Churchill Capital Corp XI Shareholders Approve Business Combination with Agility Robotics

SUMMARY

Shareholders of Churchill Capital Corp XI, a publicly traded special purpose acquisition company, have approved its business combination with Agility Robotics, the maker of the Digit humanoid robot. Churchill XI announced the result of the special meeting on 2 November 2026, saying that more than 84% of votes cast were in favour and that all related proposals were approved.

Agility says its gross capital raise from the transaction and related financings is expected to total approximately $465 million, before transaction expenses. That is made up of approximately $164 million from Churchill XI's trust account, approximately $201 million from a common stock PIPE committed at $10 per share and led by Foxconn, and $100 million of equity funding already received after the combination was announced. Agility says the money is meant to support its business plan and accelerate commercial deployments with enterprise customers.

As part of the deal, Churchill XI will move its jurisdiction of incorporation from the Cayman Islands to the State of Delaware, and the continuing entity will be renamed Agility Robotics, Inc. Agility describes Digit as a general-purpose humanoid robot that is commercially deployed, and cites more than 65,000 hours of real-world operation.

The transaction and the PIPE financing are expected to close on 4 November 2026, subject to closing conditions. The combined company's common stock and warrants are then expected to begin trading on the Nasdaq Stock Market on 5 November 2026 under the ticker symbols AGLT and AGLTW.

Drafted with AI assistance from the source and reviewed by WBH. Follow the source link for the full text.