{"success":true,"data":{"pressRelease":{"id":"71680","rtpr_id":"nBwRQBB5a","ticker":"CCXI","exchange":"NASDAQ","all_tickers":["CCXI"],"title":"Agility Robotics to Go Public Through $2.5 Billion Merger with Churchill Capital Corp XI","author":"Business Wire","published_at":"2026-06-24T10:00:00.410Z","article_body":"Agility Robotics to Go Public Through $2.5 Billion Merger with Churchill\nCapital Corp XI\n\nTransaction expected to create the only U.S. publicly listed pure-play\nhumanoid company with proven, active commercial deployments\n\n\n * Operating today in commercial environments with leading enterprises including\nSchaeffler, GXO, Toyota Motor Manufacturing Canada.\n\n * Supported by leading strategic investors and partners across the AI,\ntechnology, VC, and industrial ecosystem, including DCVC, NVIDIA, Amazon,\nSoftBank Vision Fund 2, Foxconn, Schaeffler, Abico, and Playground Global.\n\n * Digit v5 is designed to be the world’s first AI-enabled cooperatively safe\nhumanoid robot; Agility’s vertically integrated platform is general-purpose\nand built for scaled deployment.\n\n * Strong commercial momentum with more than $300 million of multi-year\ncontracted Digit v5 orders secured to date.\n\n * $2.5 billion pre-money equity value and more than $620 million of expected\ngross transaction proceeds, including approximately $200 million of\nincremental financing via a common stock PIPE committed at $10 per share from\nleading existing and new institutional investors.\n\n * Proceeds will support fulfillment of existing customer orders, expansion of\ncommercial deployments, scaling of Digit v5 production, and continued\ninvestment in Agility’s integrated platform.\n\n * Company to host a conference call today at 8:30 AM Eastern Standard Time.\nVisit \nwww.agilityrobotics.com/investors\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.agilityrobotics.com%2Finvestors&esheet=54559566&newsitemid=20260624555633&lan=en-US&anchor=www.agilityrobotics.com%2Finvestors&index=1&md5=de4ac5f4192b594aa84b5284cd922d18)\n\nfor more information.\n\nAgility Robotics, Inc. (“Agility” or the “Company”), a leading\nhumanoid robotics and physical AI company, and Churchill Capital Corp XI\n(NASDAQ: CCXI) (“Churchill”), a publicly traded special purpose\nacquisition company, today announced they have entered into a definitive\nbusiness combination agreement (the “Transaction”). Upon closing of the\nTransaction, the combined company is expected to operate as Agility and be\nlisted on a major North American exchange under the ticker symbol “AGLT.”\n\nAgility’s mission is to build robot partners that augment the human\nworkforce and lead the adoption of humanoids everywhere. Its flagship humanoid\nrobot, Digit, is a general-purpose, human-centric robot Made for Work™ and\ncurrently operating in manufacturing, distribution, and logistics environments\nto fill chronic physical labor shortages. Through more than a decade of\ndevelopment, Agility has established itself as one of the only humanoid\nrobotics companies with multiple years of operational experience in real\ncustomer environments. The Company is supported by leading strategic investors\nand partners across the AI, technology, VC, and industrial ecosystem,\nincluding DCVC, NVIDIA, Amazon, SoftBank Vision Fund 2, Schaeffler, Foxconn,\nAbico, and Playground Global.\n\n“Churchill Capital is proud to partner with companies that are shaping the\nfuture of technology and commerce,” said Michael Klein, Chairman and CEO of\nChurchill Capital Corp XI. “Agility is a humanoid first mover with proven\ntechnology, real-world deployments, and the trust of some of the world’s\nmost demanding enterprises. We are excited to support Peggy, Jonathan, and the\nAgility team as they scale deployment of Digit, extend their leadership in\nphysical AI, and create enduring value for shareholders.”\n\nDigit Is Made for Work™\n\nPeggy Johnson, CEO of Agility Robotics, said, “Humanoid robots are a\ncritical driver of American technology leadership and the future of global\nindustry. With category-defining commercially deployed humanoid robots\noperating in real customer environments today, Agility is at the forefront of\na new era where safety-first, AI-powered technology can reliably work\nalongside people to bridge labor shortages, increase productivity, and\nstrengthen the resilience of our supply chains. We believe humanoids are at a\nmeaningful inflection point in commercial adoption, and we are focused on\nmeeting growing customer demand, expanding deployments, and advancing our\nroadmap across robotics, physical AI, safety systems, and enterprise software.\nAs adoption accelerates, we believe Agility is positioned to address a market\nopportunity across manufacturing, distribution, and logistics environments in\nthe United States that is estimated by management to be approximately $1\ntrillion.”\n\nToday, Digit is commercially deployed with leading enterprises including\nSchaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre where it\nautomates repetitive physical tasks across manufacturing, distribution, and\nlogistics operations. Through deployment commitments across nine customer\nfacilities, Digit has accumulated more than 65,000 hours of operation and\ndemonstrated the ability to operate safely and reliably in live production\nenvironments.\n\nBeyond its active deployments, Agility is working with a growing list of\nworld-class potential customers for its Customer Acceleration Program that\nhelps enterprises evaluate and prepare for large-scale humanoid adoption. The\nprogram feeds a growing pipeline of future deployments across industries and\nreflects increasing enterprise interest in humanoid adoption.\n\nAgility’s commercial deployments have generated a growing body of\nproprietary, real-world operational data that continuously improves the\nCompany’s embodied AI systems, accelerates development of new capabilities,\nand expands the range of tasks Digit can perform. The resulting data flywheel\nstrengthens Agility’s technology platform, drives innovation, and creates\nincreasing value for customers.\n\nThe Company is now preparing for the commercial launch of Digit v5, its\nnext-generation humanoid robot designed to be the world’s first\ncooperatively safe humanoid. Agility has already secured more than $300\nmillion of multi-year orders for Digit v5, subject to the realization of\ncertain contractual milestones, with a growing pipeline of over 30 customers,\nreflecting growing demand from enterprises preparing to deploy humanoid robots\nat scale.\n\nBuilding the World's First Cooperatively Safe Humanoid Robot\n\nAgility was established in 2015 by Dr. Jonathan Hurst, Dr. Damion Shelton, and\nMikhail Jones out of Oregon State University's Dynamic Robotics Laboratory.\nSince its founding, the Company has focused on advancing humanoid robotics\nfrom research and development into real-world commercial deployment, building\ndeep expertise across robotics, physical AI, safety systems, and enterprise\nautomation.