Agility Robotics announced on June 24 a merger agreement with Churchill Capital Corp XI to take the robotics company public through a SPAC transaction, with plans to list on the Nasdaq under the ticker symbol AGLT or AGTL [1, 2, 3, 4, 5, 6, 7, 8]. The deal values Agility Robotics at approximately $2.5 billion, despite some sources citing higher figures, consensus from multiple reports confirms the $2.5 billion valuation [9, 1, 10, 6].
The transaction is expected to generate more than $600 million in proceeds, combining funds from Churchill Capital's trust account and a private investment in public equity (PIPE) [1, 10, 6]. Agility Robotics intends to use the capital to expand production capacity for its latest Digit v5 humanoid robot, fulfill existing orders, and broaden commercial deployments [1, 10, 6].
Founded in 2015 as a spinout from Oregon State University, Agility Robotics is known for its bipedal humanoid robot Digit, which has been deployed across customer sites including Schaeffler, GXO, Toyota Motor Manufacturing Canada, Mercado Libre, and Amazon [1, 10, 6]. Digit robots logged over 100,000 successful package transport tasks in real-world environments by the end of 2025 [3, 4, 5, 7, 8]. The company has secured more than $300 million in multi-year orders for Digit v5 and has over 30 potential customers evaluating deployments [1, 6].
Agility Robotics recently signed a "robot as a service" deal with Toyota Motor Manufacturing Canada, planning deployments of 10 Digit units after successful tests with three robots [3, 4, 5, 6, 7, 8]. The company is also integrating NVIDIA's Halos cybersecurity and AI safety framework into the Digit robots to enhance operational safety [3, 4, 5, 6, 7, 8].
Lead SPAC sponsor Churchill Capital Corp XI is headed by Michael Klein, a former Citigroup executive with extensive Wall Street experience [10, 3, 7]. Agility Robotics counts major investors and partners such as Amazon, NVIDIA, SoftBank Vision Fund 2, DCVC, Sony, Foxconn, and Taiwan-based Canon and Nuvoton Group subsidiaries, who have collectively invested around $20 million to date [1, 10, 2, 3, 4, 5, 6, 7, 8, 11]. Canon collaborates on producing robot vision modules and expects to contribute revenues by the end of 2026 [2, 3, 4, 5, 6, 7, 8, 11].
Peggy Johnson, CEO of Agility Robotics, said, "Humanoid robots are poised to become a critical driver of productivity, supply chain resilience, and American technology leadership. With commercially deployed humanoids already operating in customer environments today, Agility is helping enterprises address labor shortages, improve efficiency, and safely integrate AI-powered automation into their operations." Co-founder Jonathan Hurst added, "The timing is right, both for our company and for the market. We're hitting now as a first mover, which is really important, and we want to be defining the humanoid industry." [1, 10]
Development of Digit v5 is expected to complete in 2026, with scaled production and commercial deployment planned for 2027 [3, 4, 5, 7, 8]. Agility Robotics aims to officially list on Nasdaq by September 2026 as part of the SPAC process [2, 3, 4, 7, 8, 11].
