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Agility Robotics plans to go public via SPAC in a $2.5B deal
TechCrunch • • business
Key Points:
- Agility Robotics, known for its humanoid robot Digit, plans to go public via a merger with SPAC Churchill Capital Corp XI, valuing the company at approximately $2.5 billion.
- The deal is expected to raise over $620 million, including about $200 million from new and existing institutional investors.
- Agility has secured over $300 million in multi-year orders for its next-generation Digit v5 and has more than 30 potential customers evaluating large-scale deployments.
- The company aims to use the capital to increase production capacity, fulfill existing orders, and expand its customer base, addressing labor shortages and enhancing supply chain resilience.
- The combined entity will trade under the ticker symbol AGLT on an as-yet-undisclosed North American stock exchange.