\n\nJonathan Hurst, Co-Founder and Chief Robot Officer of Agility Robotics, said,\n“We set out to build robots capable of performing useful physical work in\nenvironments designed for people, and that mission has been central to Agility\nfrom day one. We believe cooperative safety is the critical unlock for scaled\nhumanoid adoption, and our next generation Digit represents an important\nmilestone toward a future where robots become trusted partners in the\nworkplace.”\n\nToday, humanoid deployment requires robots and people to operate in segregated\nenvironments. Agility believes cooperative safety – the ability for robots\nto safely work alongside people in dynamic environments – is the critical\nrequirement for broad humanoid adoption. Digit v5 is designed to be the\nworld's first cooperatively safe AI-enabled humanoid robot, enabling\ndeployment in environments where people and robots work together while\nexpanding the range of workflows that can be automated.\n\nSupporting this capability is Agility's proprietary physical AI platform,\nwhich enables Digit to perceive, understand, and interact with the physical\nworld while safely operating in complex, human-centric environments.\nReal-world deployment data continuously improves these capabilities, creating\na compounding advantage as Agility scales adoption and develops new skills.\n\nAgility's physical AI leadership is further strengthened through collaboration\nwith leading technology partners, including Google DeepMind and NVIDIA, which\nselected Agility as the launch partner for NVIDIA Halos, the industry’s\nfirst full-stack safety system for physical AI and humanoid robotics. The\ncollaboration builds upon a longstanding relationship between the companies\nand reflects a shared commitment to advancing safe deployment of physical AI\nsystems.\n\nTo support commercial scale, Agility has built the manufacturing, hardware,\nsupply chain, and deployment infrastructure required for broad enterprise\nadoption. Central to this platform is Agility Arc, the Company's cloud-based\nautomation platform, which integrates Digit into customer operations and\nenables deployment, fleet orchestration, and operational management across\nfacilities. Complementing Arc, Agility has built an integrated manufacturing\nand supply chain infrastructure, including RoboFab, its full-scale humanoid\nmanufacturing facility designed to support production of up to 10,000 units\nannually, ownership of many of Digit's highest-value hardware systems, and a\ndomestic supply chain that sources approximately 75% of Digit parts within the\nUnited States.\n\nAgility believes its combination of proven commercial deployments, growing\ncustomer demand, proprietary physical AI capabilities, cooperative safety\nleadership, and integrated deployment and manufacturing infrastructure\npositions the Company to capitalize on the growing adoption of humanoid\nrobotics.\n\nAgility is guided by a highly experienced leadership team, including CEO Peggy\nJohnson, Co-Founder & Chief Robot Officer Jonathan Hurst, Chief Business\nOfficer Daniel Diez, Chief Financial & Operating Officer Jennifer Hunter,\nChief Technology Officer Pras Velagapudi, Chief Hardware Officer Marco\nMarroquin and General Counsel and Chief People Officer Ana Lang. The executive\nteam brings together more than 80 years of commercial leadership and more than\n50 years of technical robotics experience.\n\nAttractive Transaction Structure to Accelerate Growth\n\nThe business combination values Agility at a pre-money equity value of $2.5\nbillion, providing an attractive entry point into Agility for Churchill XI\nshareholders and new investors. The Transaction is expected to provide more\nthan $620 million of gross proceeds to Agility, including:\n\n\n * $420 million of cash held in Churchill XI’s trust account (assuming no\nredemptions); and\n\n * Approximately $200 million of incremental financing via a common stock PIPE\ncommitted at $10 per share, led by Foxconn with participation from leading\nexisting and new institutional investors.\n\nAgility intends to use the proceeds from the Transaction to fulfill existing\ncustomer orders, expand commercial deployments, scale production of Digit v5,\nand continue investing in its integrated platform spanning robotics, physical\nAI, software, safety systems, and manufacturing infrastructure.\n\nDemonstrating strong alignment with public shareholders, 100% of existing\nAgility shareholders will roll their equity into the combined company. All\nexisting Agility shareholders will be locked up for 180 days at close of the\ntransaction.\n\nThe boards of directors of both Agility and Churchill XI have each unanimously\napproved the proposed business combination. The Transaction is expected to\nclose in 2026, subject to approval by Churchill XI shareholders, SEC review of\nthe registration statement on Form S-4, receipt of required regulatory\napprovals, approval by the relevant stock exchange to list the securities of\nthe combined company, and other customary closing conditions.\n\nConference Call Information\n\nThe management teams of Agility and Churchill will host an investor conference\ncall to discuss the proposed transaction and review an investor presentation\nat 8:30 a.m. ET today, June 24, 2026. Interested investors may access a live\nwebcast of the conference call by visiting www.agilityrobotics.com/investors\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.agilityrobotics.com%2Finvestors&esheet=54559566&newsitemid=20260624555633&lan=en-US&anchor=www.agilityrobotics.com%2Finvestors&index=2&md5=264b9f94476db9ab111691b5a1718e3e)\n. A replay of the call will also be made available at the same website and a\ntranscript of the call will be filed with the Securities and Exchange\nCommission.\n\nAdvisors\n\nCitigroup Global Markets Inc. is serving as exclusive capital markets advisor\nand lead PIPE placement agent to Churchill XI. Willkie Farr & Gallagher\nLLP is serving as transaction counsel to Churchill XI. Ocean Tomo, a part of\nJ.S. Held, is serving as financial and technical advisor to Churchill XI.\nOgier (Cayman) LLP is serving as Cayman Islands legal counsel to Churchill XI.\nRopes & Gray LLP is serving as legal advisor to the PIPE placement agents\nand capital markets advisor to Churchill XI. Ellenoff Grossman & Schole\nLLP is serving as corporate counsel to Churchill XI.\n\nBTIG, LLC is serving as exclusive financial advisor to Agility and PIPE\nplacement agent to Churchill XI. Latham & Watkins LLP is serving as legal\nadvisor to Agility.\n\nAbout Agility\n\nAgility’s commercially deployed humanoids operate alongside teams in\nwarehouses, manufacturing facilities and distribution centers – tackling\nphysically demanding and repetitive tasks while enabling workers to focus on\nhigher-value work. With industry-leading safety standards and years of proven\ndeployment data, we're pioneering a new era of automation that enhances human\npotential. To learn more, visit www.agilityrobotics.