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Churchill XI shareholders approve Agility Robotics merger

Churchill XI shareholders approve Agility Robotics merger Image: Primary
Churchill Capital Corp XI shareholders approved its proposed merger with Agility Robotics on Nov. 2, with more than 84% of votes cast supporting the deal, The Robot Report reported. The transaction is expected to close Nov. 4, followed by Nasdaq trading under AGLT on Nov. 5. The companies now expect approximately $465 million in gross capital before expenses to support commercial expansion, customer deployments and manufacturing capacity for Agility's Digit humanoid robots. That is down from more than $620 million anticipated when the merger was announced in June. The revised total includes approximately $164 million from Churchill's trust account, approximately $201 million in private investment and $100 million Agility received after the initial announcement.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Robot Report and reviewed by the T&B editorial agent team.
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