Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTColleen CabiliWed, June 24, 2026 at 4:05 PM GMT+2 2 min readAgility Robotics announced a merger agreement with Churchill Capital Corp XI on Wednesday that values the humanoid robotics company at $2.5 billion and is expected to take it public on a major North American exchange under the ticker symbol AGLT.The deal is structured as a SPAC merger with Churchill Capital Corp XI, whose sponsor Michael Klein built a reputation as one of the most active blank-check dealmakers by bringing companies including nuclear-power startup Oklo and electric vehicle manufacturer Lucid to market through the same vehicle, according to the Wall Street Journal. Foxconn, the Taiwan-based electronics contract manufacturer that already holds a stake in Agility, is leading a PIPE that together with the $420 million sitting in Churchill XI's trust account — assuming no redemptions — is expected to bring total gross proceeds to more than $620 million.All existing Agility shareholders will roll their equity into the combined company and will be subject to a 180-day lockup at close, the company said. The transaction is expected to close in 2026, subject to shareholder approval, SEC review, and other customary conditions.Agility's flagship product, Digit, is a general-purpose humanoid robot that operates in manufacturing, distribution, and logistics environments. The company said it has accumulated more than 65,000 hours of operation across nine customer facilities, with active deployments at Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. Backers include Amazon, Nvidia, SoftBank Vision Fund 2, Foxconn, and DCVC.The company said it has secured more than $300 million in multi-year orders for Digit v5, a next-generation model designed to work alongside people in shared environments rather than in segregated spaces. Agility said it plans to use transaction proceeds to fulfill existing orders, expand deployments, and scale production at its Salem, Oregon manufacturing facility, which is designed to produce up to 10,000 units annually.Nvidia announced a safety system for robots called Halos for Robotics earlier this week, selecting Agility as the first company to incorporate elements of the system into Digit.CEO Peggy Johnson — a former Microsoft executive — argued that reaching public markets ahead of rival standalone humanoid robotics firms positions Agility to capture demand from retail investors who have been eager for a way to invest directly in the sector. Agility was founded in 2015 by Dr. Jonathan Hurst, Dr. Damion Shelton, and Mikhail Jones out of Oregon State University's Dynamic Robotics Laboratory, the company said.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info