Agility Robotics begins Nasdaq trading as first US pure-play legged humanoid firm

Agility Robotics, the Oregon-based maker of the Digit humanoid robot, started trading on the Nasdaq Stock Market under the ticker "AGLT" after it finished a merger with the special-purpose acquisition company (SPAC) Churchill Capital Corp XI, The Robot Report reported.

Shares opened at $11.26, higher than the $10 price used in the SPAC deal, and were at $10.30 when The Robot Report published. Churchill XI shareholders approved the transaction on Nov. 2 with more than 84% of votes cast in favor, and it closed on Nov. 4.

Funding and finances

The transaction brings roughly $465 million in gross proceeds before expenses, according to The Robot Report. The total combines about $164 million left in Churchill XI's trust account after redemptions, a $201 million private placement anchored by Foxconn, and $100 million that Agility raised once the SPAC deal had been made public. Agility had earlier projected more than $620 million if no shareholders redeemed their shares.

For 2025, the company posted revenue of $1.78 million, compared with $310,000 the year before, and a net loss of $138.1 million. Around 64% of the revenue came from related parties, and Agility finished the year holding $103 million in cash. TechCrunch reported that the company's revenue in the first six months of 2026 was small and came mostly from related parties.

Digit deployments and Digit 5 orders

Agility spun out of Oregon State University in 2015. The company said Digit has operated for more than 65,000 hours at nine customer sites. Customers include AGCO, GXO Logistics, Schaeffler, Mercado Libre and Toyota Motor Manufacturing Canada, and the robot mainly moves totes in warehouses.

Agility said it holds over $300 million in multiyear orders for its next-generation Digit 5, contingent on contractual milestones and product specifications. It expects first deliveries to early-access customers in 2027.

“Digit is doing real work in customer operations today, taking on repetitive, physically demanding tasks,”

Peggy Johnson, CEO of Agility Robotics

Open questions

According to TechCrunch, Johnson said the money raised would cover current needs but did not predict it would make the company self-sustaining. TechCrunch also reported that Digit, like most current robots, cannot yet handle complex manipulation tasks.

Agility described itself as the first pure-play legged humanoid company to go public, but The Robot Report said it is unclear how long that status will hold. The company is exploring other form factors, including wheeled bases. Co-founder Jonathan Hurst said Digit likely will not get wheels, though wheeled robots are on the company's exploratory roadmap.

Johnson also suggested Agility could license its intellectual property to other humanoid developers, which could open new revenue paths.