Agility Robotics, a US-based humanoid robotics company, is set to merge with Churchill Capital Corp XI, a publicly traded special purpose acquisition company (SPAC). This merger, valued at $2.5 billion, has been unanimously approved by the boards of both companies. Upon completion, the merged entity will operate as Agility and is anticipated to list its shares on a major North American exchange under the ticker symbol “AGLT”.
The transaction is subject to several conditions including shareholder approval from Churchill, regulatory clearances, stock exchange listing authorization, and fulfillment of other customary closing conditions. The anticipated closing date for the merger is set for 2026. Once finalized, Agility Robotics is expected to receive over $620 million in gross proceeds from the merger, including $420 million from Churchill’s trust account and an additional $200 million from a private investment in public equity (PIPE) placement led by Foxconn at $10 per share.
Established in 2015 at Oregon State University’s Dynamic Robotics Laboratory, Agility Robotics specializes in developing humanoid robots for workforce automation. Their flagship product, Digit, is currently utilized in various sectors such as manufacturing, logistics, and distribution. With over 65,000 operational hours and clients like Schaeffler, Toyota Motor Manufacturing Canada, GXO, and Mercado Libre, Digit has successfully made its mark in the industry.
The merger between Agility Robotics and Churchill Capital Corp XI is expected to create the first US publicly listed pure-play humanoid robotics company with active commercial deployments. Michael Klein, the chairman and CEO of Churchill, expressed enthusiasm about the collaboration, highlighting Agility’s innovative technology, real-world applications, and partnerships with global enterprises.
Agility Robotics has secured more than $300 million in multi-year orders for its Digit v5 robot and boasts a substantial pipeline of over 30 identified customers. The company emphasizes that existing shareholders will retain their equity in the combined business post-merger and will be subject to a 180-day lock-up period thereafter.
Led by CEO Peggy Johnson and co-founder Jonathan Hurst, Agility Robotics has attracted investments from prominent firms like DCVC, Amazon, Nvidia, and SoftBank Vision Fund 2. The company has established a robust manufacturing and supply chain platform within the US, with a significant portion of Digit components being sourced domestically.
In April 2025, Agility Robotics announced plans to accelerate the large-scale production of its autonomous bipedal warehouse robots through a $400 million funding round. Peggy Johnson emphasized the critical role of humanoid robots in driving American technology leadership and enhancing global industry practices. The company’s focus remains on deploying cutting-edge, AI-powered technology that collaborates effectively with human workers to mitigate labor shortages, bolster productivity, and fortify supply chain resilience.
The original article “Agility Robotics to merge with Churchill Capital Corp XI in $2.5bn deal” was originally published by Verdict, a brand owned by GlobalData.
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