Agility Robotics Opens at $11.26 as First Pure-Play Humanoid IPO on Nasdaq

Agility Robotics began trading on Nasdaq on Thursday, Nov. 5, under the ticker AGLT, becoming the first U.S. publicly listed pure-play humanoid robotics company with proven commercial deployments. The Agility Robotics IPO closed a reverse merger with Churchill Capital Corp XI and related financings that raised about $465 million in gross capital before expenses, the company said.

Shares opened at $11.26, above the $10 SPAC reference price, and were near $10.30 later in the session, according to The Robot Report. Warrants trade as AGLTW. Churchill XI shareholders approved the deal on Nov. 2 with more than 84% of votes cast in favor; the combination closed Nov. 4.

How the deal is structured

According to The Robot Report’s breakdown of the closing numbers, about $164 million came from Churchill XI’s trust after redemptions, about $201 million from a private investment in public equity led by Foxconn, and $100 million from an equity round closed after the SPAC was announced. Those three pieces sum to $465 million, matching Agility’s gross-capital figure. Existing Agility shareholders and the Churchill sponsor face a 180-day lock-up, with early-release triggers tied to stock performance.

When the deal was first announced in June, TechCrunch reported a roughly $2.5 billion valuation and more than $620 million in expected proceeds before redemptions reshaped the final pile of cash. Thursday’s closer number is the cash that actually arrived.

Digit in warehouses, Digit 5 on order

Agility spun out of Oregon State University in 2015 and built Digit, a bipedal robot that moves heavy totes in environments designed for people. The company says Digit has logged more than 65,000 hours across nine customer sites, including GXO, Schaeffler, Toyota Motor Manufacturing Canada and Mercado Libre. At one GXO logistics site, Digits have moved more than 100,000 totes. GXO has already agreed to expand into two more U.S. facilities in early 2027.

The growth story investors are buying is Digit 5, unveiled in September 2026. Agility says it holds more than $300 million in committed multi-year orders for the new model, subject to contractual milestones, features and specifications. Digit 5 is designed to lift up to 50 pounds, swap end effectors, recharge in about nine minutes with Nyobolt battery tech, and deliver more than 20 hours of work in a 24-hour day. Early customer access is targeted for the first half of 2027, with general availability by year-end. Onboard compute is planned around NVIDIA IGX Thor with Halos safety technology.

CEO Peggy Johnson told TechCrunch the company avoided “dancing robots” and stuck to repetitive industrial jobs that are hard to staff with people. The $300 million order book, she said, was “one of the driving factors” behind going public. The same TechCrunch report noted the company lost $362 million over the disclosed period, so the new capital has a clear burn clock.

What the data shows about the public bet

Public markets have already seen humanoid hype through Tesla’s Optimus plans and private rivals such as Figure. Our earlier look at humanoid robots in 2026 covered Agility’s SPAC path before Thursday’s debut; the Massachusetts robotics cluster is mapped in our Boston robotics 2026 report. Agility’s listing is different because Digit is already on customer floors, not only on stage demos.

Ars Technica noted that Agility’s own filings still warn that humanoids remain unproven at scale compared with decades of industrial robots. Manufacturing capacity is part of the answer: RoboFab, a 70,000-square-foot plant in Salem, Oregon, is designed for up to 10,000 robots a year, with additional sites in Fremont, California, and a planned 50,000-square-foot Pittsburgh expansion for software, AI and customer support.

Investors watching the stock can put the debut alongside other business news and AI hardware bets. The near-term checklist is concrete: convert the Digit 5 order book into delivered robots in 2027, keep GXO and automotive pilots on schedule, and show that cooperative safety lets Digits work nearer to people than caged industrial arms.

Agility Arc, the company’s cloud fleet platform, is meant to plug Digits into warehouse management systems so customers can treat robots as scheduled labor rather than one-off demos. Paid manufacturing programs with a major global automaker, a large automotive components firm and a consumer-products manufacturer sit behind the named logos, and AGCO has signed for a Digit pilot expected in 2027. The active pipeline tops 30 prospective customers across automotive, manufacturing, aerospace, logistics, consumer products and defense, Agility said.

That customer mix matters for a public company that still has to prove unit economics. Warehouse tote-moving is a narrow beachhead compared with the general-purpose humanoid pitch that dominates social media clips, but it is also where Agility can show uptime, placement accuracy and throughput against contractual milestones. If Digit 5 hits those gates, the $300 million order book becomes revenue; if it slips, the Nasdaq listing will price the miss in public.

Sources

• Agility Robotics: begins trading on Nasdaq as AGLT (Nov. 5, 2026)
• TechCrunch: Agility is the first pure humanoid robot company on the stock market
• The Robot Report: Agility Robotics begins trading on Nasdaq
• Ars Technica: Agility Nasdaq debut invites scrutiny of humanoid market