Agility Robotics to merge with SPAC Churchill Capital Corp XI, valued at $2.5 billion

Jun 24, 2026

AI Summary

Agility Robotics plans to go public through a merger with Churchill Capital Corp XI, valuing the company at approximately $2.5 billion. The deal is expected to generate over $620 million, which will be used to enhance production and expand customer reach for its humanoid robots.

Agility Robotics, founded in 2015 and spun out of Oregon State University, is set to merge with Churchill Capital Corp XI.
The merger values Agility at around $2.5 billion and is projected to yield more than $620 million in proceeds, including $200 million from institutional investors.
The company is known for its bipedal robot, Digit, which is currently deployed at nine customer sites, including major companies like Toyota and Mercado Libre.
Agility plans to use the funds from the merger to boost production of its next-generation Digit v5, fulfill existing orders, and expand its customer base.
The company has secured over $300 million in multi-year orders for the new model and has over 30 potential customers considering large-scale deployments.
Agility's CEO, Peggy Johnson, emphasized the role of humanoid robots in enhancing productivity and addressing labor shortages.
The merged entity is expected to trade under the ticker symbol AGLT on a yet-to-be-announced North American stock exchange.

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Agility Robotics to merge with SPAC Churchill Capital Corp XI, valued at $2.5 billion

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