Churchill Capital Corp XI (CCXI) reported updated ownership information following completion of its Domestication on November 2, 2026, and its Merger on November 4, 2026. Churchill Sponsor XI LLC reported beneficial ownership of 14,597,500 shares, or 6.02% of the class, including 14,525,000 shares of common stock and 72,500 shares underlying private placement warrants. M. Klein Associates, Inc. and Michael Klein reported shared voting and dispositive power over those securities. Michael Klein, the issuer’s former Chief Executive Officer, President and Chairman, may be deemed to beneficially own them and disclaims ownership except to the extent of any direct or indirect pecuniary interest.
Immediately before the Domestication, the Sponsor’s 13,800,000 Class B ordinary shares converted one-for-one into Class A ordinary shares; upon the Domestication, each Class A share converted one-for-one into issuer common stock. The Sponsor’s 725,000 private placement units then separated into one share and one-tenth of one whole warrant per unit, including 225,000 units issued upon settlement of working capital loans. The warrants converted into warrants to acquire issuer common stock and are stated to become exercisable 30 days after Merger completion.
Churchill Capital Corp XI’s sponsor, Churchill Sponsor XI LLC, converted 13,800,000 Class B ordinary shares through the domestication into common stock; its reported post-transaction position was 14,525,000 common shares. The sponsor also held 72,500 warrants to acquire common stock at an $11.50 exercise price; they become exercisable 30 days after completion of the merger and do not expire except upon liquidation. The transaction rows are dated November 2, 2026; the related merger transactions were consummated November 4, 2026. No Rule 10b5-1 plan is reported.
Churchill Capital Corp XI (CCXI) is identified as the issuer in a Form 25 notice concerning the removal of its units from listing and/or registration on Nasdaq. Nasdaq Stock Market LLC states that it complied with its rules to strike the class from listing; the notice also states that the issuer complied with requirements for voluntary withdrawal of the class from listing and registration.
Churchill Capital Corp XI (CCXI) is the subject of an amended report in which RichRich Capital LLC, Huang Capital Inc., and Rich Huang disclosed beneficial ownership of its Class A ordinary shares. As of October 28, 2026, RichRich reported 1,480,100 shares underlying call options and less than 3.34%; Huang Capital reported 612,900 shares underlying call options and approximately 1.38%. Rich Huang may be deemed to beneficially own 2,445,300 shares, approximately 5.51%, including 352,300 shares underlying call options held in his IRA. He disclaims beneficial ownership of the shares reported by the two companies. The reported percentages are based on 41,900,000 shares outstanding as of October 13, 2026, plus 2,445,300 shares underlying the reporting persons’ call options.
Churchill Capital Corp XI shareholders approved the business combination with Agility Robotics and seven related proposals at the November 2, 2026 meeting. Holders redeemed 25,451,804 Class A ordinary shares, representing approximately 61.5% of those shares outstanding as of the redemption deadline, removing approximately $261.8 million from Churchill’s trust at approximately $10.287364 per share. Agility’s gross capital raise and related financings are expected to total approximately $465.1 million before transaction expenses: $164.1 million from the trust, $201.0 million from Churchill’s private placement and $100 million of equity funding already received.
Churchill effected its domestication on November 2, 2026, and the continuing entity was renamed Agility Robotics, Inc.; existing Churchill shareholders hold common stock in Agility Robotics, Inc. rather than Cayman Islands ordinary shares. The Business Combination is expected to close promptly, subject to satisfaction or waiver of other closing conditions. The post-combination common stock and warrants are expected to begin trading on Nasdaq as AGLT and AGLTW on November 5, 2026. Nasdaq listing is a closing condition; if unmet, the Business Combination will not be consummated unless the parties waive it.
Churchill Capital Corp XI (CCXI) shareholders approved its business combination with Agility Robotics and all related proposals. Churchill effected its domestication from the Cayman Islands to Delaware on November 2, 2026, and the continuing entity was renamed Agility Robotics, Inc. More than 84% of votes cast favored the transaction.
Agility’s expected gross capital raise is approximately $465.1 million before transaction expenses: approximately $164.1 million from Churchill’s trust account, approximately $201.0 million from a PIPE committed at $10 per share, and $100 million of equity funding already received. Shareholders redeemed 25,451,804 Class A ordinary shares, approximately 61.5% of that class outstanding as of the redemption deadline, for approximately $261.8 million, or approximately $10.287364 per share, from the trust.
