Agility Robotics announced on June 24, 2026, a definitive business combination agreement with Churchill Capital Corp XI, a special purpose acquisition company, in a deal that values the humanoid robotics maker at a $2.5 billion pre-money equity valuation1. The transaction is expected to generate more than $620 million in gross proceeds, including approximately $200 million from a common stock PIPE committed at $10 per share. Foxconn Technology Group is leading the PIPE investment.
The combined company is expected to trade under the ticker symbol AGLT on a major North American exchange upon closing, which is anticipated in 2026, subject to shareholder approval, SEC review, regulatory clearances, and stock exchange listing approval. Agility said the deal would create the only U.S. publicly listed pure-play humanoid company with active commercial deployments.
Agility's flagship robot, Digit, is currently operating in manufacturing, distribution, and logistics environments, with deployments at customers including Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. Digit has accumulated more than 65,000 hours of operation across nine customer facilities. The company said it has secured more than $300 million in multi-year contracted orders for Digit v5, subject to the realization of certain contractual milestones.
Digit v5 is described by Agility as designed to be the world's first cooperatively safe AI-enabled humanoid robot. The company said its vertically integrated platform is general-purpose and built for scaled deployment. Agility's full-scale manufacturing facility, RoboFab, is designed to support production of up to 10,000 units annually. The company said approximately 75% of Digit parts are sourced within the United States.
Agility's strategic investor and partner base spans the AI, technology, venture capital, and industrial sectors, including DCVC, NVIDIA, Amazon, SoftBank Vision Fund 2, Foxconn Technology Group, Schaeffler, Abico, and Playground Global. The company said Google DeepMind and NVIDIA collaborated with Agility, and that NVIDIA selected Agility as the launch partner for NVIDIA Halos.
Proceeds from the transaction are earmarked for fulfilling existing customer orders, expanding commercial deployments, scaling Digit v5 production, and continued investment in Agility's integrated platform.
Agility was established in 2015 by Jonathan Hurst, Damion Shelton, and Mikhail Jones out of Oregon State University's Dynamic Robotics Laboratory. Peggy Johnson serves as CEO. The leadership team includes Daniel Diez as Chief Business Officer, Jennifer Hunter as Chief Financial & Operating Officer, Pras Velagapudi as Chief Technology Officer, Marco Marroquin as Chief Hardware Officer, and Ana Lang as General Counsel and Chief People Officer.
ANALYSIS The SPAC route gives Agility access to public-market capital at a stage when scaling humanoid robot manufacturing is capital-intensive, and the $300 million-plus order backlog provides a revenue foundation that differentiates the listing from earlier-stage SPAC deals. The breadth of the investor roster — spanning chipmakers, cloud platforms, contract manufacturers, and industrial end-users — reflects the cross-sector supply chain required to commercialize humanoid robots at scale.