Churchill Capital Corp XI SEC Filings

Churchill Capital Corp XI entered into a material definitive agreement on August 7, 2026 by issuing an unsecured promissory note of up to $1,500,000 to its sponsor, Churchill Sponsor XI LLC, to fund working capital.

The note bears no interest and matures at the earlier of the company’s initial business combination or its liquidation. At the sponsor’s option, amounts outstanding may be converted into Conversion Units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-tenth of one warrant. Each whole warrant is exercisable for one Class A ordinary share at $11.50 per share. The Conversion Units will be identical to the private placement units issued at the IPO and will have registration rights.

Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander report beneficial ownership of 1,490,636 Class A Ordinary Shares of Churchill Capital Corp XI as of June 30, 2026. This represents 3.6% of the class, with no sole voting or dispositive power and full shared voting and shared dispositive power over these shares.

The shares are held by entities subject to voting control and investment discretion of Millennium Management LLC and/or other investment managers controlled by Millennium Group Management LLC and Mr. Englander. The reporting persons state that this structure should not, by itself, be construed as an admission of beneficial ownership. They also indicate that their holdings represent 5% or less of the class.

Churchill Capital Corp XI has an updated Schedule 13G reporting the Class A Ordinary Share holdings of RichRich Capital LLC, Huang Capital Inc., and Rich Huang. As of July 13, 2026, RichRich beneficially owned 179,026 Class A shares, and Huang Capital beneficially owned 1,330,008 Class A shares.

Rich Huang may be deemed to beneficially own an aggregate of 2,150,177 Class A shares, including 179,026 shares held by RichRich, 1,330,008 shares held by Huang Capital, and 641,143 shares held directly and through IRA accounts. Based on 41,900,000 Class A shares outstanding as of May 13, 2026, RichRich may be deemed to own less than 1% of the class, Huang Capital approximately 3.17%, and Rich Huang approximately 5.13%. Mr. Huang disclaims beneficial ownership of the shares held by RichRich and Huang Capital, though he may be deemed to share voting and dispositive power over those holdings.

Agility Robotics, a humanoid robotics and Physical AI company, announced a new 60,000-square-foot Fremont, California facility that will serve as its software and capabilities hub. Engineering teams there will train, test and advance the AI that powers its humanoid robot, Digit, complementing RoboFab manufacturing operations in Salem, Oregon. Agility plans to hire nearly 200 professionals across AI/ML software engineering and field operations.

Agility reports active humanoid deployments with Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre, and has secured more than $300 million of multi-year orders for Digit v5, subject to contractual milestones, alongside a pipeline of over 30 customers. The Fremont hub is positioned to support this demand ahead of Agility’s planned public listing via a business combination with Churchill Capital Corp XI, which would create the first publicly listed U.S. pure-play humanoid robotics company.

Churchill Capital Corp XI reports a step forward in its previously announced business combination with Agility Robotics, Inc.. Churchill and Agility confidentially submitted a draft registration statement on Form S-4 to the SEC on July 13, 2026, in connection with their Agreement and Plan of Merger and Reorganization.

The S-4 is expected to include proxy materials for Churchill Capital Corp XI shareholders and a prospectus for securities to be issued to Agility stockholders if the proposed transaction is completed. The company highlights extensive forward-looking statements and risk factors around the emerging-technology business, financing needs, regulatory approvals, shareholder redemptions and the possibility that the transaction may not close.

Churchill Capital Corp XI and Agility Robotics announced the confidential submission of a draft registration statement on Form S-4 to the SEC, marking a key step toward their previously disclosed business combination under which Agility would become a publicly traded company.

Upon closing, the combined company will operate as “Agility” and is expected to trade on a major North American exchange under the ticker “AGLT”, positioned as the only U.S. publicly listed pure-play humanoid company with proven commercial deployments. The transaction is expected to provide more than $620 million in gross proceeds, including $421 million in Churchill XI trust cash (assuming no redemptions) and approximately $201 million of incremental common stock financing. Agility plans to use proceeds to fulfill existing orders, expand deployments, scale production of its Digit v5 humanoid robot and invest in its robotics, AI, safety and manufacturing platform. Closing is targeted for 2026, subject to Churchill XI shareholder approval, SEC review of the S-4, required regulatory and exchange approvals and other customary conditions.

Churchill Capital Corp XI plans a proposed business combination with Agility Robotics, a developer of humanoid robots such as Digit used in logistics and manufacturing environments. The combination would be effected through a registration statement on Form S-4 that will include a proxy statement/prospectus for Churchill shareholders and Agility stockholders to vote on the transaction.

The disclosure highlights Agility’s focus on commercial humanoid robots deployed in warehouses and auto plants, ongoing safety work, and participation in emerging ISO standards. It also includes extensive forward-looking statements about market opportunity, transaction proceeds, pre-money valuation, PIPE investment, and strategic plans, while outlining numerous risks that could cause actual results and completion of the transaction to differ materially.

Churchill Capital Corp XI files communications describing a proposed business combination to take Agility Robotics public. The transcript states a proposed valuation of about $2.5 billion and that Agility has over $300 million in booked orders. The interview highlights operational metrics for the humanoid robot Digit, including about 65,000 hours of operation across nine states and a unit weight of ~200 pounds. The filing explains that a Registration Statement on Form S-4 will be filed and that shareholders will receive proxy/prospectus materials when available.

Churchill Capital Corp XI disclosed a transcript of an interview describing the proposed business combination to take Agility Robotics public via a SPAC, reflecting a pre-announcement valuation of $2.5 billion and an expected $620 million of gross transaction proceeds.

The transcript presents management commentary on commercialization, safety, manufacturing in Oregon, a $300 million booked revenue pipeline tied to roughly 1,000 robots, operating expense and cash-burn context, and technology details on DIGIT’s design, AI stack and deployment model.