$1.8 million in revenue against a $2.5 billion valuation. That is the math behind the Agility Robotics listing, and it is why the humanoid robot maker’s Nasdaq debut matters. Agility is expected to be the first humanoid robot company to trade on a U.S. exchange, with the first trade set for Thursday.
Agility Robotics, the Oregon maker of the Digit robot, is set to begin trading on Nasdaq as AGLT on Nov. 5, the day after its SPAC merger is expected to close.
What the Agility Robotics listing means for you
If you are thinking about buying AGLT stock, you are not buying today’s sales. You are betting that humanoids become a big business in warehouses and factories, and that Agility is early.
Expect volatility. SPAC debuts swing hard in both directions, and heavy redemptions tend to leave a thin float. Watch how AGLT opens against the $10 PIPE price. Anyone weighing a humanoid robot stock should treat that as the first real test.
The listing is also a SPAC merger, not a traditional IPO. That matters because a SPAC’s cash depends on how many shareholders stay in. More on that below.
The numbers behind the Agility SPAC merger
Shareholders of the blank-check company Churchill Capital Corp XI approved the deal on Nov. 2, with more than 84% of votes cast in favor. The deal first surfaced in June at a roughly $2.5 billion pre-money valuation, per TechCrunch.
The cash haul, however, came in light. Agility now expects about $465 million in gross capital, down from more than $620 million projected in June. That is roughly $155 million short.
The money comes from three places, according to The Robot Report: about $164 million from Churchill’s trust account, about $201 million from a Foxconn-led PIPE priced at $10 per share, and $100 million of equity Agility received after the June announcement.
Look at that trust figure. When investors pull their money out before the merger, the cash shrinks. That is what happened here.
The tiny revenue behind the humanoid robot stock
Business Insider reported that Agility posted $1.8 million in 2025 revenue. We have not seen a filing for that number, so treat it as reported, not settled.
If it holds, the math is stark. A company valued around $2.5 billion pulled in less than the price of a nice house.
Rivals are chasing the same prize, as OpenAI’s humanoid ambitions show. Agility’s pitch is that it is already working in the real world.
What Agility actually sells
Agility spun out of Oregon State University in 2015, and its headquarters sit in Salem, Ore. Its Digit is a two-legged warehouse worker built to move totes, not to fold your laundry.
CEO Peggy Johnson has said a home robot is not coming anytime soon. Instead, the focus is industrial and logistics.
Customers named include GXO Logistics, Toyota Motor Manufacturing Canada and Schaeffler. The company says Digit works at nine locations, and backers include Amazon, Nvidia, SoftBank Vision Fund 2 and DCVC. For a closer look at how one of those pilots works, see our piece on AGCO’s plan to have Digit sort parts.
Agility plans to spend the proceeds on filling existing customer orders, expanding deployments and scaling production of Digit v5. The company bills itself as the only U.S. publicly listed pure-play humanoid company with proven, active commercial deployments.
Both the SPAC closing and the first trade are still expected, not confirmed, so check the filing and Nasdaq before you act. Either way, the robots have waited this long. They can wait for the paperwork.