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.agilityrobotics.com&esheet=54559566&newsitemid=20260624555633&lan=en-US&anchor=www.agilityrobotics.com&index=3&md5=b6fee771600cdc4612d8c44b06c4a24b)\n.\n\nAbout Churchill Capital Corp XI\n\nChurchill XI is a blank check company formed for the purpose of effecting a\nmerger, amalgamation, share exchange, asset acquisition, share purchase,\nreorganization or similar business combination with one or more businesses. It\nmay pursue an initial business combination target in any business or industry.\n\nAdditional Information About the Proposed Transaction and Where to Find It\n\nThe proposed transaction will be submitted to shareholders of Churchill XI for\ntheir consideration. Churchill XI intends to file a registration statement on\nForm S-4 (the “Registration Statement”) with the Securities and Exchange\nCommission (“SEC”), which will include preliminary and definitive proxy\nstatements to be distributed to Churchill XI’s shareholders in connection\nwith Churchill XI’s solicitation of proxies for the vote by Churchill XI’s\nshareholders in connection with the proposed transaction and other matters to\nbe described in the Registration Statement, as well as the prospectus relating\nto the offer of the securities to be issued to Company stockholders in\nconnection with the completion of the proposed transaction. After the\nRegistration Statement has been filed and declared effective, a definitive\nproxy statement/prospectus and other relevant documents will be mailed to\nChurchill XI shareholders as of the record date established for voting on the\nproposed transaction. Before making any voting or investment decision,\nChurchill XI and Company stockholders and other interested persons are advised\nto read, once available, the preliminary proxy statement/prospectus and any\namendments thereto and, once available, the definitive proxy\nstatement/prospectus statement, as well as other documents filed with the SEC\nby Churchill XI in connection with the proposed transaction, as these\ndocuments will contain important information about Churchill XI, the Company\nand the proposed transaction. Shareholders may obtain a copy of the\npreliminary or definitive proxy statement/prospectus statement, once\navailable, as well as other documents filed by Churchill XI with the SEC,\nwithout charge, at the SEC’s website located at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54559566&newsitemid=20260624555633&lan=en-US&anchor=www.sec.gov&index=4&md5=08b21fba6e9ef1aa025be5f1d24fcfbb)\nor by directing a written request to Churchill XI Capital Corp XI, 640 Fifth\nAvenue, 14th Floor, New York, NY 10019.\n\nForward-Looking Statements\n\nThis press release includes “forward-looking statements” within the\nmeaning of the federal securities laws. Forward-looking statements may be\nidentified by the use of words such as “estimate,” “plan,”\n“project,” “forecast,” “intend,” “will,” “expect,”\n“anticipate,” “believe,” “seek,” “target,” “continue,”\n“could,” “may,” “might,” “possible,” “potential,”\n“predict,” “should,” “would” or similar expressions that predict\nor indicate future events or trends or that are not statements of historical\nmatters, but the absence of these words does not mean that a statement is not\nforward-looking. We have based these forward-looking statements on current\nexpectations and projections about future events. These statements include\nstatements relating to, without limitation: our ability to consummate the\nproposed business combination and PIPE and the satisfaction or waiver of the\nclosing conditions set forth in the proposed business combination or PIPE\nsubscription agreements; the occurrence of any other event, change or other\ncircumstances that could give rise to the termination of the proposed business\ncombination or PIPE subscription agreements; projections of market opportunity\nand market share; estimates of customer adoption rates, market acceptance and\nusage patterns; projections regarding the Company’s future development\nplans; the timing and success of the Company’s future development plans; the\nability of the Company to implement its strategic initiatives and continue to\ninnovate its existing products and services; the potential for share price\nappreciation; the expected timing of announcement and close of the potential\ntransaction; the Company’s economic opportunity and total addressable\nmarket; the expected amount of gross transaction proceeds and the planned\npre-money valuation of the Company; expectations regarding the Company’s\nability to attract, retain and expand its customer base; the Company’s\ndeployment of proceeds from capital raising transactions; the Company’s\nexpectations concerning relationships with strategic partners, suppliers,\nregulatory bodies and other third parties; the Company’s ability to\nmaintain, protect and enhance its intellectual property; future ventures or\ninvestments in companies, products, services or technologies; development of\nfavorable regulations affecting the Company’s markets; the potential\nbenefits of the proposed transactions and expectations related to its terms\nand timing; and the potential for the combined company to increase in value.\n\nThese forward-looking statements are provided for illustrative purposes only\nand are not intended to serve as, and must not be relied on as, a guarantee,\nan assurance, a prediction or a definitive statement of fact or probability.\nActual events and circumstances are difficult or impossible to predict and\nwill differ from assumptions, many of which are beyond the control of the\nCompany and Churchill XI.\n\nThese forward-looking statements are subject to known and unknown risks,\nuncertainties and assumptions that may cause Churchill XI’s actual results,\nlevels of activity, performance or achievements to be materially different\nfrom any future results, levels of activity, performance or achievements\nexpressed or implied by such statements. Such risks and uncertainties include:\nthat the Company is pursuing an emerging technology, faces significant\ntechnical challenges and may not achieve commercialization or market\nacceptance; the Company’s historical net losses and limited operating\nhistory; the Company’s expectations regarding future financial performance,\ncapital requirements and unit economics; the Company’s use and reporting of\nbusiness and operational metrics; the Company’s competitive landscape; the\nCompany’s dependence on members of its senior management and its ability to\nattract and retain qualified personnel; the potential need for additional\nfuture financing; the Company’s ability to manage growth and expand its\noperations; potential future acquisitions or investments in companies,\nproducts, services or