Agility Robotics is set to become the first publicly traded company focused exclusively on humanoid robotics on Thursday. Founded a little more than a decade ago as a spin-off from Oregon State University’s robotics lab, the company will trade on Nasdaq under the “AGLT” ticker. It plans to raise $465 million through a merger with a special-purpose acquisition company, equity funding and an investment led by Foxconn. The transaction is intended to give it a first-mover advantage in a growing market, but its steep losses are raising concerns about its financial health.
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