Agility Robotics begins trading on Nasdaq

Agility Robotics began trading on the Nasdaq stock market this morning under the ticker “AGLT,” after the company completed its merger with special purpose acquisition company, or SPAC, Churchill Capital Corp XI.

Agility shares opened at $11.26 per share, higher than the $10 per share price used in the SPAC deal. As of this writing, shares of the Salem, Oregon-based company were at $10.30.

“Today marks an important milestone for Agility, but the bigger story is about what it means for the future of work,” said Peggy Johnson, CEO of Agility Robotics. “AI is moving beyond the digital world and into the physical one, creating new possibilities for how people and machines work together. At Agility, that future is already taking shape.”

“Today, Digit does real work in customer operations, taking on repetitive and physically demanding tasks,” he added. “Becoming a public company gives us access to more resources to help accelerate that progress, bring intelligent robots to more workplaces, and help build a future where people and robots accomplish more together.”

Churchill XI shareholders approved the deal on November 2, with more than 84% voting in favor. The transaction closed on November 4. Shares held by current Agility shareholders and Churchill’s sponsor will be subject to a lock-up on sales for 180 days following the closing of the 6transaction, subject to early release based on certain stock price performance measures.

The deal provides approximately $465 million in gross proceeds before expenses. This includes approximately $164 million from Churchill

Agility had previously forecast proceeds of more than $620 million if no shareholders redeemed themselves.

The figure records the operating time, earns revenue

Agility Robotics, born out of Oregon State University in 2015, makes the humanoid Digit, which moves bags in warehouses. The company said Digit has already logged more than 65,000 hours of operation across nine customer facilities. Customers include AGCO, GXO Logistics, Schaeffler, Mercado Libre and Toyota Motor Manufacturing Canada.

Agility reported revenue of $1.78 million in 2025, up from $310,000 in 2024, with a net loss of $138.1 million. Approximately 64% of those revenues came from related parties. The company ended 2025 with $103 million in cash.

The legged robot developer said it has more than $300 million in multi-year orders committed for its next-generation Digit 5, subject to contractual milestones and product specifications. It is expected to begin deliveries of Digit 5 ​​to early access customers in 2027.

“Congratulations to the entire Agility Robotics team on this incredible milestone,” said Nicolaus Radford, co-founder and CEO of humanoid startup Persona AI. “At a time when robotics headlines are too often dominated by hype and flashy demonstrations, Agility has focused on the hard work of putting robots to work. Drawing on a decade of engineering breakthroughs, relentless persistence, and real-world implementations, Jonathan and his team have helped turn the promise of humanoid robotics into a commercial reality, and the entire industry should celebrate.”

Agility said it is the first pure-play legged humanoid company to go public. But it’s unclear how long this designation will last. The robot report broke the news that Agility was exploring wheeled robots in September 2026, and Johnson talked about it in more depth in the company overview (see video above).

“We are exploring other form factors that are better suited to working in more consumer-facing spaces,” he said. “And whether that means a wheeled base or a smaller bipedal form factor, our engineers build the best solutions wherever the hard work is done.”

Jonathan Hurst, Agility’s co-founder and chief robot officer, recently said during an “Ask Me Anything” on social media that the Digit likely won’t have wheels. However, the company is exploring wheeled robots as part of a larger family of human-centric, multipurpose robots.

“Digit probably won’t have wheels. But wheeled robots are absolutely part of our exploratory roadmap for a family of robots that focus on being human-centered and multipurpose,” Hurst said.

Agility Robotics explores licensing of its intellectual property

Johnson also suggested that Agility Robotics could license its intellectual property to other humanoid developers, positioning the company as a potential technology supplier to the industry at large. New robots and a licensing strategy potentially open up new revenue paths for the company.

“We expect Agility to become the backbone of the humanoid industry as the category begins to expand into new markets and use cases,” Johnson said. “Humanoids of all shapes and sizes could benefit from our extensive research and innovation.”

“To build a billion-dollar robotics industry, you need robots that people trust enough to work together,” said Samuel Reeves, founder and CEO of FORT Robotics. “Agility recognized early on that security isn’t just a box to check. It’s critical. Their IPO is a win for Agility and a powerful signal that security and business success go hand in hand.”