Agility Robotics and Churchill Capital Corp XI expect to raise approximately $465 million in gross proceeds from their proposed business combination and related financing, setting up a potential Nasdaq debut for the U.S. humanoid robotics manufacturer next week. The companies said on October 30 that the transaction is expected to close on November 4, subject to a November 2 shareholder vote and other closing conditions. Shares of the combined company are expected to begin trading under the ticker AGLT on November 5.
The updated financing figure follows the expiration of Churchill XI’s redemption deadline. It comprises approximately $164 million remaining in the SPAC’s trust account, $201 million in a common-stock private investment in public equity (PIPE) at $10 per share, and $100 million in equity funding Agility says it has already received since the business combination was announced. Foxconn leads the PIPE financing. The $465 million figure is gross of transaction expenses and remains contingent on completion of the deal.
The planned listing would bring a commercially active humanoid robotics manufacturer to the U.S. public markets. Agility’s Digit robots are already working in logistics operations, including at GXO facilities. The company recently disclosed plans to expand its GXO deployment to two additional U.S. warehouses in 2027 and to begin a manufacturing pilot with AGCO next year. It also reports paid programs with three other manufacturing customers and a pipeline of more than 30 prospective customers across several industries.
Agility says it has secured more than $300 million in committed multi-year orders for Digit 5, its latest humanoid robot, which was unveiled in September. That amount represents potential value over several years, subject to contractual milestones and product requirements, rather than recognized revenue. Early-access deliveries of Digit 5 are planned for the first half of 2027, with general availability targeted for the end of that year.
All existing Agility shareholders are expected to roll their equity into the combined company and face a 180-day lock-up after closing. The November 2 vote remains the immediate condition for the planned transaction, and the proposed November 5 trading date is not yet guaranteed.
