Agility falls below issue price the day after listing as Foxconn backstop funds recede

On November 6, US Eastern Time, humanoid robotics company Agility (AGLT) closed down 14%, falling below the $10 issue reference price, after rising 2.22% against the trend the previous day. The SPAC listing had a redemption rate of 61.5% among existing shareholders, and the shortfall was filled by a $201 million PIPE led by Foxconn; selling pressure emerged after the backstop funds were absorbed. The article compares Figure AI's valuation of about $39 billion, Unitree Robotics' market value of 100 billion RMB, and Agility's listing valuation of about $2.5 billion, arguing that the secondary market is shifting toward pricing based on orders and delivery schedules.