Churchill SPAC to merge with Agility Robotics at $2.5B pre-money valuation with $200M PIPE

Churchill Capital Corp XI

Agility Robotics acquired at $2.5B pre-money; SPAC to domesticate in Delaware and rename to Agility Robotics, Inc.
PIPE investment of ~$200M at $10.00/share from institutional investors; deal requires $200M minimum cash in trust after redemptions.
Sponsor and insiders agree not to redeem; lock-up on new shares for 180 days unless VWAP exceeds $12 for 15 trading days.
Transaction expected to close by Dec 31, 2026, subject to shareholder approvals, HSR clearance, and Nasdaq listing.

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