Agility Robotics begins trading on Nasdaq
Agility Robotics began trading on the Nasdaq Stock Market this morning under the ticker “AGLT,” after the company completed its merger with special-purpose acquisition company, or SPAC, Churchill Capital Corp XI. Agility’s stock opened at $11.26 per share, which was above the $10 per share price used in the SPAC deal. The Salem, Ore.-based company‘s stock was at $10.30 as of press time. “Today marks an important milestone for Agility, but the bigger story is what it me
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Agility Robotics, a legged humanoid robot company, completed a merger with a special-purpose acquisition company and began trading publicly on the Nasdaq Stock Market. The company makes Digit, a humanoid robot that has logged thousands of hours performing warehouse tasks for multiple customer facilities. The public offering provides the company with approximately $465 million in gross proceeds to accelerate production of its next-generation robot and potentially expand into new robot designs and licensing strategies. This milestone represents a significant step for the commercial humanoid robotics industry, as Agility is described as the first pure-play legged humanoid company to go public.
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