App oximately $465 millio i expected g oss capital to suppo t Agility’s busi ess pla a d accele ate comme cial deployme ts
T a sactio expected to close o Novembe 4, 2026; combi ed compa y expected to begi t adi g o Nasdaq u de ticke symbol “AGLT” o Novembe 5, 2026
NEW YORK a d SALEM, O e., Nov. 02, 2026 (GLOBE NEWSWIRE) — Chu chill Capital Co p XI (Nasdaq: CCXI) (“Chu chill XI”), a publicly t aded special pu pose acquisitio compa y, today a ou ced that its sha eholde s have app oved the p eviously a ou ced busi ess combi atio with Agility Robotics, I c. (“Agility”), a leadi g huma oid obotics a d physical AI compa y.
At a special meeti g held today, Chu chill XI sha eholde s app oved the busi ess combi atio (the “T a sactio ”) a d all elated p oposals. The T a sactio eceived ove whelmi g suppo t, with mo e tha 84% of votes cast voti g i favo .
As p eviously disclosed i the Octobe 30 a ou ceme t, Agility’s g oss capital aise i co ectio with the T a sactio a d elated fi a ci gs is expected to total app oximately $465 millio , befo e t a sactio expe ses. This i cludes: (i) app oximately $164 millio f om Chu chill XI’s t ust accou t; (ii) app oximately $201 millio f om a commo stock PIPE committed at $10 pe sha e, led by Foxco with pa ticipatio f om leadi g existi g Agility stockholde s a d ew i stitutio al i vesto s; a d (iii) $100 millio of equity fu di g al eady eceived followi g the a ou ceme t of the busi ess combi atio .
Agility is expected to e te the public ma kets well capitalized, with a clea bala ce sheet a d the esou ces to execute its pla ed i vestme ts i comme cial expa sio a d accele ate deployme ts with leadi g global e te p ise custome s. Upo closi g, Agility is expected to become the o ly U.S. publicly listed pu e-play huma oid obotics compa y with p ove , active comme cial deployme ts.
Based o sha eholde app oval of the domesticatio p oposal by Chu chill XI’s sha eholde s, Chu chill XI will cha ge its ju isdictio of i co po atio f om the Cayma Isla ds to the State of Delawa e. Upo domesticatio , the co ti ui g e tity will be e amed “Agility Robotics, I c.,” a d existi g Chu chill XI sha eholde s will hold commo stock i Agility Robotics, I c., a Delawa e co po atio .
The T a sactio a d elated PIPE fi a ci g a e expected to close o Novembe 4, 2026, subject to the satisfactio of applicable closi g co ditio s. Followi g closi g, the combi ed compa y will ope ate as Agility Robotics, I c., a d its commo stock a d wa a ts a e expected to begi t adi g o the Nasdaq Stock Ma ket u de the ticke symbols “AGLT” a d “AGLTW,” espectively, o Novembe 5, 2026.
Headqua te ed i Salem, O ego , with offices i Pittsbu gh, Pe sylva ia a d F emo t, Califo ia, Agility Robotics’ missio is to build obot pa t e s that augme t the huma wo kfo ce. Agility’s g ou db eaki g ge e al-pu pose huma oid obot, Digit, is the fi st multi-pu pose, huma -ce t ic obot that is Made fo Wo k® a d comme cially deployed today. With mo e tha 65,000 hou s of eal-wo ld ope atio combi ed with i dust y-leadi g safety sta da ds, we’ e pio ee i g a ew e a of automatio that e ha ces huma pote tial. To lea mo e, visit agility obotics.com.
Chu chill Capital Co p XI (“Chu chill XI”) is a bla k check compa y fo med fo the pu pose of effecti g a me ge , amalgamatio , sha e excha ge, asset acquisitio , sha e pu chase, eo ga izatio o simila busi ess combi atio with o e o mo e busi esses. It may pu sue a i itial busi ess combi atio ta get i a y busi ess o i dust y.
