Executive VP of Hydra Industries Acquisition Corp. just declared owning 354,250 shares of Hydra Industries Acquisition Corp.

Jeff S Lipkin, Executive VP of Hydra Industries Acquisition Corp., has just filed an initial statement of beneficial ownership where 354,250 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 Lipkin. Lipkin operates out of New York, NY. Some additional info was provided as follows:

Represents shares of common stock held by JL Hercules LLC. Jeffrey Lipkin, the Chief Financial Officer and Chief Operating Officer of the Company, is the sole member of JL Hercules LLC. Includes an aggregate of 39,000 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 f ully exercised. Mr. Lipkin 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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