Agility Robotics and Churchill Capital Corp XI (NASDAQ: CCXI) announced that their joint Form S-4 registration statement was declared effective by the SEC on October 13, 2026. This milestone clears a key regulatory hurdle for the proposed business combination, which aims to list Agility as the sole U.S. publicly traded pure-play humanoid robotics company with active commercial deployments.

Churchill XI has scheduled its extraordinary general meeting for November 2, 2026, where shareholders will vote on the transaction. Upon closing, expected in November 2026, the combined entity will trade under the ticker symbol AGLT. The deal is projected to generate more than $620 million in gross proceeds, comprising approximately $424 million from Churchill XI’s trust account and $200 million from a PIPE led by Foxconn.

Commercial traction and product roadmap

Agility positions itself as a leader in physical AI, leveraging over a decade of development. The company reports that earlier generations of its Digit robot have accumulated more than 65,000 hours of real-world operation across customer sites including Schaeffler, GXO, and Toyota Motor Manufacturing Canada. This operational data informs its proprietary AI models, supporting continuous improvements in robot performance and reliability.

The recently unveiled Digit 5 is engineered for cooperative safety, enabling close-proximity work with humans. Agility reports $300 million in committed orders for Digit 5, subject to contractual milestones and specifications. Early access availability is targeted for early 2027. The company also secured a Robot-as-a-Service agreement with Toyota Motor Manufacturing Canada following a successful pilot.

Capital structure and strategic partnerships

The transaction involves significant institutional backing. Beyond the trust account funds, the $200 million PIPE includes participation from existing and new investors. Strategic partners such as NVIDIA, SoftBank Vision Fund 2, and Foxconn support the venture. Agility was selected as the launch partner for NVIDIA Halos, a full-stack safety system for humanoid robotics.

Growth targets and infrastructure

Agility plans to use the proceeds to fulfill existing orders, expand deployments, and scale production at its RoboFab facility in Salem, Oregon, which has a capacity of up to 10,000 robots annually. The company opened a new development hub in Fremont, California, in July 2026.

The company outlined specific expansion goals through year-end 2027:

• Increase active customer pipeline from more than 30 to approximately 100.
• Grow committed facility deployments from nine to up to 25.

What the numbers show

The disclosed figures reveal a dependency on converting committed orders into recognized revenue. While Agility cites $300 million in committed orders for Digit 5, these are explicitly subject to the satisfaction of contractual milestones, product features, and specifications. When viewed against the $620 million total capital raise, the order book represents roughly half of the immediate liquidity injection. This suggests that while the balance sheet will be fortified by the SPAC merger, near-term revenue growth hinges critically on meeting the technical and delivery conditions attached to the Digit 5 backlog rather than just securing new contracts.

Agility Robotics and FORT Robotics have signed a memorandum of understanding (MOU) to advance the safety infrastructure of Digit 5, Agility's next-generation humanoid robot. The agreement focuses on extending cooperative safety protocols beyond the robot itself through a new offboard safety bridge.

Partnership scope and architecture

The MOU outlines a partnership that deepens a historical, multi-year engagement between the two companies. This collaboration has evolved from a single custom hardware component into an integrated, three-part safety architecture. The current framework consists of:

• A safety pendant
• On-robot communications
• Off-robot interfaces connecting Digit with external safety systems

The newly developed off-robot interface is jointly created by FORT and Agility. It is designed to extend Agility's cooperative-safety approach beyond the robot, enhancing the onboard safety architecture already planned for Digit 5.

Strategic context

Agility Robotics describes itself as a leading humanoid robotics and physical AI company. FORT Robotics positions its platform as building the Trust Layer for physical AI. The partnership aims to further advance the safety standards for Digit 5, which is engineered for cooperatively safe work at scale.