Playground Global
We invest somewhere between improbable and impossible. Playground is where breakthrough science turns into world-changing companies. We back the scientists and engineers redefining what's possible.
Portfolio companies (1)
Funding rounds (3)
Round size: $620M
Round size: $620M
Round size: $620M
Related news
Humanoid developer Agility now expects to raise $465M in SPAC deal
Agility Robotics Inc. says its proposed merger with Churchill Capital Corp XI is expected to generate about $465 million in gross capital, comprising $164 million from the SPAC trust, a $201 million PIPE led by Foxconn, and $100 million of equity already received. The revised total is below the $620 million forecast at a $2.5 billion valuation made when the combination was first announced in June, and the transaction is targeted to close on Nov. 4. Agility is preparing Digit 5 for early-access deliveries in the first half of 2027 and general availability by the end of 2027.
Agility Robotics And Churchill Capital Corp XI Move $620 Million SPAC Deal Toward November Vote
Agility Robotics and Churchill Capital Corp XI are moving toward completing their $620 million SPAC business combination, with the SEC declaring their Form S-4 effective on October 13, 2026 and a shareholder vote scheduled for November 2, 2026. The combined company will operate as Agility on Nasdaq under ticker AGLT, positioning it as the only U.S. publicly listed pure-play humanoid robotics company with active commercial deployments. Agility plans to use the proceeds to scale production of its Digit 5 humanoid robot at its Salem, Oregon RoboFab facility, which is designed to produce up to 10,000 robots annually, and to expand its commercial pipeline from 30+ to approximately 100 prospective customers.
Agility Robotics and Churchill Capital Corp XI S-4 Registration Statement Declared Effective by SEC in Connection with Proposed Business Combination
Agility Robotics and Churchill Capital Corp XI announced that their joint S-4 registration statement was declared effective by the SEC on October 13, 2026, advancing their proposed business combination toward closing. Churchill XI has scheduled an extraordinary general meeting for November 2, 2026 to approve the deal, which is expected to deliver more than $620 million in gross proceeds and create the only U.S. publicly listed pure-play humanoid robotics company, trading under the ticker AGLT on Nasdaq upon closing.