Agility Robotics, Inc. filed a Form 8-K on November 6, 2026, reporting the November 4, 2026 closing of its business combination with Churchill Capital Corp XI and the resulting listing of its common stock and warrants on the Nasdaq Stock Market.

Key Highlights

  • Closing date: The business combination between Churchill Capital Corp XI and Legacy Agility Robotics, Inc. was consummated on November 4, 2026.
  • Shareholder vote: CCXI held an extraordinary general meeting on November 2, 2026, at which shareholders approved the merger agreement and related transactions.
  • Redemptions: Holders of 25,451,804 CCXI Class A Ordinary Shares exercised redemption rights at approximately $10.287364 per share, totaling approximately $261.8 million in the aggregate.
  • Trust Account residual: Approximately $164.1 million remained in the Trust Account following redemptions and was used, together with PIPE Investment proceeds, for transaction expenses and other purposes.
  • Shares outstanding: 242,089,880 shares of Common Stock were issued and outstanding immediately following the closing.
  • Exchange Ratio: Each share of Legacy Agility common stock was exchanged for shares of Common Stock at an Exchange Ratio of 9.202.
  • Warrants: Each whole warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share, trading on Nasdaq under the symbol AGLTW.

Agility Robotics Completes Domestication and SPAC Merger Transactions

According to the filing, Churchill Capital Corp XI previously announced on June 24, 2026 that it had entered into an Agreement and Plan of Merger and Reorganization with BLB Merger Sub, Inc. and Agility Robotics, Inc. (now known as Old Robot Holdings, Inc.), referred to as Legacy Agility. The transactions closed on November 4, 2026, with Merger Sub merging into Legacy Agility, leaving Legacy Agility as a wholly owned subsidiary of CCXI. The company disclosed that the merger "is intended to qualify as a 'reorganization' within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended."

On November 2, 2026, as part of the domestication process, CCXI filed a notice of deregistration with the Cayman Islands Registrar of Companies and filed a certificate of incorporation and a certificate of corporate domestication with the Secretary of State of Delaware, thereby converting from a Cayman Islands exempted company to a Delaware corporation and changing its name to Agility Robotics, Inc. The filing reports that immediately prior to the domestication, each outstanding CCXI Class B Ordinary Share was converted on a one-for-one basis into a CCXI Class A Ordinary Share, which in turn converted automatically into a share of Common Stock, par value $0.0001 per share. Each outstanding CCXI unit was cancelled, with holders becoming entitled to one share of Common Stock and one-tenth of one warrant, according to the filing. No fractional warrants were issued upon cancellation of the units.

The filing states that immediately prior to closing, all issued and outstanding shares of Legacy Agility preferred stock, all outstanding SAFEs, and all equity securities issued in connection with any Permitted Bridge Financing converted into shares of Legacy Agility common stock. Each resulting share of Legacy Agility common stock was then exchanged for Common Stock at the Exchange Ratio of 9.202. Legacy Agility options were assumed by the company and converted into options to purchase Common Stock using the same Exchange Ratio, with exercise prices adjusted accordingly. Common Stock now trades on NASDAQ:AGLT and warrants trade on NASDAQ:AGLTW.

What Was Disclosed

The filing reports the November 4, 2026 closing of Agility Robotics' business combination with Churchill Capital Corp XI, including shareholder approval, redemption of approximately $261.8 million in public shares, 242,089,880 shares outstanding post-closing, and the domestication of CCXI as a Delaware corporation renamed Agility Robotics, Inc.