M&A
confidence high
sentiment positive
materiality 0.80
Churchill XI holders approve Agility Robotics merger; 61.5% of Class A redeemed, ~$465M gross capital, AGLT debut Nov 5
Churchill Capital Corp XI
- Shareholders approved the business combination and all related proposals at the Nov 2, 2026 extraordinary meeting, with more than 84% of votes cast in favor.
- 25,451,804 Class A shares (~61.5% of Class A outstanding) were redeemed, removing ~$261.8M ($10.287364 per share) from the trust account.
- Expected gross capital of ~$465.1M: ~$164.1M trust proceeds, $201.0M PIPE at $10/share led by Foxconn, and $100M equity funding already received.
- Closing expected Nov 4, 2026; entity renamed Agility Robotics, Inc. after Cayman-to-Delaware domestication; AGLT and AGLTW to trade on Nasdaq from Nov 5, 2026.
- Director nominees elected: Margaret "Peggy" Johnson, Pierre Gentin, Damion Shelton, Derek Aberle and Merline Saintil; the adjournment proposal was not presented.