Shareholder Approval Isn't Closing

The key point is that a SPAC vote clears one gate, not the whole path to becoming public. Churchill XI shareholders approved the merger on November 2, 2026, but the companies still described closing on November 4 and Nasdaq trading under AGLT on November 5 as expected future steps, subject to the remaining closing conditions. In practice, the company was still private until the merger legally closed and the new shares began trading.1 2 3 4

• The deal timeline had three distinct milestones. SEC effectiveness came first on October 13, 2026. Shareholder approval came next on November 2. Only after that did the companies target legal closing on November 4 and public trading on November 5.4 1 2
• That sequencing matters because SPAC transactions can still fail or slip after the vote. The November 2 announcement and related SEC filing both continued to warn that the merger could be delayed or not completed if other conditions were not satisfied.1 2 5
• For Agility, the listing was mainly about adding fresh capital to scale production, not just changing the stock ticker. The company expected about $465M of gross capital from the merger and related financings, on top of the $400M Series C at a roughly $2.12B valuation in 2025.3 6

Going forward, the important question is not whether Agility got the vote, but whether public market capital helps it turn Digit from pilot deployments into repeatable fleet rollouts. In humanoid robotics, financing is becoming a manufacturing weapon. The winners will be the companies that convert capital into deployed robots, workflow data, and lower unit costs faster than peers.6 8 9