Agility Robotics Going Public via $2.5B SPAC Merger with Churchill Capital XI

What happened

Agility Robotics announced on June 24, 2026, a SPAC merger with Churchill Capital Corp XI at ~$2.5B pre-money equity valuation. Expected proceeds exceed $620M.

Context and impact

Agility is among the leading humanoid robotics players. Its Digit robot is already in warehouses with Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. The company holds >$300M in contracted Digit v5 orders. Backers include Nvidia, Amazon, SoftBank Vision Fund 2, and Foxconn.

Details

• ~$200M PIPE at $10/share from new and existing institutional investors
• Spun out of Oregon State University in 2015
• Customers: Schaeffler, GXO, Toyota MM Canada, Mercado Libre
• Investors: Nvidia, Amazon, SoftBank VF2, Foxconn, DCVC, Playground Global
• >$300M in multi-year Digit v5 orders