Agility Robotics' Digit 5 humanoid has already logged more than 65,000 operating hours across nine customer sites, including Toyota, Mercado Libre and Schaeffler. Now the company is close to turning that operating history into a Nasdaq listing. Agility and its merger partner, Churchill Capital Corp XI, announced on October 30 that the deal is expected to raise approximately $465 million in gross capital before the business combination closes on November 4, according to a The Robot Report report.
The capital stack breaks down into roughly $164 million from Churchill XI's trust account and about $201 million from a common stock PIPE priced at $10 a share and led by Foxconn, alongside existing and new institutional investors. A separate $100 million in equity funding had already come in after the business combination was first announced. Existing Agility backers include Nvidia, Amazon, SoftBank Vision Fund 2, Schaeffler, Abico, DCVC and Playground Global. A SPAC merger lets Agility combine fundraising and a stock market listing into one transaction rather than the separate steps of a traditional IPO.
A Smaller Raise, a Bigger Backlog
The $465 million figure falls short of the roughly $620 million Agility projected in June, when it first announced the SPAC deal at a $2.5 billion valuation. That gap reflects a common pattern in SPAC mergers, where redemptions by trust investors ahead of the shareholder vote shrink the cash actually delivered to the combined company.
What has not shrunk is Agility's order book. The company says it now holds more than $300 million in committed multi-year orders for Digit 5, the version of its humanoid built for warehouse and manufacturing work. Digit 5 includes redesigned legs, new batteries, and fast-charging technology developed with Nyobolt that Agility says supports more than 20 hours of operation per day. Early-access customer deliveries are planned for the first half of 2027, with general availability targeted for the end of that year.
First Pure-Play Humanoid Stock on a US Exchange
If the merger closes as planned, the combined company will trade on Nasdaq under the ticker AGLT starting Wednesday, and Agility is positioning itself as the first US publicly traded, pure-play humanoid supplier with robots already working at commercial sites. That status matters because most of its direct humanoid competitors, including Figure AI, Apptronik and Tesla's Optimus unit, remain privately held or folded into a larger public company's balance sheet.
A public listing gives Agility a currency for acquisitions and a transparency requirement that could reassure industrial customers evaluating a multi-year commitment to humanoid labor, a category still short on long-term reliability data. It also exposes the company to public market scrutiny of metrics like backlog conversion and gross margin on hardware, numbers private humanoid makers have not had to disclose.
The shareholder vote to approve the combination is scheduled for this weekend, with Churchill XI investors deciding whether to redeem shares or roll them into the merged company. Barring a delay, Agility expects to begin trading on Nasdaq within days of the close.