Insider Brief
- Agility Robotics and Churchill Capital Corp XI confidentially submitted a draft registration statement to the SEC, moving Agility closer to becoming a publicly traded humanoid robotics company.
- The filing follows Agility’s previously announced plan to go public through a merger with Churchill XI in a deal valuing the company at $2.5 billion and expected to provide more than $620 million in gross proceeds.
- Agility said proceeds from the transaction will support customer orders, expanded Digit deployments, production of Digit v5 and continued investment in robotics, physical AI, software, safety systems and manufacturing infrastructure.
Agility Robotics took another step toward becoming a public company through its planned combination with SPAC Churchill Capital Corp XI.
According to Agility and Churchill XI, they confidentially submitted a draft registration statement on Form S-4 to the U.S. Securities and Exchange Commission, marking a milestone toward completion of their previously announced business combination.
If the deal closes, the combined company will operate as Agility and is expected to list on a major North American exchange under the ticker symbol AGLT. Agility said the transaction would create the only U.S. publicly listed pure-play humanoid company with proven, active commercial deployments.
The company makes Digit, a general-purpose humanoid robot designed for work in manufacturing, distribution and logistics operations. Digit is commercially deployed with customers including Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre.
Agility indicated it is preparing for the commercial launch of Digit v5, its next-generation humanoid robot. The company described Digit v5 as an AI-enabled humanoid designed for cooperative safety.
Agility announced late last month its plans to go public through a merger with Churchill Capital Corp XI in a deal valuing the humanoid robot developer at $2.5 billion and expected to provide more than $620 million in gross proceeds. That includes $421 million of cash held in Churchill XI’s trust account, assuming no redemptions, and about $201 million of incremental financing through common stock with participation from existing and new institutional investors.
Agility plans to use the proceeds to fulfill existing customer orders, expand commercial deployments, scale production of Digit v5 and continue investing in robotics, physical AI, software, safety systems and manufacturing infrastructure.
The company is backed by investors and partners including Nvidia, Amazon, SoftBank Vision Fund 2, Schaeffler, Foxconn, Abico, DCVC and Playground Global.
The transaction is expected to close in 2026, subject to Churchill XI shareholder approval, SEC review of the registration statement, required regulatory approvals, stock-exchange approval and other customary closing conditions.
