CCXI Merging With Agility Robotics
Churchill Capital Corp XI is merging with Agility Robotics in a deal valuing Agility at $2.5B pre-money, expected to generate $620M+ in gross proceeds
CCXI Humanoid robotics company Agility Robotics is going public through a merger with Churchill Capital Corp XI CCXI .
The deal values Agility at $2.5B pre-money and is expected to generate $620M+ in gross proceeds, including a ~$200M PIPE led by Foxconn.
The combined company is expected to trade under ticker $AGLT.
Agility says it has $300M+ of multi-year orders for its next-gen Digit v5 robot from a 30+ customer pipeline.
The company has logged 65,000+ operating hours across nine customer facilities, with deployments including Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre.
Backers include Nvidia, Amazon, SoftBank Vision Fund 2, Foxconn and DCVC.