Churchill Capital Corp XI (CCXI) announced that the U.S. Securities and Exchange Commission (SEC) has declared effective its Form S-4 registration statement for the proposed business combination with Agility Robotics, Inc. This marks a key milestone, and a shareholder meeting has been scheduled to approve the transaction.

Key Details

  • Event: The SEC declared the S-4 registration statement effective on October 13, 2026.
  • Shareholder Meeting: An extraordinary general meeting for CCXI shareholders to vote on the merger is set for November 2, 2026.
  • Post-Merger Entity: Upon closing, the combined company will operate as Agility and is expected to trade on the Nasdaq under the ticker symbol "AGLT".
  • Transaction Proceeds: The deal is expected to provide over $620 million in gross proceeds, including approximately $424 million from CCXI's trust account (assuming no redemptions) and a $200 million PIPE investment.
  • Timeline: The business combination is expected to close in November 2026, pending shareholder approval and other customary closing conditions.