Churchill Capital Corp XI and Agility Robotics File Draft S-4, Targeting Over $620M to Fuel Humanoid Robot Maker

summarizeSummary

Churchill Capital Corp XI and Agility Robotics have confidentially submitted a draft S-4 registration statement for their proposed merger, targeting over $620 million in gross proceeds to fund the commercial rollout of Agility's Digit humanoid robots.

check_boxKey Events · M&A and Partnerships · CCXI

• Draft S-4 Filed

  On July 13, 2026, Churchill XI and Agility Robotics confidentially submitted a draft Form S-4 registration statement to the SEC, advancing the $2.5 billion merger.

• Over $620M in Gross Proceeds

  The deal is expected to provide more than $620 million in gross proceeds, including $421 million from Churchill XI's trust (assuming no redemptions) and approximately $201 million in incremental financing.

• Proceeds to Scale Digit Production

  Agility intends to use the proceeds to fulfill existing customer orders, expand commercial deployments, scale production of Digit v5, and invest in its robotics and AI platform.

• Combined Company to Trade as 'AGLT'

  Upon closing, the combined company will operate as 'Agility' and is expected to list on a major North American exchange under the ticker symbol 'AGLT'.

auto_awesomeAnalysis · CCXI · Technology

The confidential S-4 filing brings the $2.5 billion Agility Robotics merger a step closer to reality. Expected gross proceeds exceed $620 million—$421 million from Churchill XI's trust and $201 million in new financing—giving Agility the capital to scale production of its Digit humanoid robots. Already deployed commercially at Schaeffler, GXO, and Toyota, Agility would become the only publicly listed pure-play humanoid company. The filing confirms the combined company will trade as 'AGLT' and that proceeds will fund customer orders and the next-generation Digit v5. This marks a material advance in a high-profile SPAC merger within the robotics sector.