Agility Robotics is an Oregon State University spin-out founded in 2015 by Jonathan Hurst, Damion Shelton, and Mikhail Jones to commercialize dynamic bipedal walking.
Latest update Nov 8, 2026
01
Its product is Digit, a humanoid for warehouse and factory tote handling. Digit 4 is on customer floors: Agility says more than 65,000 operating hours across nine sites, including GXO, Schaeffler, Toyota Motor Manufacturing Canada, Amazon, and Mercado Libre. On June 24, 2026 it agreed to merge with Churchill Capital Corp XI at a $2.5 billion pre-money equity value. The S-4 showed 2025 net sales of $1.8 million against a $140 million operating loss, about 393 employees at June 30, 2026, and a going-concern warning. More than $300 million of Digit 5 orders from one customer, for 1,000 robots over three years, are subject to milestones. Digit 5, unveiled Sept. 15, 2026, targets early access in H1 2027 and general availability by the end of 2027. On Nov. 2, 2026 Churchill shareholders approved the combination. The business-combination vote was 21,069,042 for, 1,334,087 against, and 2,623,822 abstained. The company says more than 84 percent of votes cast were in favor. Shareholders redeemed 25,451,804 Class A shares, about 61.5 percent, for about $261.8 million, or about $10.287364 per share. Churchill domesticated to Delaware on Nov. 2 and the continuing shell was renamed Agility Robotics, Inc. The combination closed on Nov. 4, 2026. The closing 8-K says about $164.1 million remained in the trust after redemptions and that Agility issued 20,102,500 PIPE shares at $10.00 for $201,025,000 gross. Those funds, with the $100 million already received, were used in part to pay transaction expenses. The 8-K does not state the expense total or cash left afterward. Agility's Nov. 5 release rounds gross capital before expenses to about $465 million. The same 8-K says AGLT and AGLTW began trading on Nov. 5, and that Mark Vale became audit-committee chair at closing. The Oct. 13 release says more than 30 potential customers are in active discussions or the Customer Acceleration Program. The FORT safety bridge remains an MOU. Careers, the full newsroom, and Wikipedia were not reopened on this pass.
sec.govUpdated Nov 8, 2026
02
H1 2027
Digit 5 is unveiled with H1 2027 early access and end-2027 general availability. Converting the $300 million-plus milestone-gated order into robots that ship, and proving cooperative safety on a live floor without cages, is the product half of the SPAC story.
2027
03
Agility said on Nov. 4, 2026 that its business combination with Churchill Capital Corp XI has closed. Nasdaq's corporate-actions alert the same day says the combination closed and that common stock and warrants will trade as AGLT and AGLTW effective Nov. 5. The Nov. 4 release does not restate the cash raised.
Churchill Capital Corp XI said shareholders approved the Agility Robotics combination on Nov. 2, 2026, with 21,069,042 votes for, 1,334,087 against, and 2,623,822 abstentions. The 8-K says Churchill domesticated to Delaware that day and was renamed Agility Robotics, Inc., while the merger itself is not closed. Expected gross capital remains about $465.1 million before expenses, and the company release expects a Nov. 4 close and Nasdaq trading as AGLT and AGLTW on Nov. 5.
Agility Robotics and Churchill Capital Corp XI said on October 30 that, after the SPAC redemption deadline, expected gross capital is about $465 million before transaction expenses. The total combines about $164 million remaining in the trust, about $201 million from a $10-per-share PIPE led by Foxconn, and $100 million of equity already received. A November 2 shareholder vote is still required, and the stated November 4 close and November 5 Nasdaq listing as AGLT remain subject to approval and customary conditions.
Agility Robotics said on October 15 that Nyobolt is the battery technology provider for Digit 5, with early access expected in the first half of 2027. The company says the pack runs 90 minutes and charges in 9 minutes, and its business chief said that is meant to support more than 20 hours of work in a day. The Digit 5 page already lists a 10:1 ratio and 20 hours in 24 hours, both with asterisks, and does not name Nyobolt.
On October 13, 2026 Churchill Capital Corp XI said in a Form 8-K that the SEC declared effective Form S-4 file 333-298781 for its combination with Agility Robotics. The shareholder meeting is set for November 2, 2026 at 9:00 a.m. Eastern, and Agility still expects a November close under the ticker AGLT if shareholders approve. Expected gross proceeds remain more than $620 million, including about $424 million in the trust account if no public shares are redeemed.