technologies; the Company’s reliance on strategic\npartners and other third parties; the Company’s ability to maintain, protect\nand defend its intellectual property rights; risks associated with privacy,\ndata protection or cybersecurity incidents and related regulations; the use,\nrate of adoption and regulation of artificial intelligence and machine\nlearning; uncertainty or changes with respect to laws and regulations;\nuncertainty or changes with respect to taxes, trade conditions and the\nmacroeconomic environment; the combined company’s ability to maintain\ninternal control over financial reporting and operate a public company; the\nrisk that the proposed transaction may not be completed in a timely manner or\nat all, which may adversely affect the price of Churchill XI’s securities;\nthe failure by the parties to satisfy the conditions to consummation of the\nproposed transaction, including the approval of Churchill XI’s shareholders;\nthe possibility that required regulatory approvals for the proposed\ntransaction are delayed or are not obtained, which could adversely affect the\ncombined company or the expected benefits of the proposed transaction; the\nrisk that shareholders of Churchill XI could elect to have their shares\nredeemed, leaving the combined company with insufficient cash to execute its\nbusiness plans; the level of redemptions of Churchill XI’s public\nshareholders; the ability of the Company to grow and manage growth, maintain\nrelationships with customers and retain its management and key employees;\ncosts related to the proposed transaction; the occurrence of any event, change\nor other circumstance that could give rise to the termination of the business\ncombination agreement; the outcome of any legal proceedings or government\ninvestigations that may be commenced against the Company or Churchill XI;\nfailure to realize the anticipated benefits of the proposed transaction; the\nCompany’s estimates of expenses and profitability; the evolution of the\nmarkets in which the Company competes; the ability of Churchill XI or the\ncombined company to issue equity or equity-linked securities in connection\nwith the proposed transaction or in the future; and other factors described in\nChurchill XI’s filings with the SEC. Additional information concerning these\nand other factors that may impact such forward-looking statements can be found\nin filings and potential filings by the Company, Churchill XI or the combined\ncompany resulting from the proposed transaction with the SEC, including under\nthe heading “Risk Factors.” If any of these risks materialize or\nassumptions prove incorrect, actual results could differ materially from the\nresults implied by these forward-looking statements. In addition, these\nstatements reflect the expectations, plans and forecasts of the Company’s\nand Churchill XI’s management as of the date of this Current Report on Form\n8-K; subsequent events and developments may cause their assessments to change.\nWhile the Company and Churchill XI may elect to update these forward-looking\nstatements at some point in the future, they specifically disclaim any\nobligation to do so. Accordingly, undue reliance should not be placed upon\nthese statements.\n\nIn addition, statements that “we believe” and similar statements reflect\nChurchill XI’s beliefs and opinions on the relevant subject. These\nstatements are based upon information available to us as of the date of this\nCurrent Report on Form 8-K, and while we believe such information forms a\nreasonable basis for such statements, such information may be limited or\nincomplete, and Churchill XI’s statements should not be read to indicate\nthat we have conducted an exhaustive inquiry into, or review of, all\npotentially available relevant information. These statements are inherently\nuncertain and investors are cautioned not to unduly rely upon these\nstatements.\n\nAn investment in Churchill XI is not an investment in any of Churchill XI’s\nfounders’ or sponsors’ past investments, companies or affiliated funds.\nThe historical results of those investments are not indicative of future\nperformance of Churchill XI, which may differ materially from the performance\nof Churchill XI’s founders’ or sponsors’ past investments.\n\nParticipants in the Solicitation\n\nChurchill XI, the Company and certain of their respective directors, executive\nofficers and other members of management and employees may, under SEC rules,\nbe deemed to be participants in the solicitation of proxies from Churchill\nXI’s shareholders in connection with the proposed transaction. Information\nregarding the persons who may, under SEC rules, be deemed participants in the\nsolicitation of Churchill XI’s shareholders in connection with the proposed\ntransaction will be set forth in proxy statement/prospectus statement when it\nis filed by Churchill XI with the SEC. You can find more information about\nChurchill XI’s directors and executive officers in Churchill XI’s final\nprospectus related to its initial public offering filed with the SEC on\nDecember 16, 2025. Additional information regarding the participants in the\nproxy solicitation and a description of their direct and indirect interests\nwill be included in the proxy statement/prospectus statement when it becomes\navailable. Shareholders, potential investors and other interested persons\nshould read the proxy statement/prospectus statement carefully when it becomes\navailable before making any voting or investment decisions. You may obtain\nfree copies of these documents from the sources described above.\n\nNo Offer or Solicitation\n\nThis press release does not constitute an offer to sell or the solicitation of\nan offer to buy any securities, or a solicitation of any vote or approval, nor\nshall there be any sale of securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. This press release is not,\nand under no circumstances is to be construed as, a prospectus, an\nadvertisement or a public offering of the securities described herein in the\nUnited States or any other jurisdiction. No offer of securities shall be made\nexcept by means of a prospectus meeting the requirements of Section 10 of the\nSecurities Act, or exemptions therefrom. INVESTMENT IN ANY SECURITIES\nDESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY\nAUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE\nOFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY\nREPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260624555633/en/\n(https://www.businesswire.com/news/home/20260624555633/en/)\n\nMedia:\n\nScott Bisang / David Feldman\n\nAgility-CS@collectedstrategies.com (mailto:Agility-CS@collectedstrategies.com)\n\nInvestors:\n\nAnthony Rozmus\n\ninvestor-relations@agilityrobotics.com\n(mailto:investor-relations@agilityrobotics.