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Agility Robotics shareholders approve SPAC merger, Nasdaq debut set for Nov 5 - RobotHOT

Agility Robotics shareholders approve SPAC merger, Nasdaq debut set for Nov 5

Humanoid robot developer Agility Robotics won shareholder approval for its merger with SPAC Churchill Capital Corp XI, paving the way for its Nasdaq debut. More than 84% of shareholders backed the deal at a special meeting on Nov 2. The transaction is scheduled to close on Nov 4, with trading under ticker AGLT starting on Nov 5. Churchill’s shares rose nearly 14% on Nov 2. The merger is expected to provide gross proceeds of about $465 million, down from the $620 million forecast when the deal was announced in June. The original transaction valued Agility at $2.5 billion pre-money; existing Agility shareholders will roll their equity into the combined company rather than receive cash. The proceeds comprise about $164 million...

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