Agility Robotics and Churchill Capital Corp XI S-4 Registration Statement Declared Effective by SEC in Connection with Proposed Business Combination

SUMMARY

Agility Robotics announced that the US Securities and Exchange Commission declared effective, on October 13, 2026, the joint Form S-4 registration statement it filed with Churchill Capital Corp XI (Nasdaq: CCXI). The filing relates to the proposed business combination between the two companies. Churchill XI has set November 2, 2026 for the extraordinary general meeting at which its shareholders will be asked to approve the combination and related matters.

Agility also describes its Digit 5 programme. It says Digit 5, which it recently unveiled, is engineered for cooperative safety so that robots can work in close proximity to people. It says the robot is backed by more than $300 million in committed orders, subject to certain contractual milestones, product features and/or specifications, and is on track for early access customer availability in early 2027. Planned improvements are listed as lifting capacity, battery performance and dexterity.

On infrastructure, Agility describes Agility Arc as its cloud-based platform for integrating Digit into customer operations and managing robot fleets across facilities. Its RoboFab facility in Salem, Oregon is designed to produce up to 10,000 robots annually, and a hardware and physical AI development hub in Fremont, California opened in July 2026. The company targets growth in committed customer facility deployments from nine today to up to 25 by year-end 2027.

Agility expects the transaction to provide more than $620 million in gross proceeds: approximately $424 million held in Churchill XI's trust account, assuming no redemptions, and approximately $200 million from a common stock PIPE led by Foxconn. The business combination still needs Churchill XI shareholder approval and other customary closing conditions. It is expected to close in November 2026, with the combined company's stock expected to trade on Nasdaq under the ticker AGLT.

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