Agility Robotics Becomes First Pure-Play Humanoid Robot Maker Listed on Nasdaq

Agility Robotics, the Oregon-based maker of the Digit humanoid robot, started trading on the Nasdaq Stock Market on November 5 under the ticker symbol AGLT. The listing followed shareholder approval, given on November 2, of a business combination with blank-check company Churchill Capital Corp XI, which had been pursuing the deal since announcing it earlier this year.

The merger valued Agility at a pre-money equity value of $2.5 billion. After a wave of shareholder redemptions from Churchill's trust account ahead of the vote, the gross capital raised through the combination and related financing came in at roughly $465 million, down from the more than $620 million originally projected when the deal was announced. The financing included a common-stock investment led by Foxconn alongside funds from Churchill's trust.

Agility says its newest robot, Digit 5, already carries more than $300 million in committed orders, subject to contractual milestones, from commercial customers. Companies named as existing Digit customers include Schaeffler, logistics firm GXO, and Toyota Motor Manufacturing Canada. The company says earlier generations of the Digit robot have together logged more than 65,000 hours of real-world operation in warehouse and logistics settings.

To meet demand, Agility has been building out a manufacturing facility it calls RoboFab, which it says is designed to produce up to 10,000 robots a year. The company expects to make Digit 5 available to early-access customers in early 2027.

The Nasdaq debut makes Agility the first company trading on a major U.S. exchange whose business is built entirely around humanoid robots, distinguishing it from larger robotics and automation players that treat humanoid platforms as one product line among several. Reports on the listing noted that the company's path to the public market came through a SPAC merger rather than a traditional IPO, a route several other robotics and autonomy startups have also taken this year.

The listing arrives as humanoid robotics draws rising investment across the industry, with rivals and suppliers racing to put general-purpose robots to work in warehouses, factories and other commercial settings. Agility's public listing gives outside investors a direct way to bet on that trend, though the reduced size of the capital raise compared with the deal's original terms reflects how choosy some shareholders have been about backing it.