Agility Robotics closes SPAC merger ahead of Nasdaq debut

Agility Robotics closed its SPAC merger Wednesday and is scheduled to begin trading on Nasdaq Thursday under the ticker AGLT, according to The Oregonian/OregonLive. The Salem, Oregon company makes Digit, a bipedal humanoid already working in warehouses operated by GXO Logistics.

Business Insider identified the merger partner as Churchill Capital Corp XI, a special purpose acquisition company led by Michael Klein. It reported that the transaction valued Agility’s existing equity at about $2.5 billion, with approximately $465 million in expected gross capital before expenses, including $100 million already received.

Agility’s Nasdaq debut will give public investors direct exposure to a humanoid manufacturer with commercial deployments, but still modest revenue. Business Insider reported that Digit has been deployed across nine customer facilities, including facilities belonging to Amazon, Toyota and GXO.

Digit 5 targets work near people

Digit weighs 300 pounds and can lift 50 pounds, according to OregonLive. The outlet reported that the next version, due next year, incorporates safety features intended to let it work alongside people.

Business Insider identified that version as Digit 5, which is designed to work near people without the safety barriers required by earlier versions. Agility is targeting initial deliveries in the first half of 2027 and general availability by the end of that year, the outlet reported.

The commercial opportunity is substantial but conditional. OregonLive reported that Agility says it has deals with at least seven businesses beyond GXO, is talking with more than 30 prospective customers and has $300 million in tentative orders. Business Insider, citing the company’s filing, described more than $300 million in orders for 1,000 robots from a single customer over three years, dependent on delivery deadlines and promised features. Those commitments should not be treated as booked revenue.

Revenue remains small against spending

Both outlets reported $1.8 million in revenue last year, but their loss figures differ: OregonLive put the loss at $168 million, while Business Insider cited a $138.1 million net loss from merger filings. Business Insider also reported that more than half of revenue came from five robots purchased by an investor, and that Agility used $99.8 million in operating cash during 2025.

For operators, the purchase price is only part of the calculation. According to OregonLive, Agility puts the cost of buying Digit and operating it for five years at about $400,000. The company says Digit can work 20 hours a day and argues that this makes it cheaper than employing a person for the same work.

Agility has about 500 employees, including 175 at its Salem robot factory, OregonLive reported. It is also opening a software engineering office near Silicon Valley intended to employ 200 people and expanding its Pittsburgh sales and engineering office.

Sources: oregonlive, Business Insider