The vote is done. At a special meeting on November 2, shareholders of Churchill Capital Corp XI approved the SPAC’s business combination with Agility Robotics with more than 84% of votes cast in favour, according to the press release filed with the SEC that day. Closing is expected November 4, and the combined company — renamed Agility Robotics, Inc., and re-domesticated from the Cayman Islands to Delaware — is expected to begin trading on Nasdaq November 5 under ticker AGLT (warrants as AGLTW). CCXI shares finished up nearly 14% on the day of the vote, as The Robot Report noted.
That makes Agility the first US publicly listed pure-play humanoid robotics company — a claim the company itself makes, but one that survives scrutiny: unlike Xtend’s September NYSE listing, Agility’s entire business is one product line, the Digit humanoid, already operating in nine customer environments.
The money, revised down but intact. The raise now stands at approximately $465 million gross before expenses, down from the more than $620 million anticipated when the deal was announced in June. Per the joint release, the figure splits three ways: about $164 million remaining in Churchill XI’s trust, about $201 million from a common-stock PIPE committed at $10 per share and led by Foxconn, and $100 million of equity funding Agility has already received since the June announcement. The haircut reflects SPAC mechanics more than scepticism — redemptions shrank the trust, and strategic money (Foxconn, with NVIDIA, Amazon, SoftBank Vision Fund 2, Schaeffler, DCVC and Playground Global named as investors and partners across the process) replaced it at a fixed $10 share price. Existing Agility shareholders roll 100% of their equity under a 180-day lock-up.
What the market is actually buying. Robot Report’s coverage frames it correctly: Agility enters the public markets with deployments rather than a roadmap. Its oldest commercial relationship is with GXO Logistics, where Digit has moved totes onto conveyors since 2023, and the October expansion adds two more GXO facilities in Statesville, N.C. and Lebanon, Tenn. starting early 2027 on Digit 4 units. More recently came AGCO, piloting Digit at its Hesston, Kansas manufacturing facility. We have tracked the financial reality behind this listing before: an S-4 showing a $2.5 billion valuation on roughly $1.8 million of revenue. That gap is the entire bet — public-market money is funding the scaling of deployments until revenue catches up to the promise.
The honest caveats. All forward figures here are from the companies’ release: “expected” closing, “expected” trading date, gross-before-expenses capital. SPAC closes have collapsed at the final step before, and the November 4 close remains subject to customary conditions until an 8-K confirms it. The 84% vote figure is of votes cast, not of all shares outstanding — an approval, not a landslide mandate.
Why it matters beyond one ticker. For two years, humanoid robotics has been funded by venture capital and strategic corporate money comfortable with decade-long horizons. A US listing changes the funding rhythm: quarterly reporting, redemption-risk mechanics, and a public price for the sector’s central question — whether humanoid labour reaches cost parity in warehouses fast enough to justify $2.5 billion of belief. Our read of the capital raise last week noted that institutional money chose to hold rather than redeem; the vote result now makes that choice binding. If AGLT trades well, expect a queue of humanoid SPACs behind it. If it trades like a pre-revenue stock with a robot — well, that lesson gets priced in too.
Sources: SEC EDGAR — Churchill Capital Corp XI 8-K Exhibit 99.1, November 2, 2026 · The Robot Report · Unite.AI
