SEC Declares Agility Robotics SPAC Merger Registration Effective
Article excerpt
Agility Robotics announced on October 13, 2026, that the Securities and Exchange Commission declared effective that day the joint registration statement on Form S-4 filed with Churchill Capital Corp XI in connection with their proposed business combination, which values Agility at a pre-money equity value of $2.5 billion. Churchill XI has set a November 2, 2026, extraordinary general meeting for its shareholders to vote on the proposed combination and related matters. The two companies first announced the definitive business combination agreement on June 24, 2026. Churchill XI is a blank check company formed to effect a merger, share exchange, asset acquisition, or similar business combination, and the final prospectus for its initial public offering was filed with the SEC on December 16, 2025. The boards of directors of both companies unanimously approved the proposed transaction. The October 13 release states the combination is expected to provide more than $620 million in gross proceeds, including approximately $424 million of cash held in Churchill XI’s trust account, assuming no redemptions by Churchill XI shareholders, and approximately $200 million of incremental capital through a common stock PIPE (private investment in public equity) led by Foxconn, with participation from existing and new institutional investors. The June announcement had described the trust...
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Agility said early access customer availability is on track for early 2027, and it described Digit 5 as engineered for cooperative safety, with planned improvements in lifting capacity, battery performance, and dexterity.
