Agility Robotics plans to go public via SPAC in a $2.5B deal

Agility Robotics, the humanoid robotics startup that spun out of Oregon State University in 2015, plans to go public through a merger with special purpose acquisition company Churchill Capital Corp XI in a deal that values the company at roughly $2.5 billion.

The transaction is expected to generate more than $620 million in proceeds, including about $200 million from a group of new and existing institutional investors, the company said.