Churchill Capital XI is trading 7.2% up at $16.36 in pre-market action, rebounding from a multi-day pullback following its post-merger announcement surge.
- The stock's recent volatility is tied to its planned $2.5 billion SPAC merger with Agility Robotics, a leader in bipedal robotics.
- The transaction is expected to provide over $620 million in gross proceeds, including a $200 million PIPE investment led by Foxconn.