Agility Robotics Begins Nasdaq Trading After SPAC Merger

Agility Robotics began trading on the Nasdaq on November 5 under the ticker AGLT, a day after completing its merger with Churchill Capital Corp. XI. The company said the transaction and related financings brought in about $465 million in gross capital before expenses and set a $2.5 billion pre-money valuation. Agility is the first U.S. publicly listed company focused on humanoid robotics, according to the company and its filings. Agility plans to use the capital to expand manufacturing and bring its Digit 5 robot to market. The company says the model has more than $300 million in committed multiyear orders. Those commitments depend on contractual milestones and product specifications, and the company has not identified the buyers in its public statements described in the reports. The listing follows a year in which Agility reported $1.8 million in revenue and a $138.1 million net loss, according to merger filings. The filings also reported that the company used $99.8 million in cash to operate in 2025. More than half of that year’s revenue came from five robots purchased by one investor, according to the filings. Agility’s existing Digit robots have been used at customer...