The Deal
Churchill and Agility announced a definitive business combination agreement valuing Agility at a pre-money equity value of $2.5 billion. The transaction is expected to provide more than $620 million in gross proceeds, including $420 million from Churchill’s trust account assuming no redemptions, and approximately $200 million via a common stock PIPE committed at $10 per share, led by Foxconn with participation from existing and new institutional investors.
Upon closing, the combined company is expected to trade on a major North American exchange under the ticker symbol AGLT.
All existing Agility shareholders will roll their equity into the combined company and are subject to a 180-day lockup. The transaction is expected to close in 2026, subject to Churchill XI shareholder approval, SEC review, and other customary conditions.
What Is Agility Robotics?
