Overview
- Agility and Churchill Capital Corp XI signed a merger agreement that values the humanoid-robot maker at about $2.5 billion and will list the combined company under the ticker AGLT.
- Agility, which announced the merger on Wednesday, June 24, 2026, expects the transaction to provide over $620 million in gross proceeds from roughly $420 million in the SPAC trust and about $200 million from a Foxconn-led PIPE.
- Company filings show Digit is already operating in real customer sites with more than 65,000 hours logged across nine facilities and customers that include Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre.
- The filings also disclose that Agility is not yet profitable, reported rising operating expenses and heavy cash burn in 2025, and that more than $300 million in multi-year orders for Digit v5 are conditional on milestone achievements.
- If completed in 2026 after shareholder votes and SEC review, the deal would fund scaling at Agility’s Salem, Oregon factory and test whether the firm can manufacture at volume and convert pilots into steady revenue for warehouse workers and employers.