Agility Robotics, the humanoid robotics startup that spun out of Oregon State University in 2015, expects to generate $620 million in proceeds.

Finally we have the first U.S. humanoid robot company going public. Unfortunately, it's via a SPAC, not an IPO. Still, it's a big step for the humanoid space.

Agility reportedly plans to go public through a $2.5 billion SPAC merger. Here's what investors need to know about the deal and the broader SPAC landscape.