The transaction is expected to close on November 4, 2026, subject to applicable closing conditions. The common stock and warrants are expected to begin trading on Nasdaq under AGLT and AGLTW on November 5, 2026. Nasdaq listing is a closing condition that the parties may waive.
Churchill Capital Corp XI and Agility Robotics announced an expected gross capital raise for Agility of approximately $465 million in connection with their proposed business combination and related financings, before transaction expenses. The announced components are approximately $164 million from Churchill’s trust account, approximately $201 million from a common stock PIPE committed at $10 per share, and $100 million of equity funding already received following the combination announcement. Foxconn is leading the PIPE, with participation from existing and new institutional investors.
The combination is expected to close November 4, 2026, subject to Churchill shareholder approval at the November 2 extraordinary general meeting and customary closing conditions. At closing, all existing Agility shareholders will roll their equity into the combined company and be subject to a 180-day lock-up. The combined company is expected to operate as Agility Robotics, with common stock expected to begin trading on Nasdaq under AGLT on November 5, 2026. Agility also has more than $300 million in committed multi-year Digit 5 orders, representing potential value expected over time subject to contractual milestones, product features, and specifications; this is not current-period revenue.
Churchill Capital Corp XI (CCXI) announced that the SEC declared effective on October 13, 2026, the joint Form S-4 registration statement for its proposed business combination with Agility Robotics, Inc. Churchill XI’s shareholder meeting is scheduled for November 2, 2026. The transaction remains subject to approval by Churchill XI shareholders and other customary closing conditions and is expected to close in November 2026.
The proposed combination is expected to provide more than $620 million in gross proceeds, including approximately $424 million in Churchill XI’s trust account assuming no shareholder redemptions and approximately $200 million of incremental capital through a common stock PIPE led by Foxconn. Agility intends to use the proceeds for customer orders, commercial deployments, Digit 5 production and continued investment in its robotics and manufacturing platform. After closing, the combined company is expected to operate as Agility, with common stock expected to list on the Nasdaq Stock Market as AGLT. Agility says earlier Digit generations have logged more than 65,000 hours of real-world operation; RoboFab is designed to produce up to 10,000 robots annually.
Churchill Capital Corp XI (CCXI) furnished investor-day materials on its proposed business combination with Agility Robotics, Inc. Under the June 24, 2026 merger agreement, Churchill would continue from the Cayman Islands to Delaware, after which its wholly owned Merger Sub would merge into Agility. Agility would survive as Churchill’s wholly owned subsidiary, and Churchill would change its name to Agility Robotics, Inc. The transaction will be submitted to Churchill shareholders and remains subject to the merger agreement’s conditions.
The proposed transaction contemplates a $2.5 billion pre-money equity value and $620 million in gross proceeds. The stated plan is to use 100% of net proceeds for growth, with no cash to shareholders. Agility reports $300 million+ in committed Digit 5 orders as of May 2026, tied to 1,000 robots under a three-year Robots-as-a-Service contract and subject to the realization of certain contractual milestones. The orders represent potential multi-year value, not current-period revenue. Agility also reports 9 committed customer facility deployments and 65,000 operating hours as of May 2026.
Agility says Digit 5 remains under development and is not commercially available. A strategic rollout to existing partners is expected in the first half of 2027, with general availability expected by the end of 2027. Agility also states that it has yet to achieve positive operating cash flow and expects significant expenses and continuing losses for the foreseeable future.
Churchill Capital Corp XI (CCXI) is registering up to 280,483,196 shares of post-closing common stock for CCXI and Agility securityholders in a proposed business combination. Agility would survive as CCXI’s wholly owned subsidiary after CCXI’s proposed domestication to Delaware and renaming as Agility Robotics, Inc. Agility stockholders, option holders and convertible-security holders would receive $2.5 billion in aggregate consideration, entirely in common stock; the estimated exchange ratio is approximately 9.295 shares per Agility common share, subject to stated assumptions.
CCXI also agreed to sell PIPE investors $201,025,000 of common stock at $10.00 per share, subject to closing conditions and termination rights. Completion is conditioned on shareholder approval of the condition-precedent proposals; Agility’s closing condition includes at least $200 million in Available Closing SPAC Cash. If the combination closes, eligible public shareholders may redeem for a pro rata share of trust funds, but redemptions above 15% of public shares by a shareholder group require directors’ prior consent. The Sponsor’s 13.8 million Founder Shares, 500,000 private placement units and units issuable upon conversion of $3 million in working-capital loans may materially dilute non-redeeming shareholders.