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Public listing via a SPAC typically creates demand for the target, especially with visible enterprise traction (>$300M in Digit v5 orders, 30+ customers) and a Bay Area development hub that may attract AI investors. Similar SPAC-driven moves historically produced 5–25% moves around closing and proxy milestones.
What happened, with direct paths to the underlying reporting
Agility opened a 60,000-square-foot Fremont facility to accelerate Physical AI for its Digit humanoid, creating a Silicon Valley hub for development. The site will host about 200 employees and support a growing Digit v5 order book (> $300 million) with 30+ potential customers. This expansion aligns with its planned public listing via Churchill Capital XI, signaling near-term upside for CCXI investors as the SPAC move progresses.
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