The Latest SPAC News and Rumors: March 18, 2022
by Marlena Haddad on 2022-03-18 at 11:58am

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Hydrow raises $55 million, and first Hong Kong SPAC has slow start in trading debut

Hydrow Raises $55M as the At-Home Fitness Industry Faces a Post-Lockdown Reckoning

Hydrow, maker of a $2,500 connected rowing machine, said Thursday it has landed another $55 million in funding to fuel its growth while the at-home fitness industry undergoes a shakeout as consumers return to gyms after two years of Covid-related lockdowns and restrictions.

The Series D round brings its total funding to date to more than $255 million, the company said.

Last June, Hydrow was exploring pursing an initial public offering, or merging with SPAC Sandbridge X2 Corp. (NYSE:SBII) at a valuation of more than $1 billion.

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First Hong Kong-Listed SPAC Has Slow Start In Trading Debut

Aquila Acquisition Corp., the first SPAC to list in Hong Kong, had a slow debut Friday as few investors are qualified to trade the shares.

The SPAC closed 3.2% lower at HK$9.68 after a session marked by only a few trades. The firm backed by CMB International Asset Management and AAC Mgmt Holding raised about $128 million in the IPO with shares sold at HK$10 each, inaugurating rules for blank-check companies effective since January.

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The Latest SPAC News and Rumors: March 18, 2022
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by Nicholas Alan Clayton on 2025-07-01 at 11:33am

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An In-Depth Look at SPAC Activity Through the Second Quarter & First Half 2025 Below is a summary of the first half of 2025 SPAC market. If you’d like a pdf copy, you can access the link HERE. Q2 kicked off in chaos. President Trump’s shifting and often contradictory tariff announcements sent markets reeling, driving...

by Nicholas Alan Clayton on 2025-07-01 at 8:25am

At the SPAC of Dawn The market is set to be showered with new SPACs today as three more SPACs priced their IPOs overnight, bringing 2025’s total to 66, already surpassing the full-year total of 2024. After hours, Ribbon (NASDAQ:RIBB) also added a new SPAC deal to June’s tally just under the wire, bringing the...

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