# Churchill Capital XI merges with Agility Robotics at $2.5B valuation

Digest AI · Robotics & Physical AI · published 2026-10-13T21:12:02Z

Canonical: https://digestai.news/story/churchill-capital-xi-merges-with-agility-robotics-at-2-5b-valuation

## Summary

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 use the funds for customer orders, expanding Digit 5 deployments, and scaling its integrated platform for robotics and physical AI.

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.

## 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

## Why it matters

The merger solidifies Agility’s position as a leader in humanoid robotics, accelerating commercialization of Digit 5 and expanding its customer base. The $2.5B valuation reflects growing confidence in physical AI and automation, with Foxconn’s involvement signaling broader industry adoption.

## Sources

1. [SEC Declares Agility Robotics SPAC Merger Registration Effective](https://unite.ai/sec-declares-agility-robotics-spac-merger-registration-effective) (Unite.AI, 2026-10-13)

## Cite

Digest AI, "Churchill Capital XI merges with Agility Robotics at $2.5B valuation", 13 October 2026, https://digestai.news/story/churchill-capital-xi-merges-with-agility-robotics-at-2-5b-valuation

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