---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-116898"
form_type: "8-K"
ticker: "CCXI"
cik: "0002074973"
company_name: "Churchill Capital Corp XI"
filed_at: "2026-11-06T21:18:25+00:00"
generated_at: "2026-11-06T21:19:09.378039+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-116898
- form_type: 8-K
- ticker: CCXI
- cik: 0002074973
- company_name: Churchill Capital Corp XI
- filed_at: 2026-11-06T21:18:25+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 5.06, 9.01, 4.01, 3.02, 3.03, 5.03, 8.01, 5.01, 5.02, 5.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2074973/000121390026116898/0001213900-26-116898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2074973/000121390026116898/ea0311204-8k_churchill11.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-116898
- JSON: https://secwatch.observer/filing/0001213900-26-116898.json
- Plain text: https://secwatch.observer/filing/0001213900-26-116898.txt

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