Agility Robotics Lines Up $465 Million and a Nasdaq Debut for Digit

A Humanoid Maker Heads for the Stock Market

Agility Robotics, the Oregon company behind the walking warehouse robot Digit, said on October 30 that it expects to raise about $465 million in gross proceeds as it goes public. If shareholders approve, the deal closes on November 4 and the combined company starts trading on Nasdaq a day later.

For ordinary readers, the news matters because it is a test of whether investors will back humanoid robots, machines built roughly in human shape, once they move from demos to paying jobs. Agility is one of the first such companies to try the public markets.

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Where the Money Is Coming From

The company says the total has three parts: about $164 million from the trust account of Churchill Capital Corp XI, the investment vehicle it is merging with, and about $201 million from a private share sale priced at $10 per share and led by Foxconn, the electronics manufacturer.

The remaining $100 million is equity Agility already received after the merger was announced. Existing and new institutional investors joined the Foxconn-led share sale, according to coverage of the announcement, which adds up to the roughly $465 million headline figure.

What a SPAC Deal Actually Is

Churchill Capital Corp XI is a special purpose acquisition company, or SPAC: a shell company that raises cash from the stock market first and then merges with a private business, giving that business a faster route to a public listing than a traditional initial public offering.

The structure carries a catch. Shareholders in a SPAC can pull their money out before the merger, and the smaller trust contribution here, about $164 million, suggests many chose to do so. Agility has not framed it that way, but the numbers are lower than first planned.

Smaller Than Promised, Still Large

When the deal was unveiled in June, Agility projected about $620 million in proceeds at a $2.5 billion valuation. The new estimate of $465 million is roughly a quarter smaller, though still a substantial sum for a company that has barely begun selling its robots at scale.

Existing shareholders are not cashing out. All of them roll their equity into the new company and accept a 180-day lock-up, meaning they cannot sell for about six months after closing. Those backers include NVIDIA, Amazon, SoftBank Vision Fund 2, Schaeffler and Foxconn.

Digit 5 and the Race to Work All Day

The cash is meant to carry the next version of the robot, Digit 5, which Agility unveiled last month with redesigned legs and new batteries. Early reports say it may also come with wheels, though the company has not confirmed that detail in its latest announcement.

Agility picked Nyobolt for fast charging, which it says will let robots operate more than 20 hours a day. That matters because a robot that spends hours on a charger earns less for its owner than one that keeps moving boxes between shifts.

Real Customers, Early Revenue

Digit already works at nine customer sites, according to reporting on the company, with names such as Toyota, Mercado Libre and Schaeffler on the list. AGCO plans a deployment in Kansas, and Agility is widening its partnership with logistics firm GXO into North Carolina and Tennessee.

Revenue so far is tiny. A September filing with US regulators showed $1.8 million in net sales for 2025. Agility counters that it holds more than $300 million in committed multi-year orders for Digit 5, a figure that is the company's own claim.

Why Factories and Warehouses Come First

Agility has focused on one narrow job: carrying plastic totes and bins around warehouses and factories. The work is repetitive, physically tiring and hard to staff, which makes it a practical early target for a robot that is still far less versatile than a person.

That focus is also a strategy. Rather than promising a household helper, the company is selling a machine to businesses that can measure its output in totes moved per hour, a far easier case to make to the finance teams that sign purchase orders.

The Risks Investors Are Taking

Going public brings scrutiny. A company with under $2 million in annual sales and a valuation in the billions must show that orders turn into deliveries, and delivery dates are slipping toward the future: early-access units for Digit 5 are due in the first half of 2027.

General availability is targeted for the end of 2027. Until then, results depend on current Digit models and on whether customers expand beyond pilots. The deal also still needs shareholder approval, so the November 4 closing is an expectation rather than a certainty.

What Happens Next

If the vote passes, the combined company is expected to trade under the ticker symbol AGLT on November 5. That first day will show how the market values a humanoid maker that has strong backers, large order claims and very little revenue so far.

The wider industry will be watching. A healthy debut could encourage rivals to follow Agility to the stock market, while a weak one would suggest that investors want proof of sales before paying for the promise of walking, working robots.