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Agility Robotics Debuts on Nasdaq After SPAC Merger
Agility Robotics debuts on Nasdaq after SPAC merger with Churchill Capital Corp XI, pulling in $465 million
Key points
- Agility merged with Churchill Capital Corp XI Corp. on Wednesday; with related financings the deal raised $465 million, excluding fees.
- Agility says Digit 5 has more than $300 million in pre-orders from customers including Toyota Motor Co. and GXO Logistics Inc.
- Digit 5 will be made at a 70,000-square-foot factory in Salem, Oregon with planned capacity of up to 10,000 robots per year.
Why it matters. Agility CEO Peggy Johnson says becoming a public company gives the firm more resources to accelerate Digit's progress and bring robots to more workplaces.
Humanoid robot maker Agility Robotics debuted on the Nasdaq after a SPAC merger with Churchill Capital Corp XI Corp. on Wednesday. The deal and related financings raised $465 million, excluding transaction fees, which Agility will use to bring its Digit 5 robot to market. Agility says it has received more than $300 million in pre-orders for Digit 5 from customers including Toyota Motor Co. and GXO Logistics Inc. Early access begins in the first half of 2027.
Latest updates
Agility Robotics Debuts on Nasdaq After SPAC Merger
Agility Robotics Inc., a humanoid robot maker, debuted on the Nasdaq after completing a merger with a special purpose acquisition company, according to SiliconANGLE. SPAC mergers offer companies an alternative route to going public compared with a traditional initial public offering. The listing gives the company access to public capital markets. Details on the valuation and first-day trading were not included in the available report. The debut adds to the wave of AI and robotics companies seeking public listings.