Churchill XI has set a shareholder meeting date of November 2, 2026 to approve the proposed business combination and related matters.
Transaction expected to create the only U.S. publicly listed pure-play humanoid company with proven, active commercial deployments.
Agility expected to trade under ticker symbol AGLT following closing.
SALEM, Ore. & NEW YORK--(BUSINESS WIRE)--October 13, 2026--
Agility Robotics, Inc. ("Agility" or the "Company"), a leading humanoid robotics and physical AI company, today announced that its joint registration statement on Form S-4 (the "Registration Statement") with Churchill Capital Corp XI (Nasdaq: CCXI) ("Churchill XI"), filed with the Securities and Exchange Commission (the "SEC") in connection with the proposed business combination between Agility and Churchill XI, was declared effective by the SEC on October 13, 2026. This represents an important step in the process toward completion of the previously disclosed proposed business combination between Agility and Churchill XI. Churchill XI has set a meeting date of November 2, 2026 for its extraordinary general meeting to approve the proposed business combination and related matters.
Agility develops humanoid robotics and physical AI systems that augment the human workforce by automating repetitive and physically demanding tasks. With more than a decade of development, Agility has established itself as one of the only humanoid robotics companies with multiple years of operational experience in real customer environments, with commercial deployments and agreements across leading enterprises, including Schaeffler, GXO, and Toyota Motor Manufacturing Canada. Earlier generations of Digit have accumulated more than 65,000 hours of real-world operation, generating proprietary deployment data that informs the Company's physical AI capabilities and supports continuous improvements in robot performance, reliability, and skills. The recently unveiled Digit 5 is engineered for cooperative safety, with the goal of enabling robots to work in close proximity to people and automate a broader range of industrial workflows. Supporting commercial scale are Agility Arc, the Company's cloud-based automation platform for integrating Digit into customer operations and managing robot fleets across facilities, and RoboFab, its humanoid manufacturing facility designed to produce up to 10,000 robots annually. The Company is supported by leading strategic investors and partners across the AI, technology, venture capital, and industrial ecosystem, including DCVC, NVIDIA, SoftBank Vision Fund 2, Schaeffler, Foxconn, Abico, and Playground Global.
The combination of proven commercial deployments, growing customer demand, proprietary physical AI capabilities, cooperative safety leadership, and integrated deployment and manufacturing infrastructure positions Agility to capitalize on the growing adoption of humanoid robotics.
The proposed business combination is expected to provide more than $620 million in gross proceeds, including approximately $424 million of cash held in Churchill XI's trust account (assuming no redemptions by Churchill XI shareholders) and approximately $200 million of incremental capital through a common stock PIPE led by Foxconn, with participation from leading existing and new institutional investors. Agility intends to use the transaction proceeds to fulfill existing customer orders, expand commercial deployments, scale production of Digit 5, and continue investing in its integrated platform spanning robotics, physical AI, software, safety systems, and manufacturing infrastructure.
Agility is approaching its public listing with significant momentum, supported by key commercial, technology, and organizational milestones achieved in 2026:
-- Unveiled Digit 5, backed by more than $300 million in committed orders
(subject to the satisfaction of certain contractual milestones, product
features and/or specifications) and on track for early access customer
availability in early 2027, introducing its next-generation humanoid
robot designed for cooperatively safe work at scale, with planned
improvements in lifting capacity, battery performance, and dexterity to
address a broader range of commercial applications.
-- Selected by NVIDIA as the launch partner for NVIDIA Halos, the
industry's first full-stack safety system for physical AI and humanoid
robotics, building on a longstanding collaboration to advance the safe
deployment of humanoid robots at scale.
-- Secured a commercial agreement with Toyota Motor Manufacturing Canada
following a successful pilot, establishing a Robot-as-a-Service ("RaaS")
agreement to deploy Digit in manufacturing, supply chain, and logistics
operations, with opportunities to expand into additional automotive
production workflows.
-- Targeting significant commercial expansion through year-end 2027, with
goals to grow its pipeline from more than 30 potential customers
currently in active discussions or its Customer Acceleration Program
("CAP") to approximately 100, and increase committed customer facility
deployments from nine today to up to 25.
-- Expanded the infrastructure to develop and manufacture humanoid robots
at scale, opening a new hardware and physical AI development hub in
Fremont, California, in July 2026, complementing its RoboFab facility in
Salem, Oregon, which is designed to produce up to 10,000 robots
annually.
-- Deepened partnership with FORT Robotics to advance cooperative safety,
supporting the development of humanoid robots designed to work alongside
people and take on increasingly complex commercial workflows.
-- Announced planned public-company board appointments of Merline Saintil,
Derek Aberle, and Pierre Gentin, bringing deep technology,
commercialization, and corporate governance experience to support
Agility's next phase of growth.
Upon closing, the combined company is expected to be the only U.S. publicly listed pure-play humanoid robotics company with proven, active commercial deployments. The combined company will operate as "Agility" and its common stock is expected to be listed on the Nasdaq Stock Market under the ticker symbol "AGLT." The business combination remains subject to approval by Churchill XI shareholders and other customary closing conditions, and is expected to close in November 2026.
About Agility
Headquartered in Salem, Oregon, with offices in Pittsburgh, Pennsylvania and Fremont, California, Agility Robotics' mission is to build robot partners that augment the human workforce. Agility's groundbreaking general-purpose humanoid robot, Digit, is the first multi-purpose, human-centric robot that is Made for Work(R) and commercially deployed today. With more than 65,000 hours of real-world operation combined with industry-leading safety standards, we're pioneering a new era of automation that enhances human potential. To learn more, visit agilityrobotics.com
Agility, the Agility logo, Digit, Agility Arc, RoboFab, and Made for Work are trademarks of Agility Robotics, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.
About Churchill Capital Corp XI
Churchill XI is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.
Additional Information About the Proposed Transaction and Where to Find It
The proposed transaction will be submitted to shareholders of Churchill XI for their consideration. Churchill XI and Agility have jointly filed a registration statement on Form S-4 (the "Registration Statement") with the Securities and Exchange Commission ("SEC"), which was declared effective by the SEC on October 13, 2026, and which includes a definitive proxy statement/prospectus. The definitive proxy statement/prospectus and other relevant documents have been distributed to Company stockholders and Churchill XI shareholders as of September 14, 2026, the record date established for voting on the proposed transaction, in connection with Churchill XI's solicitation of proxies for the vote by Churchill XI's shareholders in connection with the proposed transaction and other matters described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Company stockholders in connection with the completion of the proposed transaction. Before making any voting or investment decision, Churchill XI and Agility stockholders and other interested persons are advised to read the definitive proxy statement/prospectus, as well as other documents filed with the SEC by Churchill XI in connection with the proposed transaction, as these documents contain important information about Churchill XI, the Company and the proposed transaction. Shareholders may obtain a copy of the definitive proxy statement/prospectus as well as other documents filed by Churchill XI with the SEC, without charge, at the SEC's website located at www.sec.gov or by directing a written request to Churchill Capital Corp XI, 640 Fifth Avenue, 14th Floor, New York, NY 10019.
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