Ocean Tomo’s role as financial and technical advisor on this transaction involved a multi-disciplinary approach, allowing the team to provide comprehensive advisory services to Churchill XI, including a valuation under multiple scenarios and a fairness opinion to the board of directors. The engagement included a detailed assessment of Agility’s humanoid robotics platform and physical AI capabilities, including the next-generation Digit v5, designed to be the world’s first cooperatively safe AI-enabled humanoid robot. The Agility Robotics transaction is a clear demonstration of Ocean Tomo, a part of J.S. Held’s multi-disciplinary approach to client engagements, combining financial, technical, and intellectual property expertise to provide best in class technical and financial advisory services.

Ocean Tomo, a part of J.S. Held, served as financial and technical advisor to Churchill Capital Corp XI and issued a fairness opinion supporting the business combination with Agility Robotics. The transaction values Agility at a pre-money equity value of $2.5 billion and is expected to provide more than $620 million of gross proceeds, including approximately $200 million of incremental financing via a common stock PIPE committed at $10 per share led by Foxconn with participation from leading existing and new institutional investors. Proceeds are intended to support fulfillment of existing customer orders, expansion of commercial deployments, scaling of Digit v5 production, and continued investment in Agility’s integrated platform. Upon closing, expected in 2026, the combined company is expected to operate as Agility and trade on a major North American exchange under the ticker symbol “AGLT.”