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Hydrow rumored to go public via a SPAC merger
Connected Fitness
Aug 3, 2021
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Connected Fitness

Connected Fitness

Aug 3, 2021

Hydrow rumored to go public via a SPAC merger

M&A
Funding

  • Hydrow, a connected rower manufacturer, is said to be in talks to go public via a merger with the special purpose acquisition company (SPAC) Sandbridge X2 Corp. The deal could value the combined entity at more than USD 1 billion, though the terms have not yet been finalized.

  • Reportedly, the SPAC is also in talks with investors to raise private investment in public equity (PIPE).

  • Neither Hydrow nor Sandbridge representatives have released a statement on the possible merger. 

  • Hydrow manufactures a connected rower designed to simulate the experience of rowing on water while indoors and at home. The device is equipped with a screen that plays outdoor rowing workouts for users to perform. In addition to the rower, users can access live classes and a library of on-demand videos (both rowing and other exercises such as yoga) for a subscription fee.

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