Agility Robotics plans Nasdaq debut through SPAC merger with Churchill Capital Corp XI
Article excerpt
The Oregon humanoid robot maker is valued at $2.5 billion pre-money and expects over $620 million in gross proceeds from the deal Share Agility Robotics, the Salem, Oregon company behind the Digit warehouse robot, announced on June 24, 2026 that it will merge with Churchill Capital Corp XI, a special purpose acquisition company. If the deal closes, it would create the first publicly traded humanoid robotics company focused on real-world deployment. The merger assigns Agility a pre-money equity valuation of $2.5 billion. The combined company expects to raise over $620 million in gross proceeds. That money comes from two buckets. Approximately $421 million is expected from the SPAC’s trust, and roughly $200 million is expected from a PIPE led by Foxconn. The transaction still needs regulatory approval and shareholder votes. Agility is targeting a close in the fourth quarter of 2026. After that, the merged entity will operate as Agility Robotics, Inc. and trade on the Nasdaq under the ticker AGLT. As of May 2026, Agility had secured over $300 million in milestone-based, long-term orders for its Digit v5 robots. Much of that comes from a single customer. A three-year Robots-as-a-Service contract covers 1,000 units, meaning the customer effectively rents the robots and their upkeep rather than buying them outright. Agility also reports nine committed facility deployments. Its...
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It also plans a RoboFab manufacturing facility targeting 10,000 units of annual capacity.
