Agility Robotics signed a definitive business combination agreement with SPAC Churchill Capital Corp XI, with the listing expected in 2026 subject to approvals. The deal values Agility at a pre-money equity value of US$2.5 billion and is expected to deliver more than US$620 million in gross proceeds.
The operational figures disclosed alongside it are the substantive part. Agility has secured more than US$300 million in multi-year Digit v5 orders, milestone-contingent, and Digit has logged over 65,000 operating hours across nine customer facilities.
Capacity ahead of the listing
Agility opened a 60,000-square-foot physical AI development hub in Fremont, California, announced July 16, 2026, adding nearly 200 technical and field-operations roles alongside its Salem, Oregon manufacturing. Proceeds are earmarked for fulfilling orders, expanding deployments, scaling Digit v5 production and advancing the company's integrated robotics and physical AI platform.
The update came via Humanoid Global Holdings Corp. (CSE:ROBO), a Vancouver-based embodied-AI investment vehicle holding a minority stake in Agility. It is not a party to the SPAC transaction. CEO Shahab Samimi called the listing "a watershed moment for the humanoid robotics category."
Key Facts
- Definitive business combination agreement with SPAC Churchill Capital Corp XI; listing expected in 2026 subject to approvals
- Pre-money equity value US$2.5bn; expected gross proceeds of more than US$620m
- More than US$300m in multi-year Digit v5 orders secured, milestone-contingent
- Digit has logged over 65,000 operating hours across nine customer facilities
- 60,000 sq ft physical AI hub opened in Fremont, California (announced July 16, 2026), adding nearly 200 roles alongside Salem, Oregon manufacturing
Why it matters
The humanoid IPO window that opened this year is being tested on a single question: can any of these companies show operating history rather than order intent? Sixty-five thousand hours across nine facilities is a small number against a labour market and a large one against every competitor's disclosure.
It also sets a comparison point. Unitree priced its Shanghai listing at about 61 billion yuan on hardware sales; Agility is listing at $2.5 billion pre-money on deployed hours and contingent orders. Public markets are about to price two different theories of what a humanoid company is.
Frequently Asked
What is the valuation?
US$2.5 billion pre-money, with more than US$620 million in expected gross proceeds.
What is the deployment record?
65,000+ operating hours across nine customer facilities, plus $300m+ in contingent Digit v5 orders.
Why does that matter?
It is one of the few humanoid disclosures based on operating history rather than order intent.