A Form 425 filed Oct. 1, 2026 reproduces a joint release saying Agility Robotics and FORT Robotics signed a memorandum of understanding on Digit 5 safety infrastructure, including a jointly developed Offboard Safety Bridge. The companies described a three-part architecture of a safety pendant, on-robot communications and off-robot interfaces, and said Digit predecessors have logged more than 65,000 hours at sites including Schaeffler, GXO and Toyota Motor Manufacturing Canada. The filing labels the pact an MOU, not a disclosed dollar contract, and Digit 5 early access remains targeted for the first half of 2027.
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Current commercial humanoid for tote handling and material movement in warehouses and factories. Reverse-jointed legs, gripper end-effectors, and Agility Arc fleet software. Digit 4 is the machine behind the 65,000-hour and 100,000-tote claims.
Next-generation industrial humanoid designed to work beside people without the cages Digit 4 still needs. New safety architecture (human detection, visual/auditory cues, independent motion controller), 50 lb payload, 5 foot 11 inch height, 7.2 foot reach, 90-minute runtime with a 9-minute charge, swappable ISO-flange end-effectors, and NVIDIA Halos / IGX Thor as the first Halos robotics launch partner.
05
$1.8 million net sales in 2025 against a $140 million operating loss. 2026 commercial Digit 4 work is real but still tiny versus the $2.5 billion SPAC mark. The $300 million-plus Digit 5 order figure is contracted backlog subject to milestones, not current-period revenue.
$2.5 billion pre-money equity value used for the Nov. 4, 2026 close. Not a post-close market cap.
(1,000 robots / 3 years), subject to milestones
(subject to approvals); Derek Aberle and Pierre Gentin expected at Churchill XI close; ticker still AGLT
13, 2026. Shareholders approved the combination on Nov. 2, 2026, 21,069,042 for and 1,334,087 against, with 2,623,822 abstentions. The combination closed Nov. 4.
06
Operating status
Public; AGLT and AGLTW trading since Nov. 5
The combination closed on Nov. 4, 2026. The closing 8-K says AGLT and AGLTW began trading on Nov. 5. Agility's Nov. 5 release rounds gross capital before expenses to about $465 million. The 8-K states about $164.1 million of trust cash after redemptions, $201,025,000 of PIPE gross proceeds, and $100 million already received, and says the trust and PIPE were used in part to pay transaction expenses. It does not state the expense amount or cash remaining. Mark Vale chairs the audit committee as of the close.
Digit robot-as-a-service (GXO and others)
Paid Digit 4 deployments in manufacturing, distribution, and logistics, including the 2024 GXO RaaS agreement at Flowery Branch. This is the revenue that produced $1.8 million of 2025 net sales.
Digit 5 contracted orders (not yet revenue)
More than $300 million of multi-year Digit 5 orders from one customer, described as 1,000 robots over three years, subject to contractual milestones. The S-4 says this is not a measure of current-period revenue.
07
How past announced dates turned out.
5/7announced dates hit on time
Churchill XI shareholder vote and conditional November close
Target Close expected Nov. 4, 2026; AGLT and AGLTW trading expected Nov. 5, 2026 · Resolved Nov 5, 2026
The combination closed Nov. 4, 2026, and the closing 8-K says AGLT and AGLTW began trading on Nov. 5, 2026. The Nov. 5 company release said the shares would begin trading that day.
Close the Churchill XI SPAC
Target Close expected Nov. 4, 2026, subject to remaining conditions · Resolved Nov 4, 2026
The closing 8-K says the merger was consummated on Nov. 4, 2026. This hit records the close only. S-4 effectiveness was already recorded on Oct. 13, so the inherited description that still says effectiveness is outstanding is stale. A hit does not rewrite that description. Trading is recorded on milestone 447e37e2.
Seat Mark Vale as audit-committee chair after the Churchill close
Target After the Churchill XI close · Resolved Nov 4, 2026
The closing 8-K says that, effective at closing on Nov. 4, 2026, the board appointed Mark Vale audit-committee chair and audit-committee financial expert, with Merline Saintil and Pierre Gentin also on the committee.
Churchill XI shareholder vote and conditional November close
Target Nov. 2, 2026, 9:00 a.m. Eastern vote; close still expected November 2026 · Resolved Nov 2, 2026
The Nov. 2, 2026 9:00 a.m. Eastern vote was held. Shareholders approved the combination and the other proposals. Churchill domesticated to Delaware the same day. The merger did not close on the vote date. The company release expects a Nov. 4 close and AGLT and AGLTW trading on Nov. 5, subject to remaining conditions.
