secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Capital Corp XI (CCXI)
CIK:        0002074973
Form:       8-K
Filed at:   2026-10-13T21:02:08+00:00
Accession:  0001213900-26-109077
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

SEC declares effective Churchill XI/Agility Robotics S-4; Nov 2 shareholder vote set for merger
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- SEC declared effective the Form S-4 (File No. 333-298781) on Oct 13, 2026; originally filed Sept 4, 2026; Churchill XI shareholder vote set for Nov 2, 2026 at 9:00 a.m. ET.
- Deal expected to deliver >$620M gross proceeds: ~$424M from Churchill XI's trust (assuming no redemptions) plus ~$200M PIPE led by Foxconn.
- Combined company to operate as "Agility" and list on Nasdaq under ticker AGLT; closing expected November 2026, subject to Churchill XI shareholder approval.
- Digit 5 backed by >$300M in committed orders with early access in early 2027; RoboFab designed for up to 10,000 robots annually; prior Digit generations logged 65,000+ hours.
- Customers include Schaeffler, GXO and Toyota Motor Manufacturing Canada (RaaS pilot); targets ~100 pipeline customers and up to 25 committed deployments by end-2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2074973/000121390026109077/0001213900-26-109077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2074973/000121390026109077/ea0308496-8k425_church11.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-109077

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