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Agility Robotics starts trading on Nasdaq as AGLT after its SPAC merger: about $465 million gross capital, of which only $164 million came from the SPAC trust
Agility began trading as AGLT on Nov. 5. The roughly $465M gross raise includes only $164M from the SPAC trust, down from $620M expected in June.
Agility Robotics, maker of the Digit humanoid, began trading on Nasdaq as AGLT on November 5, 2026, after completing its merger with the SPAC Churchill Capital Corp XI. The company calls itself the first U.S. publicly listed pure-play humanoid robotics company with proven, active commercial deployments, a deliberately qualified claim. The headline figure of about $465 million is gross capital before expenses, and only about $164 million of it came from the SPAC trust. It is also well below the more than $620 million expected in June.
The essentials
- The listing: AGLT and AGLTW (warrants) began trading on Nasdaq on November 5, 2026, after the business combination closed on November 4.
- The money: about $465 million gross, made of roughly $164 million from the trust, a $201 million PIPE at $10 a share led by Foxconn, and $100 million of equity received after the deal was announced.
- The valuation: $2.5 billion pre-money. Crypto Briefing cites 2025 revenue of $1.8 million and an operating loss of $140 million, which means the price rests on future execution.
- The orders: more than $300 million of committed multi-year orders for Digit 5, which the company says are potential value contingent on contractual milestones, not current revenue.
Why is $465 million lower than expected?
In June the deal was expected to raise more than $620 million. Dealroom reports holders of about 61.5% of Class A shares redeemed, cutting trust cash from about $424 million to $164 million. Redemptions are common in SPACs, which is why the PIPE and the $100 million already received matter.
How should 'first pure-play humanoid company' be read?
The wording is the company's own and includes the qualifiers U.S. and proven, active commercial deployments. It does not say humanoid robots are profitable. Agility says early Digit 5 deliveries are expected in the first half of 2027 and general availability by the end of next year, per Machine Design.
What is not established
- Whether the humanoid business can reach profitability: not established.
- How much of the $300 million in orders will become revenue: depends on milestones and product specifications.
- How the shares will trade after the debut: we report no price, since quotes change and the snapshots we saw conflicted.
- The exact number of shares redeemed: not disclosed by the companies, per The AI Insider.
Summary table
| Point | What is stated as of November 7, 2026 | Source |
|---|---|---|
| Listing | Nasdaq: AGLT (stock) and AGLTW (warrants), from Nov. 5, 2026 | GlobeNewswire |
| Gross capital | About $465M before expenses, versus over $620M expected in June | SEC filing |
| Breakdown | $164M trust, $201M PIPE (Foxconn-led), $100M already received | SEC filing |
| Valuation | $2.5B pre-money; 2025 revenue $1.8M, operating loss $140M | Crypto Briefing |
| Orders | More than $300M committed for Digit 5, milestone-based | GlobeNewswire |
FAQ
Did Agility raise $465 million from the SPAC?
Not only. About $164 million came from the SPAC trust; the rest came from a PIPE and equity already received.
Is Agility profitable?
No. Crypto Briefing cites an operating loss of $140 million on $1.8 million of 2025 revenue.
Is the $300 million in revenue?
No. The company describes it as potential value from committed orders, contingent on milestones.
Method and limits
Sources checked on November 7, 2026. We relied on the company's press release, SEC filings and press coverage; we did not read the full merger proxy. Share prices are not reported. This is not investment advice.
Sources
- GlobeNewswire (Agility Robotics): Agility Becomes First U.S. Publicly Listed Pure-Play Humanoid Robotics Company, Begins Trading Today on Nasdaq as AGLT (verified 2026-11-07)
- SEC (Form 8-K): Agility Robotics and Churchill Capital Corp XI Announce Expected Gross Capital Raise of Approximately $465 Million (verified 2026-11-07)
- Dealroom: Agility Robotics clears SPAC vote, expects $465M and Nasdaq debut November 5 (verified 2026-11-07)
- Crypto Briefing: Agility Robotics plans Nasdaq debut through SPAC merger with Churchill Capital Corp XI (verified 2026-11-07)
- Machine Design: Humanoid Robotics Reaches Public Markets as Agility Begins Trading (verified 2026-11-07)
- The AI Insider: Agility Robotics Expects About $465M From SPAC Deal Ahead of Nov. 5 Nasdaq Debut (verified 2026-11-07)
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