Agility Robotics, a maker of humanlike machines built to carry totes in warehouse and industrial settings, plans to go public through a merger with a special-purpose acquisition company that would value the Salem, Oregon-based firm at $2.5 billion.
The company announced Wednesday the intended combination with Churchill Capital Group, a SPAC led by co-founder and Chairman Michael Klein. The transaction is expected to close by the end of 2026, the company said.
Agility’s flagship product, called Digit, is designed to pick up and move heavy bins and totes in warehouses. In a statement, Klein described Digit as the “first humanoid robot employed and commercially operational in warehouse and industrial facilities.”
The listing would make Agility the first publicly traded company whose sole business is building and selling humanoid robots. The move represents a test of whether Wall Street sees a market for AI-powered humanoid machines in the workforce.
Agility’s competitors include Tesla, whose CEO Elon Musk has positioned its humanoid prototype Optimus as a key part of the carmaker’s future, and Chinese robotics company Unitree, which recently took steps toward going public on the Shanghai stock exchange.
The deal comes amid a broader wave of AI-related companies pursuing public listings. Several firms developing artificial intelligence technologies have announced or completed IPOs in recent months, reflecting strong investor interest in the sector.