Agility Robotics expects about $465M from its SPAC deal, with Nasdaq trading as AGLT set for Nov. 5

Agility Robotics and Churchill Capital Corp XI said on Friday, Oct. 30, 2026, that the humanoid-robot maker's gross capital raise from its SPAC merger and related financings should come to about $465 million before expenses, with the deal expected to close Nov. 4 and trade on Nasdaq as "AGLT" from Nov. 5.

SPAC redemption day is when the hype meets the exit door, and the trust kept roughly $164 million. Most of the money here is Foxconn's PIPE plus cash Agility already had in hand, which is a vote of confidence from a manufacturer more than from public-market tourists. That's fine. Foxconn knows factories better than retail traders do. Still, keep the fine print in view: the $300 million in Digit 5 orders is milestone-gated future value, and the new robot doesn't reach general availability until late 2027. The first public pure-play humanoid stock will be a referendum on the whole category, starting Nov. 5.

Agility Robotics and Churchill Capital Corp XI said on Oct. 30, 2026, after Churchill XI's redemption deadline expired, that the expected gross capital raise is about $465 million before transaction expenses. A SPAC, short for special purpose acquisition company, is a company already listed on a stock exchange whose job is to merge with a private company and take it public. Gross means the total before the costs of doing the deal. A redemption deadline is the last moment the SPAC's own shareholders can take their cash back instead of staying in the merger. Those lines are the companies' joint release the same day.

The money breaks down three ways. About $164 million is still in Churchill XI's trust account, the cash the SPAC raised from public shareholders that remained after people asked for their money back. About $201 million is a common-stock PIPE committed at $10 per share. A PIPE, short for private investment in public equity, is a sale of ordinary shares to large investors at an agreed price, beside the public listing. Foxconn leads that PIPE, with existing and new institutional investors. An institutional investor is a fund or a company, not a person buying a few shares. Another $100 million is equity funding Agility had already received after the merger was announced. Equity funding means money invested in exchange for an ownership stake. Those figures and names are the release's.

Churchill XI shareholders vote at an extraordinary general meeting on Nov. 2, 2026. That is a shareholder meeting called for one decision, here the merger. Closing is expected Nov. 4, 2026. The combined company is expected to trade on Nasdaq as "AGLT" from Nov. 5, 2026. Churchill XI currently trades as CCXI. Those dates and tickers are the companies'.

The companies say Agility would be the only U.S.-listed pure-play humanoid robotics company with active commercial deployments. Pure-play means the business is that one thing, humanoid robots, rather than one division inside a larger company. A commercial deployment is a robot doing paid work at a customer, not a lab demo. That claim is the companies'.

All existing Agility shareholders roll their equity into the combined company, with a 180-day lock-up at closing. Rolling equity in means they swap their current shares for shares of the public company, instead of being paid cash to leave. A lock-up means they cannot sell those new shares for 180 days after the deal closes. Those terms are the release's.

Commercial items the release cites: an expanded deal with GXO to deploy Digit at two more facilities, an AGCO manufacturing pilot expected to start in 2027, three more manufacturing customers in paid programs, and a pipeline of more than 30 prospective customers. Digit is Agility's humanoid robot. A pilot is a trial run before a wider rollout. A pipeline, here, is the list of possible customers, not signed revenue. Those items are the companies'.

Digit 5 was unveiled on Sept. 15, 2026. Early-access deliveries are targeted for the first half of 2027, and general availability by the end of 2027. General availability means a customer can order it in the ordinary way, not only through an early program. Agility cites more than $300 million in committed multi-year Digit 5 orders, and says that figure is potential multi-year value, not current revenue. Those lines are the release's.

Backers the release lists include NVIDIA, Amazon, SoftBank Vision Fund 2, Schaeffler, Foxconn, Abico, DCVC, and Playground Global. Agility is based in Salem, Oregon. Digit has more than 65,000 hours of real-world operation. Those lines are the companies'.

The S-4 registration statement was declared effective by the U.S. Securities and Exchange Commission on Oct. 13, 2026. An S-4 is the document shareholders use to vote on a merger. Effective means the Commission has allowed that document to be used. That date is the release's.

The picture is Digit 5, the humanoid named in the release, in an official studio photo from the front. The credit is Agility Robotics.

In plain terms, Agility said on Friday that the SPAC merger and the related financings should bring in about $465 million before expenses. Most of that is a $201 million stock sale led by Foxconn, plus $100 million Agility already had, plus about $164 million left in the SPAC's trust. Shareholders vote Nov. 2. The deal is expected to close Nov. 4 and to trade as AGLT starting Nov. 5. The release does not give a valuation, a redemption percentage, or a revenue figure. The $300 million in Digit 5 orders is future value, not money already booked, and the new robot is not generally available until the end of 2027.