Close the Churchill XI SPAC
Target 2026 · Resolved Nov 2, 2026
S-4 file 333-298781 was effective Oct. 13, 2026, so the inherited description that says effectiveness is outstanding is stale. The Nov. 2 vote is recorded on milestone 447e37e2 and is not repeated here. This slip only moves the 2026 close target to the Nov. 4 date the company now gives. The merger is not closed. A slip does not rewrite the live description text.
S-4 effectiveness and Churchill XI shareholder vote
Target Q4 2026 after October 6 analyst day · Resolved Oct 13, 2026
This hit records S-4 effectiveness only. The SEC declared file 333-298781 effective on Oct. 13, 2026 at 4:00 p.m. The Nov. 2, 2026 9:00 a.m. Eastern shareholder vote, redemptions versus about $424 million of trust cash, and a still-conditional November close as AGLT are a separate milestone. The vote has not happened.
Hold the October 6 analyst and investor day
Target October 6, 2026 · Resolved Oct 6, 2026
Churchill's Oct. 6, 2026 Form 8-K says Agility held the analyst and investor day that day and furnished the slides. This hit records only that the event was held. The merger is not closed.
08
2026
Closes the Churchill XI combination
On Nov. 4, 2026 the combination closed. The closing 8-K, filed Nov. 6, says about $164.1 million remained in the trust and that 20,102,500 PIPE shares were issued at $10.00 for $201,025,000 gross. It says those funds were used in part to pay expenses and does not state net cash. The same 8-K says AGLT and AGLTW began trading on Nov. 5. Agility's Nov. 5 release rounds gross capital before expenses to about $465 million. Mark Vale became audit-committee chair at closing.
Shareholders approve the Churchill XI combination
On Nov. 2, 2026 Churchill shareholders approved the business combination, 21,069,042 for, 1,334,087 against, and 2,623,822 abstained. About 61.5 percent of Class A shares, 25,451,804 shares, were redeemed for about $261.8 million, or about $10.287364 per share. Expected gross capital is about $465.1 million before expenses. Churchill domesticated to Delaware the same day and was renamed Agility Robotics, Inc. The merger is not closed. The company release expects a Nov. 4 close and Nasdaq trading as AGLT and AGLTW on Nov. 5.
Names an expected audit-committee chair
On October 19, 2026 Agility said Mark Vale, CEO of Transportation Insight and a former UPS president, is expected to join the board and chair the audit committee after the Churchill combination closes. Bruce Leak and Matt Ocko have stepped down. Vale is expected to serve with Merline Saintil, Derek Aberle, Pierre Gentin, Peggy Johnson, and Damion Shelton. The release does not say the November 2 vote has been held.
Signs an AGCO agreement for a 2027 Hesston pilot
On October 20, 2026 Agility said it signed a commercial agreement with AGCO. The U.S. pilot is expected to begin in 2027 at the Hesston, Kansas plant, starting with parts sorting and stacking and tote placement. The release states no robot count, contract value, or 2026 start. Agility describes AGCO as joining Toyota, GXO, and Schaeffler, while the pilot itself is still expected in 2027. The same release says the Churchill combination is expected to close in the fourth quarter of 2026.
Names Nyobolt as the Digit 5 battery provider
On October 15 Agility said Nyobolt will supply the Digit 5 fast-charge pack, with early access expected in the first half of 2027. Agility says the pack runs 90 minutes, charges in 9 minutes, and is meant to support more than 20 hours of work in a day. The Digit 5 page already lists the 10:1 ratio and 20-hour figure with asterisks and does not name Nyobolt.
SEC declares the Churchill XI S-4 effective
On October 13, 2026 Churchill's Form 8-K said the SEC declared effective Form S-4 file 333-298781 for the Agility combination. The shareholder meeting is November 2, 2026 at 9:00 a.m. Eastern. Agility still expects a November close as AGLT if shareholders approve, with more than $620 million of expected gross proceeds, including about $424 million in trust cash if no public shares are redeemed.
Holds October 6 analyst and investor day
On October 6, 2026 Agility hosted its analyst and investor day in New York from 12:30 to 3:00 p.m. ET. Churchill's Form 8-K said the event was held and furnished the slides. The slides restate more than $300 million of Digit 5 orders as of May 2026 and say that figure is not current-period revenue. As of those Oct. 6 filings the S-4 was not yet effective. Effectiveness followed on Oct. 13, recorded in the next timeline entry. The FORT Offboard Safety Bridge remains an MOU.
