Agility Robotics begins trading on Nasdaq as the first humanoid robot company to go public in the US

Listed through a SPAC merger

Agility Robotics, maker of the Digit humanoid, began trading on Nasdaq on Nov. 5 under the ticker AGLT, with warrants trading as AGLTW. The company merged with Churchill Capital Corp XI, a listed special purpose acquisition company (SPAC). Churchill XI shareholders approved the deal at a Nov. 2 meeting with more than 84% of votes cast in favor, and it closed on Nov. 4.

According to Bloomberg, Agility is the first dedicated humanoid company to go public in the US; China’s Unitree listed in Shanghai in August. Agility describes itself as the first US-listed pure-play humanoid company with proven commercial deployments. It spun out of an Oregon State University robotics lab in 2015 and has about 400 employees, Bloomberg reported.

The money raised and the first two days

Agility raised about $465 million before transaction expenses. About $164 million came from the SPAC’s trust account and about $201 million from a Foxconn-led private placement (PIPE) at $10 a share. The remaining $100 million was equity received after the merger was announced. The original June 24 announcement listed a $2.5 billion pre-money equity value and more than $620 million in expected gross proceeds. Shares held by existing holders and the sponsor are locked up for 180 days.

Yahoo Finance data show the stock swung between $8.40 and $12.15 on its first day before closing at $11.51. On Nov. 6 it fell 14% to $9.90, under the $10 PIPE price.

Customers, Digit 5 and losses

Digit works at sites run by GXO, Schaeffler and Toyota Motor Manufacturing Canada. At a GXO warehouse in Georgia it has moved more than 100,000 totes, and GXO will add Digit at two more US sites in early 2027. AGCO has signed up for a pilot at its Kansas plant starting in 2027.

Digit 5, unveiled in September, has more than $300 million in committed multi-year orders. The company says they depend on contractual milestones and product specifications, so the figure is not booked revenue. Separately, Agility counts a pipeline of more than 30 prospective customers. Digit 5 promises repeated lifts of up to 50 pounds, swappable end effectors, Nvidia IGX Thor compute and nine-minute charging. Early access is planned for the first half of 2027, with general availability at the end of 2027.

Filings cited by TechCrunch show revenue of just $174,000 in the first half of 2026, mostly from related parties, and a loss of $362 million. CEO Peggy Johnson would not project that the new money will make the company self-sustaining.