Ogier advises Churchill on closing of US$2.5 billion humanoid robotics de-SPAC with Agility Robotics

Ogier’s Corporate team in the Cayman Islands has advised Churchill Capital Corp XI on the closing of its business combination with Agility Robotics, Inc., a leading humanoid robotics and physical AI company.

The transaction marks the completion of another landmark de-SPAC for the Churchill team and an important milestone for Agility Robotics as it becomes a publicly traded company.

The transaction closed on 4 November 2026, with the post-combination company, Agility Robotics, Inc., trading on the Nasdaq Stock Market from 5 November 2026, under the ticker symbol AGLT.

The closing follows Churchill Capital Corp XI’s US$414 million upsized IPO in December 2025 and the signing of the definitive business combination agreement on 24 June 2026, demonstrating the pace and efficiency with which Churchill Capital Corp XI moved from IPO to closing with a highly differentiated target at the forefront of humanoid robotics.

The transaction valued Agility Robotics at US$2.5 billion and delivered approximately US$465 million of gross capital. This comprised approximately US$164 million from the trust account, approximately US$201 million raised through a common stock PIPE financing and US$100 million of equity funding received following the announcement of the business combination.

The Ogier team advised on Churchill Capital Corp XI's complete SPAC lifecycle, from IPO to de-SPAC, and was led by Bradley Kruger and Mike Azarnikow.

This latest transaction builds on the team’s wider work with Churchill across a series of recent IPO and de-SPAC mandates, including Churchill Capital Corp X’s US$1.8 billion business combination with Infleqtion and the respective US$414 million upsized IPOs of Churchill Capital Corp XII and XIII.

Bradley Kruger, partner in Ogier’s Corporate team in the Cayman Islands, said: 

“Congratulations to the Churchill and Agility Robotics teams on closing this transaction, which creates the only US publicly listed pure-play humanoid robotics company with proven, active commercial deployments.

“Having acted for Churchill Capital Corp XI from its IPO through to this de-SPAC, it has been a privilege to support the team at every stage, and this closing is further evidence of Churchill’s ability to identify and deliver category-defining businesses. As always, it was a pleasure working with the team at Willkie Farr & Gallagher LLP and the wider adviser groups.”

Ogier is one of the leading Cayman Islands advisers in the SPAC market and regularly supports sponsors across the full SPAC lifecycle, from IPO through to de-SPAC. In 2025, Ogier's corporate team advised on more than US$32 billion of publicly announced SPAC listings and de-SPAC transactions. 

Contact the team to find out more.