Salem-based Agility Robotics is taking its humanoid robots to Wall Street, announcing today that it will go public through a merger with Churchill Capital Corp XI that values the maker of the Digit humanoid at roughly $2.5 billion. The company says the deal is meant to speed up production at its RoboFab facility in Salem and expand commercial deployments of its Digit v5 robots in warehouses and factories.
According to Business Wire, Agility and Churchill have entered a definitive business combination that would list the combined company under the ticker "AGLT" and provide more than $620 million of gross transaction proceeds, including about $420 million from Churchill's trust account plus roughly $200 million from a committed PIPE at $10 per share. The press release frames the $2.5 billion figure as a pre-money equity value and says the transaction is expected to close in 2026, subject to shareholder votes, SEC review of a Form S-4 and other customary conditions.
Deal mechanics and timeline
The parties disclosed the agreement and supporting exhibits in a Form 8-K filed with the SEC and posted on StockTitan, which notes that all existing Agility shareholders will roll 100% of their equity into the combined company and be locked up for 180 days after closing. The filing also attaches an investor presentation and the merger agreement, and reiterates that closing hinges on shareholder approval, regulatory sign-offs and securing a stock-exchange listing.
Salem factory and local impact
Agility's RoboFab manufacturing hub in Salem sits at the center of the company’s growth story. As described by Agility Robotics, RoboFab is designed to scale to more than 10,000 robots a year and to source a large share of Digit parts within the United States. Local coverage has already cast Agility's late-stage funding and expansion as a major driver of venture activity in Oregon and a focal point for state economic development discussions, with the company's outsized role in the region's recent VC totals drawing particular attention.
Backers and commercial traction
The companies say strategic backers include DCVC, NVIDIA, Amazon, SoftBank Vision Fund 2, Foxconn, Schaeffler, Abico and Playground Global. Agility reports more than $300 million of multi-year contracted Digit v5 orders to date, a central plank of the SPAC pitch that the business is ready to move beyond pilots into recurring commercial deployments. The investor list and booked orders are the headline evidence Agility is using to argue it can scale revenue and production quickly once public.
Market risks and next steps
Transaction filings and the accompanying press materials spell out familiar risks, including potential redemptions by public SPAC holders, SEC review of the registration statement and the operational challenge of scaling production and supply chains to meet customer commitments. Churchill and Agility say they will host an investor call and publish transaction materials on their investor pages as they move toward a shareholder vote and an anticipated 2026 closing.
For Salem, a successful close would cement the city’s place in a nascent U.S. humanoid-robotics supply chain and could turn those ordered robots into factory floor jobs and local supplier activity. The initial report of the merger appeared in the Portland Business Journal and has since been picked up by national outlets as the companies proceed through the S-4 and shareholder-approval process.
