The transaction is set to provide Agility with more than $620 million in gross proceeds, bolstered by $420 million from Churchill Capital’s trust accounts and $200 million in private financing led by Foxconn. These funds are earmarked for fulfilling existing contracts and accelerating the development of the company’s robotics platform. Agility is currently transitioning toward the rollout of Digit v5, marketed as the industry’s first cooperatively safe humanoid, with over $300 million in multi-year orders already secured.

Upon completion of the merger later this year, the combined entity will trade under the ticker AGLT. Existing shareholders have committed to rolling their equity into the new company, subject to a 180-day lock-up period. Both boards have cleared the agreement, setting the stage for Agility to expand its commercial footprint as it shifts from a private venture to a publicly traded enterprise.