Humanoid robotics company Agility Robotics is set to enter public markets through a merger with Churchill Capital Corp XI, a transaction that values the company at $2.5 billion and positions it among the most closely watched players in the rapidly evolving robotics sector.
Agility Robotics announced it has signed a definitive agreement to merge with Churchill Capital Corp XI, a special purpose acquisition company (SPAC), in a deal expected to provide more than $620 million in gross proceeds. The combined entity is expected to operate under the Agility name and trade under the ticker symbol AGLT following the completion of the transaction.
Founded in 2015 from Oregon State University’s Dynamic Robotics Laboratory, Agility Robotics has focused on developing humanoid robots designed to perform physical tasks in manufacturing, logistics and distribution environments. Its flagship robot, Digit, is already being deployed by companies including Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre.
The company said the proceeds from the merger will be used to fulfill existing customer commitments, expand commercial deployments and increase production capacity for its next-generation humanoid robot, Digit v5. Agility has secured more than $300 million in multi-year Digit v5 orders and reports a pipeline of over 30 prospective customers evaluating large-scale deployments.
The transaction includes approximately $420 million held in Churchill XI’s trust account and about $200 million in additional financing from existing and new institutional investors. Foxconn is leading the PIPE investment, while Agility’s existing backers include NVIDIA, Amazon, SoftBank Vision Fund 2 and other strategic investors.
Agility has also emphasized safety as a key part of its robotics strategy. The company recently collaborated with NVIDIA on NVIDIA Halos, a safety platform designed for physical AI and humanoid robotics systems.
The merger, which has received unanimous approval from both companies’ boards, remains subject to shareholder approval, regulatory review and customary closing conditions. The deal is expected to close later in 2026.
Source: This article is based on an official press release issued by Agility Robotics
Agility Robotics to Go Public Through Merger with Churchill Capital Corp XI | Agility