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwRQBB5a","title":"Agility Robotics to Go Public Through $2.5 Billion Merger with Churchill Capital Corp XI","author":"Business Wire","ticker":"CCXI","created":"2026-06-24T10:00:00.410Z","tickers":["CCXI"],"exchange":"NASDAQ","article_body":"Agility Robotics to Go Public Through $2.5 Billion Merger with Churchill\nCapital Corp XI\n\nTransaction expected to create the only U.S. publicly listed pure-play\nhumanoid company with proven, active commercial deployments\n\n\n * Operating today in commercial environments with leading enterprises including\nSchaeffler, GXO, Toyota Motor Manufacturing Canada.\n\n * Supported by leading strategic investors and partners across the AI,\ntechnology, VC, and industrial ecosystem, including DCVC, NVIDIA, Amazon,\nSoftBank Vision Fund 2, Foxconn, Schaeffler, Abico, and Playground Global.\n\n * Digit v5 is designed to be the world’s first AI-enabled cooperatively safe\nhumanoid robot; Agility’s vertically integrated platform is general-purpose\nand built for scaled deployment.\n\n * Strong commercial momentum with more than $300 million of multi-year\ncontracted Digit v5 orders secured to date.\n\n * $2.5 billion pre-money equity value and more than $620 million of expected\ngross transaction proceeds, including approximately $200 million of\nincremental financing via a common stock PIPE committed at $10 per share from\nleading existing and new institutional investors.\n\n * Proceeds will support fulfillment of existing customer orders, expansion of\ncommercial deployments, scaling of Digit v5 production, and continued\ninvestment in Agility’s integrated platform.\n\n * Company to host a conference call today at 8:30 AM Eastern Standard Time.\nVisit \nwww.agilityrobotics.com/investors\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.agilityrobotics.com%2Finvestors&esheet=54559566&newsitemid=20260624555633&lan=en-US&anchor=www.agilityrobotics.com%2Finvestors&index=1&md5=de4ac5f4192b594aa84b5284cd922d18)\n\nfor more information.\n\nAgility Robotics, Inc. (“Agility” or the “Company”), a leading\nhumanoid robotics and physical AI company, and Churchill Capital Corp XI\n(NASDAQ: CCXI) (“Churchill”), a publicly traded special purpose\nacquisition company, today announced they have entered into a definitive\nbusiness combination agreement (the “Transaction”). Upon closing of the\nTransaction, the combined company is expected to operate as Agility and be\nlisted on a major North American exchange under the ticker symbol “AGLT.”\n\nAgility’s mission is to build robot partners that augment the human\nworkforce and lead the adoption of humanoids everywhere. Its flagship humanoid\nrobot, Digit, is a general-purpose, human-centric robot Made for Work™ and\ncurrently operating in manufacturing, distribution, and logistics environments\nto fill chronic physical labor shortages. Through more than a decade of\ndevelopment, Agility has established itself as one of the only humanoid\nrobotics companies with multiple years of operational experience in real\ncustomer environments. The Company is supported by leading strategic investors\nand partners across the AI, technology, VC, and industrial ecosystem,\nincluding DCVC, NVIDIA, Amazon, SoftBank Vision Fund 2, Schaeffler, Foxconn,\nAbico, and Playground Global.\n\n“Churchill Capital is proud to partner with companies that are shaping the\nfuture of technology and commerce,” said Michael Klein, Chairman and CEO of\nChurchill Capital Corp XI. “Agility is a humanoid first mover with proven\ntechnology, real-world deployments, and the trust of some of the world’s\nmost demanding enterprises. We are excited to support Peggy, Jonathan, and the\nAgility team as they scale deployment of Digit, extend their leadership in\nphysical AI, and create enduring value for shareholders.”\n\nDigit Is Made for Work™\n\nPeggy Johnson, CEO of Agility Robotics, said, “Humanoid robots are a\ncritical driver of American technology leadership and the future of global\nindustry. With category-defining commercially deployed humanoid robots\noperating in real customer environments today, Agility is at the forefront of\na new era where safety-first, AI-powered technology can reliably work\nalongside people to bridge labor shortages, increase productivity, and\nstrengthen the resilience of our supply chains. We believe humanoids are at a\nmeaningful inflection point in commercial adoption, and we are focused on\nmeeting growing customer demand, expanding deployments, and advancing our\nroadmap across robotics, physical AI, safety systems, and enterprise software.\nAs adoption accelerates, we believe Agility is positioned to address a market\nopportunity across manufacturing, distribution, and logistics environments in\nthe United States that is estimated by management to be approximately $1\ntrillion.”\n\nToday, Digit is commercially deployed with leading enterprises including\nSchaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre where it\nautomates repetitive physical tasks across manufacturing, distribution, and\nlogistics operations. Through deployment commitments across nine customer\nfacilities, Digit has accumulated more than 65,000 hours of operation and\ndemonstrated the ability to operate safely and reliably in live production\nenvironments.\n\nBeyond its active deployments, Agility is working with a growing list of\nworld-class potential customers for its Customer Acceleration Program that\nhelps enterprises evaluate and prepare for large-scale humanoid adoption. The\nprogram feeds a growing pipeline of future deployments across industries and\nreflects increasing enterprise interest in humanoid adoption.\n\nAgility’s commercial deployments have generated a growing body of\nproprietary, real-world operational data that continuously improves the\nCompany’s embodied AI systems, accelerates development of new capabilities,\nand expands the range of tasks Digit can perform. The resulting data flywheel\nstrengthens Agility’s technology platform, drives innovation, and creates\nincreasing value for customers.\n\nThe Company is now preparing for the commercial launch of Digit v5, its\nnext-generation humanoid robot designed to be the world’s first\ncooperatively safe humanoid. Agility has already secured more than $300\nmillion of multi-year orders for Digit v5, subject to the realization of\ncertain contractual milestones, with a growing pipeline of over 30 customers,\nreflecting growing demand from enterprises preparing to deploy humanoid robots\nat scale.\n\nBuilding the World's First Cooperatively Safe Humanoid Robot\n\nAgility was established in 2015 by Dr. Jonathan Hurst, Dr. Damion Shelton, and\nMikhail Jones out of Oregon State University's Dynamic Robotics Laboratory.\nSince its founding, the Company has focused on advancing humanoid robotics\nfrom research and development into real-world commercial deployment, building\ndeep expertise across robotics, physical AI, safety systems, and enterprise\nautomation.