Agility Robotics' shares began trading on the Nasdaq stock market on Thursday, Nov. 5, under the symbol AGLT, after the company completed its merger with Churchill Capital Corp XI, Agility said. The Oregon company makes Digit, a humanoid robot, meaning one built in a human shape. Agility says the merger and the money raised alongside it brought in about $465 million before costs. It calls itself the first U.S.-listed company that only makes humanoid robots and already has them at work for customers.
Churchill was a company already listed on Nasdaq that was set up only to merge with another business and bring it onto the stock market. The $465 million includes shares sold to investors led by Foxconn and $100 million Agility says it received before the merger closed. Agility says it will use the money to fill customer orders, put more robots to work, build more Digits and keep developing its robots and the AI that runs them.
On the first day, the shares opened at $11.26, above the $10 a share price used in the merger, dipped as low as $8.40 and closed at $11.49, slightly above where they opened, on a day the Nasdaq as a whole fell 5.52%, according to a news report.
Agility says Digit already works for GXO, Schaeffler and Toyota Motor Manufacturing Canada, and that its Digit robots have logged more than 65,000 hours of work in all. Agility says it will put Digit in two more U.S. warehouses run by GXO, a logistics company, in early 2027. Agility's newest model, Digit 5, unveiled in September, is built to lift up to 50 pounds again and again, the company says. Agility plans to let early customers use it in the first half of 2027 and aims to make it widely available by the end of 2027.
Agility says it holds more than $300 million in orders for Digit 5 over several years. Those orders depend on Agility meeting goals and product requirements set in the contracts, so they are not money it has earned. Agility's factory in Salem, Oregon, is designed to make up to 10,000 robots a year, the company says, but its announcement does not say how many it builds today. The risks Agility lists include its history of losses, the chance that its robots don't catch on with buyers, and the chance that it may need to raise more money.
It is not yet clear whether Digit 5 will reach customers on Agility's 2027 schedule, or how much of the promised orders will turn into revenue.