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Agility Robotics will merge with Churchill Capital Corp XI in a deal valuing the humanoid robot maker at $2.5 billion. The transaction is expected to generate more than $600 million in proceeds and close in late 2026.
BloombergA specialized battery manufacturer for data centers will merge with a blank-check company backed by SparkLabs Group. The deal values the battery firm at $600 million before new capital is added.
BloombergEnhanced went public through a merger with blank-check company A Paradise Acquisition, receiving a $1.2 billion enterprise valuation. The stock sank 14 percent following the debut. The transaction marks the latest SPAC deal to face immediate market pressure.