Agility Robotics Lists on Nasdaq as First US Pure-Play Humanoid Robot Maker

The Salem, Oregon company, which counts Nvidia, Amazon, SoftBank Vision Fund 2, Schaeffler and Foxconn among its strategic investors, expects gross proceeds of about $465 million before transaction expenses, according to an October 30 joint release from the two companies. That total is made up of roughly $164 million left in Churchill XI's trust account after redemptions, a common stock PIPE of about $201 million committed at $10 a share and led by Foxconn, and $100 million of equity funding Agility received after the deal was announced. The release did not say how many Churchill XI shareholders redeemed their shares.

The listing gives public investors their first direct way to back a company building only humanoid robots, a category that has drawn heavy private funding for rivals such as Figure, 1X and Tesla's Optimus effort but has produced little revenue so far. Agility's numbers show how early the business still is.

Revenue Still Tiny

Agility earned $174,000 in revenue in the first six months of 2026, mostly from related parties, and lost $362 million over the same period, TechCrunch reported. Chief executive Peggy Johnson told TechCrunch the money raised in the SPAC deal would meet the company's current needs, but she would not say whether it would be enough for Agility to become self-sustaining.

The company's case rests on its next robot. Agility said in its closing announcement that Digit 5 has more than $300 million in committed multi-year orders, subject to contractual milestones. Johnson told TechCrunch the orders come from 30 customers, whom she declined to name, and that the robot must hit undisclosed targets for throughput, uptime and placement accuracy before the deals close. She described the order book as "one of the driving factors" behind the decision to go public.

Digit 5 has not yet been shown publicly. Johnson said it would be demonstrated at CES 2027 and become widely available at the end of that year. Unlike the current model, which works in a cordoned-off cell, Digit 5 is designed to work safely around people.

From Totes to Trailers

Agility, spun out of Oregon State University in 2015, has focused on repetitive warehouse and factory work rather than demonstrations of agility. Its Digit robots mainly move heavy totes, including more than 100,000 at a GXO logistics site. The company says Digit has logged more than 65,000 hours of real-world operation, and that GXO has expanded to two more US facilities, with deployments due to start in early 2027. Schaeffler and Toyota Motor Manufacturing Canada are also customers, and farm equipment maker AGCO plans a pilot at its Hesston, Kansas plant from 2027.

"We stuck to our strategy, which [are] these manual, very repetitive jobs, that it's hard to find humans to do," Johnson told TechCrunch.

Customers pay $500,000 for an on-site proof of concept before a full deployment, and four had signed up as of May 2026, according to TechCrunch. The company pitches savings of $100,000 a year per robot under a robot-as-a-service model. Digit places heavy loads with 98% accuracy but, like most robots today, cannot yet handle complex manipulation tasks.

Agility's RoboFab plant in the US is designed to build up to 10,000 robots a year. Johnson would not give production targets for Digit 5.

Shares held by existing Agility shareholders and Churchill's sponsor are locked up for 180 days, with early release possible if the stock hits certain price targets. All existing Agility shareholders rolled their full stakes into the combined company. Citigroup was capital markets adviser and lead PIPE placement agent to Churchill XI, while BTIG advised Agility.