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Hydrow in Talks to Go Public in Sandbridge X2 SPAC Deal

Hydrow, a maker of rowing machines, is in talks to go public through a merger with Sandbridge X2 Corp., according to people with knowledge of the matter.

The companies are in discussions about a transaction that values the combined entity at more than $1 billion, some of the people said. Sandbridge X2 is in talks with prospective investors about raising a private investment in public equity, one of the people added. Terms aren’t finalized and it’s possible talks could fall apart.