Agility Robotics will go public through a $2.5 billion SPAC deal.

According to reports citing executives of the company on Wednesday, Agility Robotics will go public through a merger with Churchill Capital Corp XI, with this transaction valuing the startup at approximately $2.5 billion. The two parties expect the deal to raise over $600 million in total proceeds, including $420 million in cash from Churchill XI and over $200 million raised through a "private investment in public equity" led by Taiwan's Foxconn. The public company will be listed under the ticker symbol AGLT. According to its website, the Oregon-based company produces a commercial humanoid robot called "Digit." Agility has already received orders for a new version of Digit currently in development, which will have finer dexterity to manipulate smaller objects and will adhere to higher safety standards.