Agility Robotics plans to enter the public markets through a merger with Churchill Capital Corp XI, a special-purpose acquisition company, in a transaction that values the humanoid robotics company at $2.5 billion before new money.

The company says the deal is expected to deliver more than $620 million in gross proceeds, including about $200 million from a common-stock PIPE at $10 per share. If completed, the combined company is expected to trade under the ticker AGLT.

Agility is best known for Digit, a bipedal robot designed for logistics, manufacturing, and warehouse material-handling work. The company says the proceeds will help fulfill existing customer orders, expand commercial deployments, scale production of Digit v5, and continue development of its broader robot platform.

The transaction is still subject to the usual closing conditions, including shareholder approval and regulatory review. That matters because SPAC announcements can change before listing, and the headline valuation is not the same thing as cash already on the balance sheet.

The signal is still notable. Humanoid robotics has attracted large private funding rounds, but public-market access remains limited for investors trying to separate lab demos from commercial deployments. Agility's pitch is that Digit is already moving beyond prototype work into practical labor automation for customers handling repetitive physical tasks.

The conservative read is that this is a financing and scaling milestone, not proof that humanoids are ready for broad deployment everywhere. It does, however, put one of the better-known warehouse humanoid companies on a path toward public scrutiny of its orders, margins, production capacity, and deployment economics.