Churchill Capital Corp XI filed a Form 425 on October 27, 2026, containing a transcript of Agility Robotics CEO Peggy Johnson's remarks from an October 26, 2026 Commercial Update and Investor Call discussing the proposed business combination between Churchill XI and Agility Robotics, Inc.

Key Highlights

  • GXO expansion: Agility is expanding its Digit humanoid robot deployment to 2 new U.S. sites in Statesville, North Carolina, and Lebanon, Tennessee, building on a Flowery Branch, Georgia facility where Digit has moved more than 100,000 totes.
  • $300 million order: The company disclosed a "$300 million Digit 5 order subject to contractual milestones, features, and specifications," with initial units on track to ship to early access customers in early 2027.
  • $200 million in capital: Agility secured $200 million in committed capital led by Foxconn alongside other investors.
  • Commercial pipeline: According to the filing, Agility has 30 prospective customers across active discussions, with a target of 100 customers by year-end 2027.
  • Operational hours: Digit 4 has accumulated more than 65,000 hours of real-world operational experience, according to Johnson's remarks.
  • Planned listing: Agility plans to list on NASDAQ under the ticker symbol AGLT through its combination with Churchill Capital Corporation XI, which trades under NASDAQ:CCXI.
  • Deployment targets: The company is targeting up to 25 committed customer facility deployments by year-end 2027, compared with 9 at the time of the call.

Agility Robotics Details Commercial Progress and Planned NASDAQ Listing via Churchill XI Merger

The Form 425 filing, submitted by Churchill Capital Corp XI pursuant to Rule 425 under the Securities Act of 1933, contains a transcript of remarks delivered by Peggy Johnson, CEO of Agility Robotics, Inc., on October 26, 2026. Johnson described the expansion of Agility's relationship with GXO Logistics, noting that Digit robots will support e-commerce fulfillment at the two new U.S. facilities beginning in early 2027, starting with Digit 4 and migrating to Digit 5 as it becomes available.

Johnson disclosed several additional commercial agreements in the filing. These included a signed commercial agreement with AGCO for a pilot at their Hesston, Kansas facility starting in 2027, as well as paid programs with a major global automaker, a global automotive components manufacturer, and a U.S.-based consumer products manufacturer. The filing also referenced Agility's robots-as-a-service model, noting that "a single robot can generate approximately $500,000 in revenue over five years, meaning a 50-robot deployment represents $25 million in potential revenue" under that illustrative model. Johnson acknowledged that these are company projections and described them as "aggressive goals."

Regarding defense, the filing states that Agility "is actively exploring 2 deals in the defense sector," while noting that "discussions are at an early stage and no agreements have been signed yet." Johnson also disclosed her participation as a consultant to MITRE on Project Meridian. The filing describes the planned combination with Churchill Capital Corp XI as the path to listing Agility on NASDAQ under the ticker symbol AGLT. Existing relationships with Schaeffler, Mercado Libre, and Toyota Motor Manufacturing Canada were also cited as active deployments or commercial agreements.

What Was Disclosed

Churchill Capital Corp XI filed a transcript of Agility Robotics CEO Peggy Johnson's October 26, 2026 investor call remarks, covering GXO site expansions, a $300 million Digit 5 order, $200 million in new capital, new manufacturing customer agreements, and the planned NASDAQ listing under ticker AGLT via the Churchill XI merger.