Agility Robotics Closes SPAC Deal Ahead of Nasdaq Trading

Agility Robotics announced on November 4, 2026 that it had completed its business combination with special-purpose acquisition company Churchill Capital Corp XI. The combined company’s common stock and warrants are expected to begin trading on Nasdaq on November 5, 2026.

Agility expects the listing to make it the only U.S. publicly listed pure-play humanoid robotics company with proven, active commercial deployments.

Churchill XI’s common stock, warrants and units will cease trading under their former symbols. Its outstanding units have been separated into their underlying securities and will no longer be listed following the closing.

All existing Agility shareholders will roll 100% of their equity into the combined company. Shares held by those shareholders and the Churchill sponsor will be subject to a 180-day restriction on sales after closing, with early release possible under certain stock-price performance measures. Agility will submit registrations to the Securities and Exchange Commission for resales of some shares, but those registrations will not lift the lock-up.

Financing Behind the Closing

The closing followed Churchill XI shareholders’ approval of the combination and all related proposals on November 2, 2026, with more than 84% of votes cast supporting the transaction. An October 30, 2026 announcement put the expected gross capital raise at approximately $465 million before transaction expenses. It comprised approximately $164 million from Churchill XI’s trust account, approximately $201 million from a common-stock private investment committed at $10 per share and led by Foxconn, and $100 million of equity funding already received after the combination was announced. The capital was intended to support commercial expansion and accelerate deployments with enterprise customers.

Commercial Deployments and Digit 5 Orders

Digit is designed to automate repetitive and physically demanding tasks and is commercially deployed in manufacturing, distribution and logistics with GXO, Schaeffler and Toyota Motor Manufacturing Canada. Agility reports more than 65,000 hours of real-world robot operation.

GXO has expanded its agreement to include Digit deployments at two additional U.S. facilities, expected to begin in early 2027. AGCO has signed a separate commercial agreement to pilot Digit at its manufacturing facility in Hesston, Kansas, beginning in 2027.

Digit 5, the next-generation model, is designed for cooperative safety so robots can work close to people in dynamic industrial environments. Agility reports more than $300 million in committed multi-year orders for Digit 5. That amount represents potential value expected over time, subject to contractual milestones, product features and specifications, and is not current-period revenue. Initial deliveries to early-access customers are targeted for the first half of 2027, with general availability targeted for the end of 2027.

Agility’s supporting infrastructure includes RoboFab, a U.S. manufacturing facility designed to produce up to 10,000 robots annually, and Agility Arc, a cloud-based enterprise software platform for deploying and managing robot fleets.

Agility enters its Nasdaq transition with operating customer deployments, while the scale of its next phase depends on converting conditional Digit 5 orders into 2027 deliveries and using RoboFab’s designed capacity and Agility Arc to support wider rollouts.