Agility Robotics goes public with Churchill Capital SPAC merger
Key takeaways
- 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.
- Agility's flagship product, Digit, is a general-purpose humanoid robot that operates in manufacturing, distribution, and logistics environments.
- 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 Robotics goes public with Churchill Capital SPAC merger Quartz · Patricia de Melo Moreira / Getty Images Colleen Cabili Wed, June 24, 2026 at 9:05 PM GMT+7 2 min read AGRO.PVT 2317.TW CCXI OKLO Agility 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.