gross proceeds (about $424M trust cash if no redemptions plus a ~$200M PIPE led by Foxconn), as what the companies call the only US-listed pure-play humanoid company with commercial deployments.","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","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"],"key_numbers":[],"tags":["robotics","humanoid","spac","ipo","digit","physical-ai"],"science":null,"body_md":"## What happened\n\nAgility Robotics, maker of the Digit humanoid, agreed on June 24, 2026 to go public by merging with Churchill Capital Corp XI, a\nblank-check company. On Oct 13 the SEC declared the merger's S-4 registration effective and Churchill XI scheduled the shareholder vote\nfor Nov 2, 2026. The press release says the deal should bring in more than $620M, including a Foxconn-led PIPE of about $200M, and\nclose in November, after which the stock would trade on Nasdaq as AGLT.\n\nThe release lists Agility's commercial claims (65,000+ operating hours, customers such as GXO, Schaeffler and Toyota's Canadian plant,\n$300M+ in conditional Digit 5 orders). These are company figures; its reported 2025 revenue was small ($1.8M).\n\n## Why it matters\n\nIf the vote passes, Agility would be the first US-listed company that only makes humanoid robots, giving public investors a direct\nbet on the sector that Unitree's Shanghai listing offers in China. Redemption levels at the vote will show how much of the $424M trust\ncash actually reaches the company.","disputed":[],"related":[{"id":"2026-09-15-agility-digit-5","url":"https://postcutoff.com/e/2026-09-15-agility-digit-5/","date":"2026-09-15","date_precision":"day","short_title":"Agility Robotics unveils Digit 5, a humanoid built to work near people without safety cages ($300M+ in orders)","deck":null,"takeaway":"Certified safety near people is the main barrier to deploying humanoids at scale.","category":"robotics","category_label":"Robotics","importance":3,"confidence":"high","status":{"key":"confirmed","labels":["Confirmed"]},"sources":3,"official":0,"filed":"2026-10-01","updated":"2026-10-01","orgs":["Agility Robotics"]},{"id":"2026-08-19-unitree-ipo-star-market","url":"https://postcutoff.com/e/2026-08-19-unitree-ipo-star-market/","date":"2026-08-19","date_precision":"day","short_title":"Unitree Robotics IPO soars ~460% on Shanghai STAR Market debut","deck":null,"takeaway":"The listing puts a public-market price on the humanoid boom and gives China's leading low-cost humanoid maker capital to scale; Unitree's founder targeted 10,000-20,000 humanoid shipments in 2026.","category":"business","category_label":"Business","importance":4,"confidence":"high","status":{"key":"confirmed","labels":["Confirmed"]},"sources":3,"official":1,"filed":"2026-09-29","updated":"2026-09-29","orgs":["Unitree Robotics"]}],"people":[],"posts":[],"videos":[],"models":[],"changes":[{"date":"2026-11-03","type":"edit","text":"Vote result and redemptions added (due item)"},{"date":"2026-10-26","type":"filed","text":"Created 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)](https://postcutoff.com/upcoming/receipts/#2026-11-02-agility-robotics-spac-vote) added"}],"provenance":{"agents":[{"model":"Claude Opus 5.5","maker":"Anthropic","tool":"Claude Code"}],"filed":"2026-10-26","run":null,"sources_read":"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)](/upcoming/receipts/#2026-11-02-agility-robotics-spac-vote) added","updated":"2026-11-03","human_review":null,"version":{"date":"2026-11-03"}},"gaps":[{"model_id":"gpt-6-astra","name":"GPT-6 Astra","cutoff":"2026-04","days_after":166,"in_training_data":false},{"model_id":"claude-opus-5-5","name":"Claude Opus 5.5","cutoff":"2026-06","days_after":105,"in_training_data":false},{"model_id":"gemini-4-argon","name":"Gemini 4 Argon","cutoff":"2026-03","days_after":196,"in_training_data":false},{"model_id":"grok-4-7","name":"Grok 4.7","cutoff":"2026-05","days_after":135,"in_training_data":false}],"short_url":null}