Agility Robotics closes SPAC merger at $2.5B equity value; 242.1M shares outstanding post-close

Churchill Capital Corp XI

Merger with Churchill Capital Corp XI closed Nov 4, 2026; Legacy Agility holders received ~191.8M shares at a $2.5B equity value, exchange ratio 9.202, $10.287364/share.
25,451,804 Class A shares were redeemed for ~$261.8M (~$10.29/share), leaving ~$164.1M in trust; PIPE added 20,102,500 shares at $10.00 for $201.0M gross.
$100M of July 2026 SAFEs converted into ~12,960,557 shares (~5.35% of post-close); 242,089,880 shares of Common Stock outstanding at closing.
Former Legacy Agility options/RSUs assumed cover ~61.0M shares; new holders face a 180-day lock-up that lifts early if VWAP tops $12.00 for 15 days.
Company domesticated to Delaware as Agility Robotics, Inc., HQ in Salem, OR; Common Stock trades on Nasdaq as AGLT, warrants as AGLTW at $11.50 strike.

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