\n\nJonathan Hurst, Co-Founder and Chief Robot Officer of Agility Robotics, said,\n“We set out to build robots capable of performing useful physical work in\nenvironments designed for people, and that mission has been central to Agility\nfrom day one. We believe cooperative safety is the critical unlock for scaled\nhumanoid adoption, and our next generation Digit represents an important\nmilestone toward a future where robots become trusted partners in the\nworkplace.”\n\nToday, humanoid deployment requires robots and people to operate in segregated\nenvironments. Agility believes cooperative safety – the ability for robots\nto safely work alongside people in dynamic environments – is the critical\nrequirement for broad humanoid adoption. Digit v5 is designed to be the\nworld's first cooperatively safe AI-enabled humanoid robot, enabling\ndeployment in environments where people and robots work together while\nexpanding the range of workflows that can be automated.\n\nSupporting this capability is Agility's proprietary physical AI platform,\nwhich enables Digit to perceive, understand, and interact with the physical\nworld while safely operating in complex, human-centric environments.\nReal-world deployment data continuously improves these capabilities, creating\na compounding advantage as Agility scales adoption and develops new skills.\n\nAgility's physical AI leadership is further strengthened through collaboration\nwith leading technology partners, including Google DeepMind and NVIDIA, which\nselected Agility as the launch partner for NVIDIA Halos, the industry’s\nfirst full-stack safety system for physical AI and humanoid robotics. The\ncollaboration builds upon a longstanding relationship between the companies\nand reflects a shared commitment to advancing safe deployment of physical AI\nsystems.\n\nTo support commercial scale, Agility has built the manufacturing, hardware,\nsupply chain, and deployment infrastructure required for broad enterprise\nadoption. Central to this platform is Agility Arc, the Company's cloud-based\nautomation platform, which integrates Digit into customer operations and\nenables deployment, fleet orchestration, and operational management across\nfacilities. Complementing Arc, Agility has built an integrated manufacturing\nand supply chain infrastructure, including RoboFab, its full-scale humanoid\nmanufacturing facility designed to support production of up to 10,000 units\nannually, ownership of many of Digit's highest-value hardware systems, and a\ndomestic supply chain that sources approximately 75% of Digit parts within the\nUnited States.\n\nAgility believes its combination of proven commercial deployments, growing\ncustomer demand, proprietary physical AI capabilities, cooperative safety\nleadership, and integrated deployment and manufacturing infrastructure\npositions the Company to capitalize on the growing adoption of humanoid\nrobotics.\n\nAgility is guided by a highly experienced leadership team, including CEO Peggy\nJohnson, Co-Founder & Chief Robot Officer Jonathan Hurst, Chief Business\nOfficer Daniel Diez, Chief Financial & Operating Officer Jennifer Hunter,\nChief Technology Officer Pras Velagapudi, Chief Hardware Officer Marco\nMarroquin and General Counsel and Chief People Officer Ana Lang. The executive\nteam brings together more than 80 years of commercial leadership and more than\n50 years of technical robotics experience.\n\nAttractive Transaction Structure to Accelerate Growth\n\nThe business combination values Agility at a pre-money equity value of $2.5\nbillion, providing an attractive entry point into Agility for Churchill XI\nshareholders and new investors. The Transaction is expected to provide more\nthan $620 million of gross proceeds to Agility, including:\n\n\n * $420 million of cash held in Churchill XI’s trust account (assuming no\nredemptions); and\n\n * Approximately $200 million of incremental financing via a common stock PIPE\ncommitted at $10 per share, led by Foxconn with participation from leading\nexisting and new institutional investors.\n\nAgility intends to use the proceeds from the Transaction to fulfill existing\ncustomer orders, expand commercial deployments, scale production of Digit v5,\nand continue investing in its integrated platform spanning robotics, physical\nAI, software, safety systems, and manufacturing infrastructure.\n\nDemonstrating strong alignment with public shareholders, 100% of existing\nAgility shareholders will roll their equity into the combined company. All\nexisting Agility shareholders will be locked up for 180 days at close of the\ntransaction.\n\nThe boards of directors of both Agility and Churchill XI have each unanimously\napproved the proposed business combination. The Transaction is expected to\nclose in 2026, subject to approval by Churchill XI shareholders, SEC review of\nthe registration statement on Form S-4, receipt of required regulatory\napprovals, approval by the relevant stock exchange to list the securities of\nthe combined company, and other customary closing conditions.\n\nConference Call Information\n\nThe management teams of Agility and Churchill will host an investor conference\ncall to discuss the proposed transaction and review an investor presentation\nat 8:30 a.m. ET today, June 24, 2026. Interested investors may access a live\nwebcast of the conference call by visiting www.agilityrobotics.com/investors\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.agilityrobotics.com%2Finvestors&esheet=54559566&newsitemid=20260624555633&lan=en-US&anchor=www.agilityrobotics.com%2Finvestors&index=2&md5=264b9f94476db9ab111691b5a1718e3e)\n. A replay of the call will also be made available at the same website and a\ntranscript of the call will be filed with the Securities and Exchange\nCommission.\n\nAdvisors\n\nCitigroup Global Markets Inc. is serving as exclusive capital markets advisor\nand lead PIPE placement agent to Churchill XI. Willkie Farr & Gallagher\nLLP is serving as transaction counsel to Churchill XI. Ocean Tomo, a part of\nJ.S. Held, is serving as financial and technical advisor to Churchill XI.\nOgier (Cayman) LLP is serving as Cayman Islands legal counsel to Churchill XI.\nRopes & Gray LLP is serving as legal advisor to the PIPE placement agents\nand capital markets advisor to Churchill XI. Ellenoff Grossman & Schole\nLLP is serving as corporate counsel to Churchill XI.\n\nBTIG, LLC is serving as exclusive financial advisor to Agility and PIPE\nplacement agent to Churchill XI. Latham & Watkins LLP is serving as legal\nadvisor to Agility.\n\nAbout Agility\n\nAgility’s commercially deployed humanoids operate alongside teams in\nwarehouses, manufacturing facilities and distribution centers – tackling\nphysically demanding and repetitive tasks while enabling workers to focus on\nhigher-value work. With industry-leading safety standards and years of proven\ndeployment data, we're pioneering a new era of automation that enhances human\npotential. To learn more, visit www.agilityrobotics.