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Churchill Capital XI shareholders approved the merger with humanoid maker Agility Robotics, which expects to start trading on Nasdaq as AGLT on November 5 at a $2.5 billion pre-money value with about $465 million in gross capital, down from more than $620 million. Here is what the deal includes, what to watch in the numbers and why it matters for business.
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The FCC exempted robots from six companies, including Lightberry’s Lumi humanoid and OMRON’s mobile platforms, from its foreign robot ban after Department of War reviews, setting a template of software control and U.S. manufacturing for anyone selling robots in America.
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Meta has reportedly built a humanoid robot prototype called Max with Shanghai startup Fourier in about three months and started a second version, a move into home robots that lands as Tesla delays Optimus deliveries and Agility trims its SPAC raise.
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