Agility Robotics has agreed to go public through a merger with Churchill Capital Corp XI, a SPAC, valuing the humanoid robotics developer at a pre-money equity value of $2.5 billion. The deal is expected to generate over $620 million in gross proceeds, including about $200 million from a PIPE financing led by Foxconn. The combined company will operate as Agility and trade under the ticker AGLT.
Key takeaways
- Digit humanoid robots are already deployed in commercial environments with customers like Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre.
- Digit has logged over 65,000 hours of operation across nine customer facilities, with more than $300 million in multi-year orders for the next-gen Digit v5.
- Digit v5 aims to be the first AI-enabled cooperatively safe humanoid, supported by a proprietary physical AI platform and collaborations with Google DeepMind and Nvidia.
- RoboFab facility is designed to produce up to 10,000 humanoid robots annually, with about 75% of components sourced in the U.S.
The transaction, approved by both boards, is expected to close later this year, subject to shareholder and regulatory approvals. Agility estimates a $1 trillion market opportunity in U.S. manufacturing, distribution, and logistics.
Source: Robotics & Automation News (roboticsandautomationnews.com) · Published 2026-07-07 · “Agility Robotics to go public through $2.5 billion SPAC merger”