Mergers & Acquisitions ·
SEC declares effective Churchill Capital Corp XI's $620M business combination with Agility Robotics
CCXIChurchill Capital Corp XI
The U.S. Securities and Exchange Commission declared the joint Form S-4 registration statement effective on October 13, 2026, marking a critical regulatory milestone in the proposed business combination between SPAC Churchill Capital Corp XI and Agility Robotics. The transaction is expected to generate more than $620 million in gross proceeds, comprising approximately $424 million from Churchill’s trust account (assuming no redemptions) and roughly $200 million via a PIPE led by Foxconn. An extraordinary general meeting of Churchill shareholders has been scheduled for November 2, 2026, to vote on the merger, with closing anticipated in November 2026. Agility Robotics develops humanoid robotics and physical AI systems that augment the human workforce.