CCXI is trading 5.4% down at $15.00 in pre-market as investors continue to take profits following its sharp post-merger surge.
- The stock has entered a multi-day pullback as initial enthusiasm cools following the announced merger between Churchill Capital Corp XI and Agility Robotics.
- The deal featured a $2.5 billion pre-money valuation and is expected to provide the combined entity with over $620 million in capital.