Agility Robotics debuts via Churchill Capital XI SPAC, with shares initially surging 29% before settling at an 18% gain.
Agility Robotics, a humanoid robot manufacturer backed by Nvidia, began trading publicly through a merger with Churchill Capital Corp XI (CCXI). Shares jumped as much as 29% on the news before closing 18% higher on Wednesday.
The reverse merger with the SPAC values Agility Robotics as a player in industrial automation, targeting manufacturing and logistics sectors. Prior to the deal, the company had raised significant venture capital, including investments from tech-focused funds.
Market reaction was volatile, with the initial surge reflecting investor enthusiasm for robotics and AI-driven automation, though gains moderated by session’s end.