Humanoid developer Agility now expects to raise $465M in SPAC deal

Humanoid robotics developer Agility Robotics and Churchill Capital Corp XI expect to raise approximately $465 million in a proposed SPAC merger. The gross capital raise includes funds from a trust account, a common stock PIPE led by Foxconn, and prior equity funding. Agility expects to close the transaction on November 4, subject to approvals, aiming to become a publicly traded humanoid supplier with commercial deployments. Open article →