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.agilityrobotics.com&esheet=54559566&newsitemid=20260624555633&lan=en-US&anchor=www.agilityrobotics.com&index=3&md5=b6fee771600cdc4612d8c44b06c4a24b)\n.\n\nAbout Churchill Capital Corp XI\n\nChurchill XI is a blank check company formed for the purpose of effecting a\nmerger, amalgamation, share exchange, asset acquisition, share purchase,\nreorganization or similar business combination with one or more businesses. It\nmay pursue an initial business combination target in any business or industry.\n\nAdditional Information About the Proposed Transaction and Where to Find It\n\nThe proposed transaction will be submitted to shareholders of Churchill XI for\ntheir consideration. Churchill XI intends to file a registration statement on\nForm S-4 (the “Registration Statement”) with the Securities and Exchange\nCommission (“SEC”), which will include preliminary and definitive proxy\nstatements to be distributed to Churchill XI’s shareholders in connection\nwith Churchill XI’s solicitation of proxies for the vote by Churchill XI’s\nshareholders in connection with the proposed transaction and other matters to\nbe described in the Registration Statement, as well as the prospectus relating\nto the offer of the securities to be issued to Company stockholders in\nconnection with the completion of the proposed transaction. After the\nRegistration Statement has been filed and declared effective, a definitive\nproxy statement/prospectus and other relevant documents will be mailed to\nChurchill XI shareholders as of the record date established for voting on the\nproposed transaction. Before making any voting or investment decision,\nChurchill XI and Company stockholders and other interested persons are advised\nto read, once available, the preliminary proxy statement/prospectus and any\namendments thereto and, once available, the definitive proxy\nstatement/prospectus statement, as well as other documents filed with the SEC\nby Churchill XI in connection with the proposed transaction, as these\ndocuments will contain important information about Churchill XI, the Company\nand the proposed transaction. Shareholders may obtain a copy of the\npreliminary or definitive proxy statement/prospectus statement, once\navailable, as well as other documents filed by Churchill XI with the SEC,\nwithout charge, at the SEC’s website located at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54559566&newsitemid=20260624555633&lan=en-US&anchor=www.sec.gov&index=4&md5=08b21fba6e9ef1aa025be5f1d24fcfbb)\nor by directing a written request to Churchill XI Capital Corp XI, 640 Fifth\nAvenue, 14th Floor, New York, NY 10019.\n\nForward-Looking Statements\n\nThis press release includes “forward-looking statements” within the\nmeaning of the federal securities laws. Forward-looking statements may be\nidentified by the use of words such as “estimate,” “plan,”\n“project,” “forecast,” “intend,” “will,” “expect,”\n“anticipate,” “believe,” “seek,” “target,” “continue,”\n“could,” “may,” “might,” “possible,” “potential,”\n“predict,” “should,” “would” or similar expressions that predict\nor indicate future events or trends or that are not statements of historical\nmatters, but the absence of these words does not mean that a statement is not\nforward-looking. We have based these forward-looking statements on current\nexpectations and projections about future events. These statements include\nstatements relating to, without limitation: our ability to consummate the\nproposed business combination and PIPE and the satisfaction or waiver of the\nclosing conditions set forth in the proposed business combination or PIPE\nsubscription agreements; the occurrence of any other event, change or other\ncircumstances that could give rise to the termination of the proposed business\ncombination or PIPE subscription agreements; projections of market opportunity\nand market share; estimates of customer adoption rates, market acceptance and\nusage patterns; projections regarding the Company’s future development\nplans; the timing and success of the Company’s future development plans; the\nability of the Company to implement its strategic initiatives and continue to\ninnovate its existing products and services; the potential for share price\nappreciation; the expected timing of announcement and close of the potential\ntransaction; the Company’s economic opportunity and total addressable\nmarket; the expected amount of gross transaction proceeds and the planned\npre-money valuation of the Company; expectations regarding the Company’s\nability to attract, retain and expand its customer base; the Company’s\ndeployment of proceeds from capital raising transactions; the Company’s\nexpectations concerning relationships with strategic partners, suppliers,\nregulatory bodies and other third parties; the Company’s ability to\nmaintain, protect and enhance its intellectual property; future ventures or\ninvestments in companies, products, services or technologies; development of\nfavorable regulations affecting the Company’s markets; the potential\nbenefits of the proposed transactions and expectations related to its terms\nand timing; and the potential for the combined company to increase in value.\n\nThese forward-looking statements are provided for illustrative purposes only\nand are not intended to serve as, and must not be relied on as, a guarantee,\nan assurance, a prediction or a definitive statement of fact or probability.\nActual events and circumstances are difficult or impossible to predict and\nwill differ from assumptions, many of which are beyond the control of the\nCompany and Churchill XI.\n\nThese forward-looking statements are subject to known and unknown risks,\nuncertainties and assumptions that may cause Churchill XI’s actual results,\nlevels of activity, performance or achievements to be materially different\nfrom any future results, levels of activity, performance or achievements\nexpressed or implied by such statements. Such risks and uncertainties include:\nthat the Company is pursuing an emerging technology, faces significant\ntechnical challenges and may not achieve commercialization or market\nacceptance; the Company’s historical net losses and limited operating\nhistory; the Company’s expectations regarding future financial performance,\ncapital requirements and unit economics; the Company’s use and reporting of\nbusiness and operational metrics; the Company’s competitive landscape; the\nCompany’s dependence on members of its senior management and its ability to\nattract and retain qualified personnel; the potential need for additional\nfuture financing; the Company’s ability to manage growth and expand its\noperations; potential future acquisitions or investments in companies,\nproducts, services or technologies; the Company’s reliance on strategic\npartners and other third parties; the Company’s ability to maintain, protect\nand defend its intellectual