According to media reports citing company executives, Agility Robotics is set to become a publicly traded company through a merger with Churchill Capital Corp XI.

This transaction values the robotics startup at approximately $2.5 billion.

The deal is expected to generate total proceeds exceeding $600 million.

This includes $420 million in cash from Churchill XI and over $200 million raised through a private investment in public equity (PIPE) transaction led by Taiwan's Foxconn.

The public entity will trade on the stock exchange under the ticker symbol AGLT.

Based in Oregon, the company manufactures commercial humanoid robots named "Digit."

Agility has already secured orders for a new version of Digit currently in development, which will feature enhanced dexterity for handling smaller objects and incorporate higher safety standards.