Agility Robotics plans Nasdaq debut through SPAC merger with Churchill Capital Corp XI

Agility Robotics, the Salem, Oregon company behind the Digit warehouse robot, announced on June 24, 2026 that it will merge with Churchill Capital Corp XI, a special purpose acquisition company. If the deal closes, it would create the first publicly traded humanoid robotics company focused on real-world deployment. The deal terms The merger assigns Agility a pre-money equity valuation of $2.5 billion. The combined company expects to raise over $620 million in gross proceeds. That money comes from two buckets. Approximately $421 million is expected from the SPAC’s trust, and roughly $200 million is expected from a PIPE led by Foxconn. The transaction still needs regulatory approval and shareholder votes. Agility is targeting a close in the fourth quarter of 2026. After that, the merged entity will operate as Agility Robotics, Inc. and trade on the Nasdaq under the ticker AGLT. Big orders, small revenue As of May 2026, Agility had secured over $300 million in milestone-based, long-term orders for its Digit v5 robots. Much of that comes from a single customer. A three-year Robots-as-a-Service contract covers 1,000 units, meaning the customer effectively rents the robots and their upke...