From SPAC Trust to a Robotics Operating Company
The Robot Report said Churchill XI shareholders approved the deal on November 2 with more than 84% of votes cast in favor, and that the transaction closed on November 4. Proceeds broke down as about $164 million from Churchill's trust after redemptions, about $201 million from a PIPE led by Foxconn, and $100 million from an equity round closed after the SPAC announcement — together about $465 million gross, short of the more than $620 million Agility had projected if no shareholders redeemed. Existing Agility holders and the Churchill sponsor face a 180-day lock-up, with early-release conditions tied to stock-price performance, per the same report.
Investor's Business Daily framed the listing as the first pure-play humanoid robotics company to trade publicly, putting Digit in the same conversation as Tesla's (TSLA) Optimus program without equating the two businesses. Agility's release said Digit already operates with customers including GXO, Schaeffler, and Toyota Motor Manufacturing Canada, with more than 65,000 hours of real-world operation.
Digit Hours, Digit 5 Orders, and Thin Revenue
Commercial color in the company release is forward-looking and milestone-based. Agility said it has more than $300 million in committed multi-year orders for Digit 5, subject to contractual milestones, product features, and specifications, with early customer access expected in the first half of 2027 and general availability targeted for the end of 2027. Digit 5 is designed for cooperatively safe work near people, with proprietary cycloidal actuators rated for repetitive lifts up to 50 pounds. The company also pointed to RoboFab, a 70,000-square-foot Salem plant designed for annual capacity of up to 10,000 robots, plus facilities in Fremont and Pittsburgh.
The financial baseline is still early-stage. The Robot Report, citing company figures, put 2025 revenue at about $1.78 million (up from $310,000 in 2024) and a net loss of about $138.1 million, with roughly 64% of that revenue from related parties and year-end cash of about $103 million. OregonLive separately cited last year's sales of about $1.8 million and a $168 million loss. Those figures matter for options traders because a thin revenue base and a multi-year delivery timeline leave day-one pricing sensitive to sentiment, lock-up calendars, and headline flow rather than next-quarter EPS.
Options Followed the Ticker: CCXI Became AGLT
OCC Information Memo 60141, dated November 4, 2026, said Churchill Capital Corporation XI would change its name, trading symbol, and CUSIP to Agility Robotics, Inc. (AGLT), CUSIP 008470106, effective November 5, and that option symbol CCXI would change to AGLT at the opening of business that day. Strike prices and other contract terms did not change. The deliverable became 100 AGLT common shares per contract. That is a corporate-action rename, not a new options listing ceremony: traders who held CCXI options woke up holding AGLT options with the same strikes and multipliers.
Warrants trade separately as AGLTW. Delayed Yahoo data midday Thursday showed AGLTW near $4.51 after a session range of about $4.20 to $8.99, a reminder that warrant chains can move much faster than the common on a debut day. Live Cboe delayed quotes for AGLT and Cboe quotes for AGLTW are the place to check bids, asks, and open interest as the first session develops.
A Wide Opening Range on Day One
StockAnalysis listed Thursday's open near $11.38 against Wednesday's $11.26 close, with the $8.40 low about 25% below that prior close and about 26% below the open. A range that wide on a newly renamed name is exactly the kind of tape that stresses short-premium structures: a short call or short put struck near Wednesday's price can go deep in the money in the first hour, while a long straddle or strangle needs the move to stick after spreads and warrant-related hedging flow settle. Because the OCC adjustment preserved strikes, any open interest that built under CCXI now marks against AGLT's post-merger price without a strike reset.
Debut sessions in SPAC combinations are often thin relative to large-cap names even when volume prints in the millions, and lock-ups mean a large share of the float is not freely selling on day one. Traders comparing the common, the warrants, and the renamed options chain are separating the commercial Digit story from the first day's liquidity. Our implied volatility guide covers how single-stock IV behaves around corporate events, and the OCC options disclosure document explains the risks of standardized options, including adjustments for mergers and symbol changes.
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*By the OptionsPilot Editorial Team. Published November 5, 2026, 12:20 PM PT. This article is for education only and is not investment advice. Options involve risk and are not suitable for all investors.*
