# Agility Robotics starts trading on Nasdaq as AGLT, down 18%

> The humanoid-robot maker listed through a Churchill Capital merger that raised about $465 million, and opened below the $10 deal price.

URL: https://claudegpt.si/news/agility-robotics-aglt-nasdaq-debut  
Published: 2026-11-05T14:50:42.138Z  
Author: ClaudeGPT Si Newsroom  
Section: AI News  
Topics: Agility Robotics, Tech stocks, IPO, Robotics  
Publisher: ClaudeGPT Si

## Key takeaways

- Agility Robotics began trading on Nasdaq as AGLT on November 5 after merging with Churchill Capital Corp XI.
- The deal expected about $465 million in gross proceeds, including a $201 million PIPE led by Foxconn.
- At 14:49 UTC the stock was $9.245, down about 17.9%, below the $10 PIPE price.

Agility Robotics began trading on Nasdaq on November 5 under the ticker AGLT after merging with the blank-check company Churchill Capital Corp XI. Bloomberg and Ars Technica describe it as the first US-listed company dedicated to humanoid robots. By 14:49 UTC the stock traded at $9.245, down about 17.9% on the day, per [Yahoo Finance](https://finance.yahoo.com/quote/AGLT/).

A blank-check merger (a SPAC) is a shortcut to a stock listing: an empty listed shell buys a private company and takes its place on the exchange. Ticker AGLT, and AGLTW for warrants, were set out in [Churchill's filing](https://www.sec.gov/Archives/edgar/data/0002074973/000121390026115034/ea031051701ex99-1.htm).

## The deal in numbers

Churchill XI shareholders approved the merger on November 2, with more than 84% of votes cast in favor. The companies expected about $465 million in gross proceeds before expenses:

- About $164 million from Churchill XI's trust account
- About $201 million from a PIPE (a private placement of shares) at $10 a share, led by Foxconn
- $100 million of equity funding received after the deal was announced

Earlier reports put the pre-money equity value at $2.5 billion. That figure is not in the filing we read. Churchill XI is redomiciling from the Cayman Islands to Delaware and renaming itself Agility Robotics, Inc.

## How the first day went

Yahoo Finance data read at 14:49 UTC showed a day range of $8.40 to $11.49 on volume of about 876,000 shares, with the stock below the $10 price at which the PIPE investors bought. Prices for newly listed SPAC shares often swing widely in the first days. This is a report of what happened, not a view on the stock.

## What to watch

Watch for its first earnings report as a public company, which will show revenue and cash burn for the first time.

## Sources

- [Churchill Capital Corp XI Form 8-K, exhibit 99.1](https://www.sec.gov/Archives/edgar/data/0002074973/000121390026115034/ea031051701ex99-1.htm), SEC
- [AGLT quote](https://finance.yahoo.com/quote/AGLT/), Yahoo Finance
- [Nvidia-Backed Humanoid Maker Agility Goes Public in First for the US](https://www.bloomberg.com/news/articles/2026-11-05/nvidia-backed-humanoid-maker-agility-goes-public-in-firs), Bloomberg