Agility Robotics Expects $465M Gross Capital Raise Ahead of SPAC Closing

What happened

Agility Robotics, a humanoid robotics company, and Churchill Capital Corp XI, a publicly traded special purpose acquisition (one company buying another) company, said in a joint announcement on October 30, 2026, that Agility's gross capital raise in connection with their proposed business combination and related financings is expected to be approximately $465 million before transaction expenses. Approximately $164 million is expected to come from Churchill XI’s trust account, and approximately $201 million from a common stock PIPE committed at $10 per share, led by Foxconn with participation from existing and new institutional investors.

A further $100 million is equity funding Agility has already received following the announcement of the business combination. The companies said Agility is expected to enter the public markets well capitalized to execute its planned investments in commercial expansion and to support growing customer demand.

Shareholder Vote, Closing, and Nasdaq Listing The business combination and the related PIPE financing are expected to close on November 4, 2026, subject to approval by Churchill XI shareholders at an extraordinary general meeting scheduled for November 2, 2026, and the satisfaction of customary closing conditions. The proposed transaction will be submitted to Churchill XI shareholders for their consideration.

Following closing, the combined company will operate as Agility Robotics, and its common stock is expected to begin trading on the Nasdaq Stock Market on November 5, 2026. The companies said the transaction is expected to create the only U.S.

The companies said the expected figure follows the expiration of Churchill XI's redemption deadline.

Composition of the Expected $465 Million Raise The announcement divides the expected gross capital raise into three components.