Agility Robotics’ $2.5B SPAC Deal Makes It the Only Listed Humanoid Firm
Agility Robotics, the Oregon-based maker of the Digit humanoid robot, is taking the Agility Robotics SPAC IPO route to the public markets announcing a definitive business combination with Churchill Capital Corp XI (NASDAQ: CCXI) that values the company at $2.5 billion pre-money. The combined company will trade under the ticker $AGLT on a major North American exchange.
The merger structured to deliver more than $620 million in gross proceeds, including $420 million from Churchill XI’s trust account assuming no redemptions and approximately $200 million in PIPE financing committed at $10 per share, led by Foxconn. Other backers in the deal include NVIDIA, Amazon, SoftBank Vision Fund 2, Schaeffler, DCVC, and Playground Global. All existing shareholders are rolling their equity into the combined company and will be locked up for 180 days post-close.
The Deal and Who’s Backing It
The timing is deliberate. NVIDIA selected Agility as the launch partner for NVIDIA Halos the industry’s first full-stack safety system for physical AI and humanoid robotics announced just days before the SPAC deal dropped. Agility will use NVIDIA IGX Thor for industrial-grade AI compute and participate in the NVIDIA Halos AI Systems Inspection Lab, ensuring Digit’s safety software and AI components meet rigorous standards before final third-party certification.
What distinguishes this Agility Robotics SPAC IPO from others in the humanoid space is commercial traction. Digit robots already deployed across nine customer facilities, accumulating more than 65,000 hours of real-world operation with clients including Amazon, GXO, Schaeffler, and Toyota Motor Manufacturing Canada. The company has secured more than $300 million in multi-year contracted Digit v5 orders to date. Proceeds from the raise will go toward fulfilling those orders, expanding deployments, and scaling Digit v5 production. The transaction remains subject to Churchill XI shareholder approval and SEC review, with closing expected before year-end.
