Churchill Capital XI merges with Agility Robotics at $2.5B valuation
The SEC declared effective on October 13, 2026, the merger between Agility Robotics and Churchill Capital Corp XI, valuing Agility at $2.5 billion pre-money. The deal, announced in June, expects gross proceeds of over $620 million, including $424 million in cash from Churchill XI’s trust account and $200 million from a PIPE led by Foxconn, assuming no shareholder redemptions. Agility plans to…
Key points
- SEC declared effective the merger between Agility Robotics and Churchill Capital XI, valuing Agility at $2.5B pre-money
- Deal expects $620M gross proceeds, including $424M cash and $200M PIPE led by Foxconn
- Agility targets 25 customer facility deployments by year-end 2027, with $300M in Digit 5 orders
Agility’s humanoid robots, including Digit, are already deployed with enterprises like Schaeffler, GXO, Toyota, and Mercado Libre, with over 65,000 hours of real-world operation. The company reports $300 million in committed orders for Digit 5, targeting commercial expansion to 25 customer facilities by year-end 2027. The merger will list the combined company on Nasdaq, making it the only U.S. publicly listed pure-play humanoid robotics firm with active deployments.
SEC Declares Agility Robotics SPAC Merger Registration Effective
Unite.AI · 13 October 2026
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