property rights; risks associated with privacy,\ndata protection or cybersecurity incidents and related regulations; the use,\nrate of adoption and regulation of artificial intelligence and machine\nlearning; uncertainty or changes with respect to laws and regulations;\nuncertainty or changes with respect to taxes, trade conditions and the\nmacroeconomic environment; the combined company’s ability to maintain\ninternal control over financial reporting and operate a public company; the\nrisk that the proposed transaction may not be completed in a timely manner or\nat all, which may adversely affect the price of Churchill XI’s securities;\nthe failure by the parties to satisfy the conditions to consummation of the\nproposed transaction, including the approval of Churchill XI’s shareholders;\nthe possibility that required regulatory approvals for the proposed\ntransaction are delayed or are not obtained, which could adversely affect the\ncombined company or the expected benefits of the proposed transaction; the\nrisk that shareholders of Churchill XI could elect to have their shares\nredeemed, leaving the combined company with insufficient cash to execute its\nbusiness plans; the level of redemptions of Churchill XI’s public\nshareholders; the ability of the Company to grow and manage growth, maintain\nrelationships with customers and retain its management and key employees;\ncosts related to the proposed transaction; the occurrence of any event, change\nor other circumstance that could give rise to the termination of the business\ncombination agreement; the outcome of any legal proceedings or government\ninvestigations that may be commenced against the Company or Churchill XI;\nfailure to realize the anticipated benefits of the proposed transaction; the\nCompany’s estimates of expenses and profitability; the evolution of the\nmarkets in which the Company competes; the ability of Churchill XI or the\ncombined company to issue equity or equity-linked securities in connection\nwith the proposed transaction or in the future; and other factors described in\nChurchill XI’s filings with the SEC. Additional information concerning these\nand other factors that may impact such forward-looking statements can be found\nin filings and potential filings by the Company, Churchill XI or the combined\ncompany resulting from the proposed transaction with the SEC, including under\nthe heading “Risk Factors.” If any of these risks materialize or\nassumptions prove incorrect, actual results could differ materially from the\nresults implied by these forward-looking statements. In addition, these\nstatements reflect the expectations, plans and forecasts of the Company’s\nand Churchill XI’s management as of the date of this Current Report on Form\n8-K; subsequent events and developments may cause their assessments to change.\nWhile the Company and Churchill XI may elect to update these forward-looking\nstatements at some point in the future, they specifically disclaim any\nobligation to do so. Accordingly, undue reliance should not be placed upon\nthese statements.\n\nIn addition, statements that “we believe” and similar statements reflect\nChurchill XI’s beliefs and opinions on the relevant subject. These\nstatements are based upon information available to us as of the date of this\nCurrent Report on Form 8-K, and while we believe such information forms a\nreasonable basis for such statements, such information may be limited or\nincomplete, and Churchill XI’s statements should not be read to indicate\nthat we have conducted an exhaustive inquiry into, or review of, all\npotentially available relevant information. These statements are inherently\nuncertain and investors are cautioned not to unduly rely upon these\nstatements.\n\nAn investment in Churchill XI is not an investment in any of Churchill XI’s\nfounders’ or sponsors’ past investments, companies or affiliated funds.\nThe historical results of those investments are not indicative of future\nperformance of Churchill XI, which may differ materially from the performance\nof Churchill XI’s founders’ or sponsors’ past investments.\n\nParticipants in the Solicitation\n\nChurchill XI, the Company and certain of their respective directors, executive\nofficers and other members of management and employees may, under SEC rules,\nbe deemed to be participants in the solicitation of proxies from Churchill\nXI’s shareholders in connection with the proposed transaction. Information\nregarding the persons who may, under SEC rules, be deemed participants in the\nsolicitation of Churchill XI’s shareholders in connection with the proposed\ntransaction will be set forth in proxy statement/prospectus statement when it\nis filed by Churchill XI with the SEC. You can find more information about\nChurchill XI’s directors and executive officers in Churchill XI’s final\nprospectus related to its initial public offering filed with the SEC on\nDecember 16, 2025. Additional information regarding the participants in the\nproxy solicitation and a description of their direct and indirect interests\nwill be included in the proxy statement/prospectus statement when it becomes\navailable. Shareholders, potential investors and other interested persons\nshould read the proxy statement/prospectus statement carefully when it becomes\navailable before making any voting or investment decisions. You may obtain\nfree copies of these documents from the sources described above.\n\nNo Offer or Solicitation\n\nThis press release does not constitute an offer to sell or the solicitation of\nan offer to buy any securities, or a solicitation of any vote or approval, nor\nshall there be any sale of securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. This press release is not,\nand under no circumstances is to be construed as, a prospectus, an\nadvertisement or a public offering of the securities described herein in the\nUnited States or any other jurisdiction. No offer of securities shall be made\nexcept by means of a prospectus meeting the requirements of Section 10 of the\nSecurities Act, or exemptions therefrom. INVESTMENT IN ANY SECURITIES\nDESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY\nAUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE\nOFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY\nREPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260624555633/en/\n(https://www.businesswire.com/news/home/20260624555633/en/)\n\nMedia:\n\nScott Bisang / David Feldman\n\nAgility-CS@collectedstrategies.com (mailto:Agility-CS@collectedstrategies.com)\n\nInvestors:\n\nAnthony Rozmus\n\ninvestor-relations@agilityrobotics.com\n(mailto:investor-relations@agilityrobotics.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-06-24T10:00:00.608110527Z","server_sent_at_ms":1782295200608},"received_at":"2026-06-24T10:00:00.797Z","source_url":"https://www.businesswire.com/news/home/20260624555633/en/"},"analysis":null,"durationMs":null,"modelName":null}}