SEC Approves S-4 Registration Statement for Agility Robotics Merger with Churchill Capital XI

Agility Robotics, Inc. and special purpose acquisition company Churchill Capital Corp XI (NASDAQ:CCXI) achieved a major regulatory milestone as their joint S-4 registration statement was declared effective by the Securities and Exchange Commission on October 13, 2026. Churchill Capital Corp XI has set an extraordinary general meeting for November 2, 2026, where shareholders will vote on the proposed business combination. The transaction is structured to deliver over $620 million in gross proceeds, comprising roughly $424 million from trust account cash and a $200 million common stock PIPE investment led by Foxconn.

The transaction positions Agility Robotics to become a public enterprise operating under the ticker symbol AGLT on the Nasdaq Stock Market. Proceeds from the listing will be directed toward filling existing customer orders, expanding deployment across enterprise clients, and scaling manufacturing of Digit 5. Agility Robotics already holds commercial agreements with industrial companies including Toyota Motor Manufacturing Canada, GXO, and Schaeffler, backed by more than $300 million in committed orders for its Digit 5 robot platform.

Final completion of the transaction remains subject to the vote by Churchill Capital Corp XI shareholders alongside customary closing conditions. If approved at the November meeting, the merger is scheduled to finalize in November 2026, forming what is slated to be the only U.S. publicly traded pure-play humanoid robotics firm with active commercial operations.