Agility Robotics announces SPAC merger with Churchill Capital Corp XI
Agility Robotics is set to go public through a merger with Churchill Capital Corp XI at about a $2.5 billion valuation, with more than $600 million in expected gross proceeds including PIPE funding led by Foxconn.
Evidence notes
- The transaction values Agility Robotics at about $2.5 billion and is expected to list the combined company under ticker AGLT.
- Expected gross proceeds exceed $600 million, including $420 million from Churchill XI trust cash and more than $200 million of PIPE funding led by Foxconn.
- The capital-market event is tied to Agility’s deployed Digit humanoid line for warehouse, logistics and industrial workflows.
Company context
US robotics company focused on humanoid systems for logistics and warehouse automation. Digit is designed for real-world material handling tasks in structured environments.