---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-071287"
form_type: "8-K"
ticker: "CCXI"
cik: "0002074973"
company_name: "Churchill Capital Corp XI"
filed_at: "2026-06-24T11:01:01+00:00"
generated_at: "2026-06-24T11:05:22.483765+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-071287
- form_type: 8-K
- ticker: CCXI
- cik: 0002074973
- company_name: Churchill Capital Corp XI
- filed_at: 2026-06-24T11:01:01+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2074973/000121390026071287/0001213900-26-071287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2074973/000121390026071287/ea0295484-8k425_church11.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-071287
- JSON: https://secwatch.observer/filing/0001213900-26-071287.json
- Plain text: https://secwatch.observer/filing/0001213900-26-071287.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.