Agility Robotics plans to go public with Churchill Capital in a SPAC merger

U.S. humanoid robot maker Agility Robotics is preparing to go public on Wall Street through a SPAC merger deal with Churchill Capital.

Agility announced Wednesday it has signed a definitive merger agreement with Churchill Capital, a blank check company backed by Wall Street dealmaker Michael Klein. The SPAC deal with Churchill Capital values the company at $2.5 billion pre-money.

Agility to trade under “AGLT” ticker

The combined entity will trade under the ticker “AGLT” on a major North American exchange. 

Agility said the deal will generate more than $620 million in gross proceeds. Roughly $420 million would come from Churchill’s trust account, with a further $200 million raised through a common-stock PIPE priced at $10 per share, according to the announcement. 

The $2.5 billion pre-money valuation represents a premium over Agility’s last private pricing. The company closed a $400 million Series C in March 2025 at a valuation of approximately $2.12 billion, and has raised more than $640 million across its funding history.

The SPAC deal remains subject to a Churchill shareholder vote and SEC review. However, both companies expect the transaction to close later in 2026.

Agility Robotics targets $1 trillion market opportunity

Agility, with its SPAC arrangement, is shooting for a market opportunity across manufacturing, distribution, and logistics environments in the U.S., which it estimates to be worth approximately $1 trillion. 

The humanlike robot maker said it plans to use proceeds from the deal to fulfill existing customer orders, scale production of its  Digit v5 robot, and expand commercial deployments, among other things.

Some of its competitors in the U.S. include Tesla, which makes Optimus, and Figure AI, which made the popular Figure 03 robot that walked side by side with the U.S. first lady, Melania Trump, during a summit at the White House, Cryptopolitan reported in March.

When completed, Agility will be the only publicly listed U.S. company focused entirely on humanoid robotics with active commercial deployments.

The company’s pitch to public-market investors rests on its paying customers, which most of its competitors lack. 

Agility’s humanoid robot Digit currently operates in manufacturing, distribution, and logistics facilities run by Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre, the companies disclosed. 

Across nine customer sites, Digit has reportedly logged more than 65,000 hours of operation.

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