Agility Robotics now expects about $465M from Churchill Capital XI SPAC merger
Overview
Agility Robotics and Churchill Capital Corp XI say the proposed merger should raise about $465 million, including $164 million from the trust account and $201 million from a PIPE led by Foxconn.
The figure is below the $620 million target announced in June, when the deal valued Agility at $2.5 billion. The companies expect the transaction to close on Nov. 4, subject to shareholder approval and customary closing conditions.
Written by AI from the articles below · updated Oct 30, 12:46 PM ET
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- The Robot ReportNewsAgility now expects $465 million from its SPAC merger, below the earlier $620 million target
AIAgility Robotics and Churchill Capital Corp XI say the merger should raise about $465 million, including $164 million from the trust account and $201 million from a PIPE led by Foxconn. The total is below the $620 million announced in June at a $2.5 billion valuation. Agility expects the deal to close on Nov. 4, subject to shareholder approval.
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