Agility Robotics to Raise $465M in Revised SPAC Merger Deal

By ASR Newsdesk · 30 Oct 2026, 18:00 UTC

Agility Robotics anticipates raising approximately $465 million through its merger with Churchill Capital Corp XI, a special-purpose acquisition company. This revised figure is less than the initially projected $620 million. The capital raise includes funds from Churchill XI's trust, a common stock PIPE led by Foxconn, and previously received equity funding. The company expects to close the transaction by November 4, subject to shareholder approval. Agility stated the capital will support commercial expansion and growing customer demand, positioning it to become a publicly traded, pure-play humanoid supplier with commercial deployments.