SEC clears Agility Robotics SPAC merger with Churchill XI at $2.5B valuation

The SEC declared effective the Form S-4 registration statement for Agility Robotics' merger with Churchill Capital Corp XI. The deal values Agility at a $2.5 billion pre-money equity value and is expected to raise over $620 million, including $424 million from Churchill XI's trust and a $200 million PIPE led by Foxconn. Churchill XI shareholders will vote on November 2, 2026.

• Agility Robotics valued at $2.5 billion pre-money
• Expected gross proceeds over $620 million: $424 million trust plus $200 million PIPE
• Foxconn leads the $200 million PIPE
• Churchill XI shareholder vote set for November 2, 2026