Mergers & AcquisitionsMedium•5 November 2026•
1 min read
Churchill Capital XI Shareholders Approve Agility Robotics Merger
Key Facts
1Shareholders approved the merger between Churchill Capital Corp. XI and humanoid robotics company Agility Robotics.
2The merged entity will have a pro forma enterprise value of $3.36 billion at the $10.00 per share offer price.
3Agility Robotics recorded just $1.78 million in sales last year with an operating loss of approximately $140 million.
Shareholders of Churchill Capital Corp. XI have approved a merger with Agility Robotics, a firm specializing in humanoid robots. Seeking Alpha reported that the combined entity will have a pro forma enterprise value of $3.36 billion at an offer price of $10.00 per share.
The merger follows a fiscal year where Agility Robotics recorded $1.78 million in sales and an operating loss of approximately $140 million. The deal aims to scale the company's operations in the industrial robotics sector, despite current fundamentals showing high cash burn and minimal revenue.