This p ess elease i cludes fo wa d-looki g stateme ts withi the mea i g of the fede al secu ities laws ega di g Agility a d Chu chill Capital Co p XI (“Chu chill XI”). Fo wa d-looki g stateme ts a e ofte ide tified by wo ds such as “estimate,” “pla ,” “p oject,” “fo ecast,” “i te d,” “will,” “expect,” “a ticipate,” “believe,” “seek,” “ta get,” “co ti ue,” “could,” “may,” “might,” “possible,” “pote tial,” “p edict,” “should” a d “would,” o simila exp essio s. The abse ce of a y of these wo ds o simila exp essio s does ot mea that a stateme t is ot fo wa d-looki g. These fo wa d-looki g stateme ts a e based o Agility’s a d Chu chill XI’s cu e t expectatio s a d p ojectio s. These stateme ts i clude stateme ts elati g to, without limitatio : Agility’s ability to develop, validate a d deploy ew Digit skills a d capabilities, i cludi g Digit 5 a d its coope ative safety capabilities; the a ticipated g oss p oceeds f om the t a sactio , i cludi g p oceeds f om Chu chill XI’s t ust accou t followi g edemptio s a d the PIPE fi a ci g; Agility’s ability to expa d its custome base, i c ease comme cial deployme ts of Digit a d suppo t existi g a d futu e custome elatio ships; the a ticipated value, fulfillme t a d timi g of custome o de s, i cludi g o de s fo Digit 5 that a e subject to co t actual milesto es; Agility’s ability to scale its ope atio s, ma ufactu i g a d se vice i f ast uctu e to suppo t g owi g custome dema d; Agility’s p epa atio to ope ate as a public compa y; Agility’s ability to co summate the p oposed busi ess combi atio with Chu chill XI, the satisfactio o waive of closi g co ditio s a d the expected timi g of closi g; the expected listi g of the combi ed compa y’s commo stock a d wa a ts o Nasdaq u de the ticke symbol “AGLT” a d “AGLTW,” espectively; a d the pote tial be efits of the p oposed t a sactio .
These fo wa d-looki g stateme ts a e p ovided fo illust ative pu poses o ly a d a e ot i te ded to se ve as, a d must ot be elied o as, a gua a tee, a assu a ce, a p edictio o a defi itive stateme t of fact o p obability. Actual eve ts a d ci cumsta ces a e difficult o impossible to p edict a d will diffe f om assumptio s, ma y of which a e beyo d the co t ol of Agility a d Chu chill XI.
These fo wa d-looki g stateme ts a e subject to k ow a d u k ow isks, u ce tai ties a d assumptio s that may cause Agility’s, Chu chill XI’s o the combi ed compa y’s actual esults, levels of activity, pe fo ma ce o achieveme ts to be mate ially diffe e t f om a y futu e esults, levels of activity, pe fo ma ce o achieveme ts exp essed o implied by such stateme ts. Such isks a d u ce tai ties i clude: that Agility is pu sui g a eme gi g tech ology, faces sig ifica t tech ical challe ges a d may ot achieve comme cializatio o ma ket accepta ce; Agility’s histo ical et losses a d limited ope ati g histo y; Agility’s expectatio s ega di g futu e fi a cial pe fo ma ce, capital equi eme ts a d u it eco omics; Agility’s use a d epo ti g of busi ess a d ope atio al met ics; Agility’s competitive la dscape; Agility’s depe de ce o membe s of its se io ma ageme t a d its ability to att act a d etai qualified pe so el; the pote tial eed fo additio al futu e fi a ci g; Agility’s ability to ma age g owth a d expa d its ope atio s; pote tial futu e acquisitio s o i vestme ts i compa ies, p oducts, se vices o tech ologies; Agility’s elia ce o st ategic pa t e s a d othe thi d pa ties; Agility’s ability to mai tai , p otect a d defe d its i tellectual p ope ty ights; isks associated with p ivacy, data p otectio o cybe secu ity i cide ts a d elated egulatio s; the use, ate of adoptio a d egulatio of a tificial i tellige ce a d machi e lea i g; u ce tai ty o cha ges with espect to laws a d egulatio s; u ce tai ty o cha ges with espect to