Exec VP of Hydra Industries Acquisition Corp. just declared owning 61,932 shares of Hydra Industries Acquisition Corp.

Martin E Schloss, Exec VP of Hydra Industries Acquisition Corp., has just filed an initial statement of beneficial ownership where 61,932 shares of Hydra Industries Acquisition Corp. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Schloss. Schloss operates out of New York, NY. Some additional info was provided as follows:

Represents shares of common stock held by MS Hercules LLC. Martin Schloss, the General Counsel and Secretary of the Company, is the sole member of MS Hercules LLC. Includes an aggregate of 6,818 shares that are subject to forfeiture to the extent that the underwriter's over-allotment option in the Company's initial public offering is not fully exercised. Mr. Schl oss has sole voting and dispositive control over such securities.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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