Agility Robotics, the company behind the humanoid robot Digit, announced plans to go public through a merger with special purpose acquisition company Churchill Capital Corp XI. The deal, valued at roughly $2.5 billion, is expected to generate more than $620 million in proceeds, including about $200 million from new and existing institutional investors. The company is best known for Digit, a bipedal robot currently operating across nine customer sites, including with Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. It has also received backing from major tech firms like Amazon, Nvidia, and SoftBank Vision Fund 2.
Agility said it has secured more than $300 million in multi-year orders for its next-generation Digit v5 and has a pipeline of over 30 potential customers evaluating large-scale deployments. The company plans to use the capital from the SPAC merger to increase production capacity, fulfill existing orders, and expand to new and existing customers. "Humanoid robots are poised to become a critical driver of productivity, supply chain resilience, and American technology leadership," said Agility CEO Peggy Johnson. "With commercially deployed humanoids already operating in customer environments today, Agility is helping enterprises address labor shortages, improve efficiency, and safely integrate AI-powered automation into their operations."
The combined company is expected to trade under the ticker symbol AGLT on a North American stock exchange that has not yet been announced. Source: techcrunch
