Humanoid robot maker Agility lists on Nasdaq via SPAC, raising $465 million

What happened

Agility, which builds the two-legged Digit humanoid robot, began trading on the Nasdaq after combining with a special purpose acquisition company in a reverse merger, TechCrunch reported. The deal brings in $465 million in fresh capital from retail investors plus a private funding tranche, and makes Agility the first publicly listed company focused solely on humanoid robots.

CEO Peggy Johnson said 30 customers have lined up prospective deals worth $300 million for Digit 5, the company's next robot, and that this pipeline was a major reason for listing. She did not name the customers. Closing those deals depends on Digit 5 meeting undisclosed targets for throughput, uptime and placement accuracy. The company plans to show prototypes at CES 2027 and make the robot widely available late that year.

Agility brought in $174,000 in revenue in the first half of 2026, largely from related parties, while losing $362 million. Johnson said the new capital covers current needs but declined to say whether it would carry the company to self-sufficiency. She also withheld Digit 5 production targets, though the company has said its plant could build 10,000 units a year.

Context

Agility began in 2015 as a spinout by Oregon State University researchers, predating the current wave of physical AI investment. Its Digit robots, used mostly to move heavy totes, work at nine customer sites, with GXO, Mercado Libre, Schaeffler and Toyota Motor Manufacturing Canada among the users. About a year ago, Figure AI CEO Brett Adcock predicted on social media that Agility would go bankrupt within 12 months.