Agility Robotics to Go Public Through $2.5 Billion Merger with Churchill Capital Corp XI
Agility Robotics, Inc., a leading humanoid robotics and physical AI company, and Churchill Capital Corp XI (NASDAQ: CCXI) have entered into a definitive business combination agreement. The transaction values Agility at a pre-money equity value of $2.5 billion. Upon closing, the combined company will operate as Agility and list on a major North American exchange under the ticker symbol "AGLT."
The deal is expected to provide more than $620 million in gross proceeds to Agility, including $420 million from Churchill XI's trust account and approximately $200 million from a common stock PIPE led by Foxconn. All existing Agility shareholders will roll their equity into the combined company with a 180-day lockup period. The transaction's closing is anticipated in 2026, pending shareholder and regulatory approvals.
Commercial Deployments and Customer Demand
Agility's flagship humanoid robot, Digit, is already commercially deployed with leading enterprises including Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. Digit automates repetitive physical tasks across manufacturing, distribution, and logistics operations. The robot has accumulated over 65,000 hours of operation across nine customer facilities, demonstrating safe and reliable performance in live production environments.
The company's Customer Acceleration Program, which helps enterprises evaluate large-scale humanoid adoption, feeds a growing pipeline of future deployments. Agility reports a growing list of world-class potential customers, reflecting increasing enterprise interest in humanoid robotics.
Next-Generation Digit v5 and Cooperative Safety
Agility is preparing for the commercial launch of Digit v5, described as the world's first cooperatively safe humanoid robot. The company has secured over $300 million in multi-year orders for Digit v5, subject to contractual milestones, with a pipeline spanning more than 30 customers. Cooperative safety—the ability for robots to work safely alongside people in dynamic environments—is seen as critical for broad humanoid adoption.
Agility's proprietary physical AI platform enables Digit to perceive, understand, and interact with the physical world. The company collaborates with Google DeepMind and NVIDIA, which selected Agility as the launch partner for NVIDIA Halos, the first full-stack safety system for physical AI and humanoid robotics.
Manufacturing and Infrastructure
To support commercial scale, Agility has built integrated manufacturing and supply chain infrastructure, including RoboFab, a full-scale humanoid manufacturing facility designed to produce up to 10,000 units annually. The company owns many of Digit's highest-value hardware systems and sources approximately 75% of Digit parts within the United States. Agility Arc, a cloud-based automation platform, integrates Digit into customer operations and enables fleet orchestration and management.
Leadership and Strategic Backing
Agility is led by CEO Peggy Johnson, Co-Founder and Chief Robot Officer Jonathan Hurst, and a team combining over 80 years of commercial leadership and more than 50 years of technical robotics experience. The company is supported by strategic investors including DCVC, NVIDIA, Amazon, SoftBank Vision Fund 2, Schaeffler, Foxconn, Abico, and Playground Global.
"We believe humanoids are at a meaningful inflection point in commercial adoption," said Johnson. "As adoption accelerates, we believe Agility is positioned to address a market opportunity across manufacturing, distribution, and logistics environments in the United States that is estimated by management to be approximately $1 trillion."
Transaction Details and Use of Proceeds
The boards of both Agility and Churchill XI have unanimously approved the transaction. Citigroup Global Markets Inc. is serving as exclusive capital markets advisor and lead PIPE placement agent to Churchill XI. BTIG, LLC is serving as exclusive financial advisor to Agility and PIPE placement agent to Churchill XI.
Agility intends to use the proceeds to fulfill existing customer orders, expand commercial deployments, scale production of Digit v5, and continue investing in its integrated platform spanning robotics, physical AI, software, safety systems, and manufacturing infrastructure.
The source for this article is https://www.roboticstomorrow.com/news/2026/06/24/agility-robotics-to-go-public-through-25-billion-merger-with-churchill-capital-corp-xi/26773/.