Agility Robotics Sets Stage for Nasdaq Debut with Churchill Capital Corp XI Merger

Introduction

Agility Robotics, a Salem, Oregon-based company behind the Digit warehouse robot, announced on June 24, 2026, that it will merge with Churchill Capital Corp XI, a special purpose acquisition company. The deal values Agility at $2.5 billion and expects to raise over $620 million in gross proceeds, with a potential close in the fourth quarter of 2026.

Background

Agility was founded in 2015 and grew out of research at Oregon State University. Its focus has shifted from academic robotics to commercial machines that handle repetitive material-movement tasks in warehouses and factories.

Deal Terms

The merger assigns Agility a pre-money equity valuation of $2.5 billion. The combined company expects to raise over $620 million in gross proceeds.

Revenue and Growth

As of May 2026, Agility had secured over $300 million in milestone-based, long-term orders for its Digit v5 robots. The company also reports nine committed facility deployments and has logged over 65,000 operating hours with customers including GXO, Schaeffler, and Toyota.

Market Reaction

At $2.5 billion pre-money against $1.8 million in 2025 revenue, the market is being asked to price Agility almost entirely on future execution. Customer concentration is another watch item, as a single three-year, 1,000-unit contract drives a large share of the order book.

Conclusion

The merger with Churchill Capital Corp XI positions Agility for a growth phase, with broader commercialization expected in 2027. The company will operate as Agility Robotics, Inc. and trade on the Nasdaq under the ticker AGLT.