Agility lists on Nasdaq with $465 million to expand humanoid deployments

Agility Robotics began trading on Nasdaq under AGLT on November 5, following the previous day's merger with special purpose acquisition company Churchill Capital Corp XI. The common stock and warrants trade as AGLT and AGLTW respectively; Churchill's units were suspended from trading. In its listing announcement, Agility said the transaction and related financings raised approximately $465 million before expenses. It plans to use the proceeds to fulfill orders, expand commercial deployments and scale production of its humanoid robots.

Its Digit robots already handle repetitive material-moving work at customer sites. Companies seeking the new Digit 5 face a later timetable: early customer access is expected in the first half of 2027, with general availability targeted for year-end.

Agility reports more than $300 million in multi-year Digit 5 orders, subject to contractual milestones and required features and specifications. The September 4 merger registration filing describes the May 2026 orders as covering 1,000 robots under a three-year robots-as-a-service contract. That order figure represents potential value over time, rather than current revenue.

The financial statements show the scale of the operating business before expansion. Agility recorded approximately $1.78 million in net sales and a $138.09 million net loss in 2025. Operating activities used about $99.84 million in cash. The filing says it expects further losses and higher operating expenses.

An October 30 announcement set out the expected financing components: about $164 million from Churchill's trust account, $201 million from a Foxconn-led private investment in public equity, and $100 million in equity funding already received after the merger announcement. The total therefore includes earlier funding. Agility confirmed the approximately $465 million gross figure on November 5.

Customer GXO supplied a concrete deployment record in its October 26 announcement. Digit had moved more than 100,000 totes at its Flowery Branch, Georgia facility. A late-2023 proof of concept led to a multi-year service agreement in June 2024. Robots there work with existing automation to transfer totes onto conveyors.

More sites first, then a new robot generation

GXO expects deployments at its Statesville, North Carolina and Lebanon, Tennessee e-commerce sites to begin in early 2027. They will initially use Digit 4, then migrate to Digit 5 when commercially available.

Unveiled on September 15, Digit 5 has a revised safety design intended for work near people. Agility says sensors and AI detect people, allowing the robot to avoid them, stop or sit down. An independent safety controller oversees responses when someone is within an unsafe distance.

The new model is designed to lift up to 50 pounds repeatedly and change grippers for different jobs. Agility plans to extend Digit 4's focus on tote handling into work such as machine tending and preparing parts.

Deployment also requires service infrastructure. Pittsburgh will serve as an East Coast service center, complementing existing capabilities in Salem, Oregon. On October 21, Agility announced a planned 50,000-square-foot Pittsburgh facility bringing software and AI development together with deployment and support teams. It will provide space to validate customer workflows and test skills in simulated and physical environments, alongside robot service and repair. The facility adds roughly 35,000 square feet to its existing Pittsburgh footprint. Agility plans to hire engineers, service technicians and deployment specialists, with initial employee access expected by the end of 2026.

Agricultural equipment manufacturer AGCO is at a pilot stage. An October 20 commercial agreement schedules a 2027 trial at its Hesston, Kansas production facility. Initial tasks include sorting and stacking parts and positioning totes for storage. The trial will explore repetitive, physically demanding assembly and production work.