taxes, t ade co ditio s a d the mac oeco omic e vi o me t; the combi ed compa y’s ability to mai tai i te al co t ol ove fi a cial epo ti g a d ope ate a public compa y; the isk that the p oposed t a sactio may ot be completed i a timely ma e o at all, which may adve sely affect the p ice of Chu chill XI’s secu ities; the failu e by the pa ties to satisfy the co ditio s to co summatio of the p oposed t a sactio , i cludi g the app oval of Chu chill XI’s sha eholde s; the possibility that equi ed egulato y app ovals fo the p oposed t a sactio a e delayed o a e ot obtai ed, which could adve sely affect the combi ed compa y o the expected be efits of the p oposed t a sactio ; the isk that sha eholde s of Chu chill XI could elect to have thei sha es edeemed, leavi g the combi ed compa y with i sufficie t cash to execute its busi ess pla s; the level of edemptio s of Chu chill XI’s public sha eholde s; the ability of Agility to g ow a d ma age g owth, mai tai elatio ships with custome s a d etai its ma ageme t a d key employees; costs elated to the p oposed t a sactio ; the occu e ce of a y eve t, cha ge o othe ci cumsta ce that could give ise to the te mi atio of the busi ess combi atio ag eeme t; the outcome of a y legal p oceedi gs o gove me t i vestigatio s that may be comme ced agai st Agility o Chu chill XI; failu e to ealize the a ticipated be efits of the p oposed t a sactio ; Agility’s estimates of expe ses a d p ofitability; the evolutio of the ma kets i which Agility competes; the ability of Chu chill XI o the combi ed compa y to issue equity o equity-li ked secu ities i co ectio with the p oposed t a sactio o i the futu e; a d othe facto s desc ibed i Chu chill XI’s fili gs with the Secu ities a d Excha ge Commissio (the “SEC”). Additio al i fo matio co ce i g these a d othe facto s that may impact such fo wa d-looki g stateme ts ca be fou d i fili gs a d pote tial fili gs by Agility, Chu chill XI o the combi ed compa y esulti g f om the p oposed t a sactio with the SEC, i cludi g u de the headi g “Risk Facto s.” If a y of these isks mate ialize o assumptio s p ove i co ect, actual esults could diffe mate ially f om the esults implied by these fo wa d-looki g stateme ts. I additio , these stateme ts eflect the expectatio s, pla s a d fo ecasts of Agility’s a d Chu chill XI’s ma ageme t as of the date of this p ess elease; subseque t eve ts a d developme ts may cause thei assessme ts to cha ge. While Agility a d Chu chill XI may elect to update these fo wa d-looki g stateme ts at some poi t i the futu e, they specifically disclaim a y obligatio to do so. Acco di gly, u due elia ce should ot be placed upo these stateme ts.
I additio , stateme ts that “we believe” a d simila stateme ts eflect Agility’s a d Chu chill XI’s beliefs a d opi io s o the eleva t subject. These stateme ts a e based upo i fo matio available to us as of the date of this p ess elease, a d while we believe such i fo matio fo ms a easo able basis fo such stateme ts, such i fo matio may be limited o i complete, a d Agility’s a d Chu chill XI’s stateme ts should ot be ead to i dicate that we have co ducted a exhaustive i qui y i to, o eview of, all pote tially available eleva t i fo matio . These stateme ts a e i he e tly u ce tai a d i vesto s a e cautio ed ot to u duly ely upo these stateme ts.
A i vestme t i Chu chill XI is ot a i vestme t i a y of Chu chill XI’s fou de s’ o spo so s’ past i vestme ts, compa ies o affiliated fu ds. The histo ical esults of those i vestme ts a e ot i dicative of futu e pe fo ma ce of Chu chill XI, which may diffe mate ially f om the pe fo ma ce of Chu chill XI’s fou de s’ o spo so s’ past i vestme ts.
Media: Michael Olde bu gmedia@agility obotics.comI vesto s: A tho y Rozmusi vesto – elatio s@agility obotics.com
