Agility Robotics lists on Nasdaq as AGLT and closes its first day about 2% above the open
The humanoid maker completed its merger with Churchill Capital Corp XI and raised about $465 million gross; the stock opened at $11.26, ranged from $8.40 to $12.15 and closed at $11.49, according to The Robot Report.
Why it matters
Agility calls itself the first US-listed pure-play humanoid company with active commercial deployments, citing more than 65,000 operating hours and more than $300 million of multi-year Digit 5 orders that depend on contractual milestones. The listing came on a day when most robotics and tech stocks fell: The Robot Report says Serve Robotics lost 12.45 percent. The share price held roughly flat against its open despite a wide intraday range. Watch lock-up expiries 180 days after closing, Digit 5 delivery milestones and how public markets price humanoid revenue.
Key facts
- Trades on Nasdaq as AGLT after the Churchill Capital Corp XI merger closed on 4 November
- About $465 million gross capital from the combination and related financings
- More than $300 million of multi-year Digit 5 orders, subject to milestones
- More than 65,000 hours of operation in nearly three years of deployments
- Opened $11.26, low $8.40, high $12.15, closed $11.49 (The Robot Report)