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.
READFirst 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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Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...