Agility Robotics lists on Nasdaq as AGLT after $2.5 billion SPAC merger
In brief
- Agility Robotics closed its Churchill Capital Corp XI merger on November 4, 2026.
- AGLT shares were set to begin trading on Nasdaq on November 5.
- $2.5 billion pre-money valuation set by the deal; expected gross proceeds were about $465 million before expenses.
- Agility reported $1.8 million in 2025 revenue and expected a $138 million to $140 million operating loss.
- RoboFab scale-up toward up to 10,000 Digit units a year is the earmarked use of proceeds.
How the deal is structured
Agility didn't take the traditional IPO roadshow route. It went public through a reverse merger with a special purpose acquisition company (a SPAC), and Crypto Briefing reported that the listing makes it the first publicly listed US company focused solely on humanoid robotics.
According to the companies, as reported by Crypto Briefing, the combination was expected to bring in about $465 million in gross proceeds before expenses. The SPAC trust account supplied $164 million. A PIPE financing led by Foxconn added roughly $201 million, and prior equity investments accounted for another $100 million. Existing Agility shareholders rolled 100% of their equity into the combined company.
Digit, customers and the numbers
Agility's flagship product is Digit, a bipedal humanoid built for commercial work. The company says Digit has logged more than 65,000 operating hours across nine customer sites, and it counts GXO, Schaeffler, Toyota and Amazon among those customers.
The revenue line is still small. Agility reported 2025 revenue of $1.8 million and said it expected an operating loss for the year of between $138 million and $140 million. It's also pointing to more than $300 million in multi-year orders for its next-generation Digit 5 robot (those orders are subject to milestones, so they aren't booked revenue yet).
The new money has a specific destination.
Where the capital goes
The proceeds are earmarked for expanding manufacturing at Agility's RoboFab facility, with a plan to enable production of up to 10,000 units a year. Crypto Briefing named two metrics to watch: whether the Digit 5 orders convert as milestones are met, and whether RoboFab can move from small-batch builds toward that 10,000-unit annual capacity.
The company spun out of Oregon State University in 2015, founded by researchers who'd worked on teaching robots to walk safely on two legs. It's now led by CEO Peggy Johnson, who previously worked at Magic Leap and Microsoft.
Frequently asked questions
How did Agility Robotics go public?
Agility skipped a traditional IPO roadshow and went public through a reverse merger with a SPAC, Churchill Capital Corp XI. The combination closed on November 4, 2026, and shares were set to trade on Nasdaq as AGLT from November 5, according to Crypto Briefing.
How much money did the Agility Robotics SPAC deal raise?
The combination was expected to bring in about $465 million in gross proceeds before expenses. That included $164 million from the SPAC trust account, about $201 million from a Foxconn-led PIPE and $100 million from prior equity investments, as reported by Crypto Briefing.
What will Agility Robotics do with the new capital?
The capital is earmarked for expanding manufacturing at Agility's RoboFab facility. The plan is to enable production of up to 10,000 units a year, according to Crypto Briefing's report.
