Robotics · 15 October 2026 · 6 min read
The SEC has cleared Agility’s listing papers. The shares are not trading yet
Churchill Capital XI votes on 2 November. Agility says the deal could bring in more than $620 million, if shareholders do not take their cash out, and that the stock would trade as AGLT. Nine customer sites today is not 25.
Agility Robotics said on 13 October that the US Securities and Exchange Commission had declared effective the registration statement for its proposed merger with Churchill Capital Corp XI. Churchill has set 2 November 2026 for the shareholder meeting that would approve the deal. Agility says the combined company would list on Nasdaq as AGLT, and that it expects to close in November. Effective papers are permission to ask shareholders. They are not a ticker that anyone can buy today.
The cash figure is more than $620 million in gross proceeds, and it has two parts. About $424 million is cash already in Churchill’s trust, and that number assumes Churchill’s public shareholders do not redeem. About $200 million is a stock sale led by Foxconn, with other existing and new investors. Agility says the money is for existing orders, more deployments, and production of Digit 5. Its own risk language says redemptions could leave the combined company with less cash than the plan needs. The headline number and the cash that arrives are not the same thing until the vote is over.
What the company says it is listing
Agility describes the result as the only US-listed pure-play humanoid company with commercial deployments already running. That is its wording. In the same release it says it has a commercial robot-as-a-service agreement with Toyota Motor Manufacturing Canada, after a pilot, to put Digit into manufacturing, supply chain and logistics work, with room to expand. It also says Nvidia selected it as the launch partner for Halos, which Agility calls a full-stack safety system for physical AI and humanoids. Neither sentence is a count of robots on a Toyota line this week, or a published safety record for Halos.
The scale it states as a goal is a pipeline of more than 30 potential customers, in talks or in its Customer Acceleration Program, toward about 100, and committed facility deployments from nine today to as many as 25. The release does not put a date on the 25. Digit 5, it says, is on track for early customer access in early 2027, with the usual caveat that contractual milestones and product specifications still have to be met. A listing, if the vote passes and the cash stays, funds that plan. It does not complete it. The battery partnership filed separately today is part of the same unfinished machine.