Ropes & Gray represented the PIPE placement agents and capital markets advisor to Churchill Capital Corp XI (NASDAQ: CCXI) in connection with the announced business combination between Churchill XI and Agility Robotics, Inc., a humanoid robotics and physical AI company. The transaction was announced on June 24.
The business combination values Agility at a pre-money equity value of $2.5 billion. Upon closing, the combined company is expected to operate as Agility.
Agility is a humanoid robotics and physical AI company whose mission is to build robot partners that augment the human workforce and lead the adoption of humanoids everywhere.
Churchill XI is a blank check company formed for the purpose of effecting a merger with one or more businesses.
The team was led by capital markets partner Paul Tropp.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.