Names planned public-company directors ahead of Churchill XI close
On 29 Sept 2026 Agility said Merline Saintil, Derek Aberle and Pierre Gentin are expected to join the board after the Churchill Capital Corp XI combination. Saintil, lead independent director at Rocket Lab and a director at Symbotic and TD SYNNEX, is expected to join immediately subject to approvals. Aberle, a former Qualcomm president, and Gentin, former U.S. Commerce general counsel, are expected at close. Peggy Johnson and co-founder Damion Shelton remain on the board. Combined company still expected to trade as AGLT. The S-4 is filed; Agility still describes mailing of a definitive proxy only after it is declared effective.
2026
FORT MOU adds Offboard Safety Bridge to Digit 5
On Oct. 1, 2026 Agility Robotics and FORT Robotics signed a memorandum of understanding, reproduced in a Newbury Street II Form 425, covering Digit 5 safety infrastructure including a jointly developed Offboard Safety Bridge. The companies described a three-part architecture of a safety pendant, on-robot communications and off-robot interfaces. Digit predecessors have logged more than 65,000 hours. Digit 5 early access remains H1 2027.
Digit 5 uses human-like legs for lifting and cooperative safety
The Robot Report on September 15 and Ars Technica confirm Digit 5 drops Digit 4 reverse-jointed ostrich knees for more conventional human-like legs, optimized for 50 lb lifts and sit-to-safe shutdown. The Digit 5 page still lists 50 lb payload, 7.2 ft reach, 10:1 run-to-charge, and 20 hours of work in 24 hours. Early access remains H1 2027.
CBO cites Ricoh partnership for Digit fleet service
On September 22, 2026 CBO Daniel Diez wrote that Agility partnered with Ricoh to monitor deployed Digit fleets daily and keep them running. This is a company-only service claim; independent contract terms were not published.
Names Michael Beer CFO; Jennifer Hunter remains COO
On July 23, 2026 Agility appointed Michael Beer, previously CFO of Energy Vault, as chief financial officer ahead of the Churchill XI listing. Jennifer Hunter, who had been CFO and COO, now serves exclusively as COO to scale manufacturing, operations, and supply chain.
On September 15, 2026 Agility unveils Digit 5, built for cooperatively safe work beside people: 50 lb payload, 5 foot 11 inches, 7.2 foot reach, 90-minute runtime with a 9-minute charge, swappable end-effectors, and NVIDIA Halos as the first robotics launch partner. Early access is targeted for the first half of 2027, general availability by the end of 2027, including a first commercial push into the EU and UK.
S-4 discloses $1.8M of 2025 sales and a going-concern note
The S-4 filed around September 4, 2026 shows 2025 net sales of about $1.8 million against a $140 million operating loss, roughly $100 million of 2025 cash burn, 393 employees at June 30, 2026, $395.8 million of gross preferred equity through 2025, an extra $100 million of SAFEs in July 2026, and auditor language that existing cash is not enough for a year without the SPAC. More than $300 million of Digit 5 orders sit with one customer, for 1,000 robots over three years, subject to milestones.
Agrees $2.5B SPAC merger with Churchill Capital Corp XI
On June 24, 2026 Agility and Churchill XI announce a business combination at a $2.5 billion pre-money equity value, expecting more than $620 million of gross proceeds including an about $200 million Foxconn-led PIPE, with the combined company to list as AGLT. Existing Agility holders roll 100% of equity. Close is targeted in 2026, subject to a Churchill shareholder vote, S-4 effectiveness, and other conditions, with a December 31 walk-away date in the deal documents.
2025
2024
2023
2022
2017
2016
2015
09
$1.1Bdisclosed across 5 rounds with a stated amount
Cumulative disclosed raise · dated rounds
Series A
2018
Playground Global (lead), Sony Innovation Fund
Series B
April 2022
DCVC and Playground Global (leads), Amazon Industrial Innovation Fund, Sony Innovation Fund, TDK Ventures and others
Preferred equity through 2025 (incl. Series C)
Through December 2025
DCVC, Playground Global, Amazon, SoftBank Vision Fund 2, NVIDIA/NVentures, Schaeffler, Foxconn/Abico and others; S-4 cumulative figure
SAFEs
July 2026
Strategic and institutional investors (S-4)
SPAC + PIPE (closed)
Nov. 4, 2026 (closed)
About $465 million gross before expenses
About $164.1 million trust, $201,025,000 PIPE at $10.00, and $100 million already received
