Agility Robotics goes public: the first pure-play humanoid robot company on Nasdaq
Agility Robotics began trading on Nasdaq as AGLT on November 5 after merging with a SPAC, raising about $465M — on $174k of H1 revenue against a $362M loss.
Agility Robotics, the humanoid robot company spun out of Oregon State University in 2015, began trading on Nasdaq on November 5, 2026 under the ticker AGLT, making it the first pure-play humanoid robotics company on the US stock market. The listing came through a SPAC merger with shell company Churchill Capital Corp XI and raised roughly $465 million gross, per the company’s announcement; per TechCrunch, revenue for the first half of 2026 was $174,000, against a $362 million loss over the same period. Retail investors can now buy the humanoid robotics thesis directly — and for the first time, the sector has to publish numbers an auditor has seen.
Key points
- On November 5, 2026, Agility Robotics started trading on Nasdaq as AGLT (warrants: AGLTW); Churchill Capital Corp XI, the SPAC it merged with, stopped trading under CCXI when the combination closed on November 4.
- The deal raised about $465 million gross, combining a PIPE led by Foxconn with $100 million of equity funding received before closing; existing Agility shareholders rolled 100% of their equity and are locked up for 180 days along with the Churchill sponsor.
- Per TechCrunch, Agility posted $174,000 of revenue (mostly from related parties) and a $362 million loss in the first half of 2026; Digit runs at nine customers, and Digit 5 carries about $300 million in multi-year orders from 30 customers, all contingent on contractual milestones.
Background
Agility has been building toward this for longer than the SPAC timeline suggests. The company says Digit has been in commercial deployments for about three years and has logged more than 65,000 hours of operation, with customers including GXO, Schaeffler, Toyota Motor Manufacturing Canada and Mercado Libre; at one GXO site in Georgia, Digit has moved more than 100,000 totes. The deal itself moved quickly: the SEC declared the S-4 registration effective on October 13, the parties announced the expected ~$465 million raise on October 30, Churchill shareholders approved the combination on November 2, and it closed on November 4.
The rest of the table is still private: Boston Dynamics just changed leadership on October 7, handing the CEO job to Alexa scientist Rohit Prasad (see our earlier coverage), and OpenAI is staffing a robotics team of its own with plans for a humanoid (see our earlier coverage). The first public financials in the field come from Agility, not from any of the better-funded names. And about a year ago, Figure AI CEO Brett Adcock offered a blunt prediction on X: “You’ll be bankrupt in <12 months.” (TechCrunch’s article misspells him as Colby Adcock; the account it links is @adcock_brett.)
The facts
Putting the company’s announcements next to TechCrunch’s reporting, here is what the deal and the business actually look like:
| Item | Detail | Source |
|---|---|---|
| Exchange and ticker | Nasdaq, AGLT (warrants AGLTW) | Official release, Nov 5, 2026 |
| SPAC counterparty | Churchill Capital Corp XI | Official release, Nov 4, 2026 |
| Gross capital raised | ~$465M, before transaction expenses | Official release, Nov 5, 2026 |
| Composition | PIPE led by Foxconn + $100M pre-closing equity | Official release, Nov 5, 2026 |
| H1 2026 revenue | $174,000, mostly from related parties | TechCrunch, Nov 5, 2026 |
| H1 2026 loss | $362M | TechCrunch, Nov 5, 2026 |
| Digit deployments | 9 customers, 65,000+ hours of operation | TechCrunch / official release |
| Digit 5 orders | ~$300M in multi-year orders from 30 customers, milestone-bound | Official release, Nov 5, 2026 |
On the product side, the current Digit hits 98% placement accuracy and cannot yet do complex manipulation; TechCrunch reports the robot-as-a-service pitch claims customers save about $100,000 a year. Digit 5, unveiled in September 2026, adds proprietary cycloidal actuators rated for repetitive 50-pound lifts and interchangeable end effectors, with NVIDIA’s IGX Thor compute and Halos safety stack, FORT Robotics safety systems, and Nyobolt batteries that claim a 9-minute recharge supporting 20+ hours of work per day. Early customer access starts in the first half of 2027, with general availability targeted for the end of 2027. Manufacturing sits at RoboFab in Salem, Oregon — 70,000 square feet designed for up to 10,000 robots a year — plus a newly announced 50,000-square-foot Pittsburgh expansion for software, AI and deployment support.
What others say
CEO Peggy Johnson framed the listing as “an important milestone for Agility, but the bigger story is what it means for the future of work,” adding that “Digit is doing real work in customer operations today, taking on repetitive, physically demanding tasks.” Her read on the money deserves more attention than the celebration: she said the raise meets the company’s current needs but wouldn’t project that it’s sufficient to make the company self-sustaining. On why these robots exist at all: “We stuck to our strategy, which [are] these manual, very repetitive jobs, that it’s hard to find humans to do. Digit can do that over and over and over.”
Cofounder and CTO Johnathan Hurst keeps the near-term roadmap just as narrow: “Let’s start with the bins and the totes, and then let’s do the picking and the kitting.” His long-term horizon is not narrow at all — he puts the endgame at “100 million robots… a trillion-dollar company.” The counter-view remains that one-year-old Adcock post predicting bankruptcy inside 12 months; it hasn’t expired, given a $362 million half-year loss on six figures of revenue. The market’s first read was mild: when we checked Yahoo Finance at 12:26 UTC on November 5, 2026, AGLT showed $11.43, up 1.51% in pre-market trading (the US session had not yet opened).
Our take
What changes with this listing is not the $465 million — it’s the accounting standard. Every humanoid robotics claim so far lived in funding announcements; from now on, AGLT files quarterly reports, and $174k of revenue against a $362M half-year loss is the first audited baseline the sector has. Two cautions follow from the sources. First, the $300 million in Digit 5 orders is “committed” only subject to contractual milestones and product specifications — it is a pipeline, not cash in the bank. Second, the CEO herself does not project this raise makes the company self-sustaining, so expect another capital raise. For developers and product people watching embodied AI, Agility’s published deployment numbers (hours, accuracy, claimed savings) carry more signal than any demo video. For investors, AGLT is the first direct price tag on the humanoid thesis, and it will be volatile.
What to watch
- Early 2027: Digit expands to two additional GXO US logistics facilities; the AGCO pilot at its Hesston, Kansas plant starts.
- H1 2027: Digit 5 early customer deliveries begin; around May 2027, the 180-day lock-up for Agility shareholders and the Churchill sponsor can lapse — terms allow early release tied to stock-price performance.
- End of 2027: Digit 5 general availability, with RoboFab ramping toward 10,000 robots a year.
- Every quarterly report: the sector’s first public, auditable operating numbers. Watch revenue composition and cash burn more than demo days.