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Morning Brief · November 3rd 2026
Updated

Agility Robotics wins its SPAC vote and starts trading Thursday as AGLT

Shareholders of Churchill Capital Corp XI approved the merger with Agility Robotics on Monday, with more than 84% of votes cast in favor, according to the 8-K filed the same day. Holders of about 44.9% of the voting power attended. The deal is expected to close on Wednesday and the combined company to start trading on Nasdaq as AGLT on Thursday, November 5th.

The money is smaller than the headline that launched the deal. Agility expects about $465 million gross: roughly $164 million left in the trust after redemptions, $201 million from a Foxconn-led PIPE at $10 a share, and $100 million it has already received. The June announcement assumed more than $620 million with no redemptions. Agility will be the only US-listed company that does nothing but humanoid robots, which means its share price becomes the sector's only public mark. SourcesAA

Where Agility's $465 million is expected to come from
Foxconn-led PIPE at $10 a share$201MChurchill XI trust after redemptions$164MEquity already received$100M
Churchill Capital Corp XI press release, November 2nd 2026. The June announcement assumed more than $620 million with no redemptions.

Sources

This story ran in the Morning Brief of November 3rd 2026.