The transaction marks another high-profile special purpose acquisition company (SPAC) listing in the robotics sector, as investors continue to bet on physical AI and automation technologies moving from pilot stages into commercial deployment.
Over $600 Million in Expected Deal Proceeds
The combined transaction is expected to generate more than $600 million in gross proceeds.
This includes approximately $420 million in cash from Churchill Capital Corp XI and an additional $200 million-plus through a common-stock private investment in public equity (PIPE), led by Taiwan-based manufacturing giant Foxconn.
Once completed, the newly listed company is expected to trade under the ticker symbol “AGLT.”
Building the Next Generation of Humanoid Robots
Based in Oregon, Agility Robotics is best known for developing commercially deployable humanoid robots called “Digit,” designed for warehouse and logistics environments.
The company describes Digit as a bipedal robot built to operate in spaces designed for humans, enabling it to perform tasks such as material handling and repetitive industrial work.
According to the report, Agility has already secured orders for a next-generation version of Digit that is currently under development. The upgraded model is expected to feature improved dexterity for handling smaller objects, along with enhanced safety systems aimed at closer human-robot interaction.
Growing Investor Appetite for Physical AI
The listing comes amid rising investor enthusiasm for robotics companies that combine artificial intelligence with real-world mechanical systems. Humanoid robotics, in particular, has emerged as a focal point for long-term automation bets across manufacturing, warehousing, and logistics sectors.
SPAC structures like the Churchill Capital Corp XI merger have increasingly been used to bring deep-tech startups to public markets, although such deals often attract scrutiny over valuation and execution risks.
Limited External Confirmation So Far
The report noted that Reuters could not immediately independently verify the transaction. Both Agility Robotics and Churchill Capital Corp XI did not respond to requests for comment outside business hours.
If completed as described, the deal would represent a significant milestone for Agility Robotics as it transitions from a venture-backed robotics developer into a publicly traded company with broader access to capital markets.