Churchill Capital to Merge with Agility Robotics in $2.5B Deal Backed by $620M Funding
CCXI•Churchill Capital Corp XI will merge with Agility Robotics at a $2.5 billion valuation, with over $620 million in gross proceeds—including $420 million trust cash and a $200 million PIPE led by Foxconn. The combined company, named Agility, will trade under ticker AGLT to fund expansion and production of its Digit humanoid robots.
1. Merger Valuation and Approval
Churchill Capital Corp XI agreed to merge with Agility Robotics at a $2.5 billion pre-money equity valuation, and shares jumped 14% on the announcement. Both companies’ boards have unanimously approved the definitive agreement.
2. Financing Package
Under the deal, Agility Robotics will receive over $620 million in gross proceeds, comprising about $420 million from Churchill XI’s trust account (assuming no shareholder redemptions) and roughly $200 million from a PIPE priced at $10 per share led by Foxconn alongside institutional investors.
3. Combined Company Outlook
Upon closing, expected during 2026 pending shareholder and regulatory approvals, the entity will operate as Agility and list on a major North American exchange under ticker AGLT. The capital infusion is earmarked to accelerate commercial expansion and boost production capacity.
4. Digit Robot Commercial Traction
Agility Robotics has deployed its Digit humanoid robots at customers including Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre. The company has secured over $300 million in multi-year orders for its Digit v5 platform and logged more than 65,000 operational hours across nine facilities.
