Jeff S Lipkin, Executive VP of Hydra Industries Acquisition Corp., recently disposed of 39,000 shares of the company. The disposals took place at $0.00 per share, on December 08, 2014. Lipkin still owns 315,250 shares of the company. Lipkin operates out of New York, NY. Some additional info was provided as follows:

As contemplated in connection with the initial public offering of Hydra Industries Acquisition Corp. (the "Issuer"), 39,000 shares of common stock, par value $0.0001 per share, were returned to the Issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised. Represents shares of common stock held by JL Hercules LLC. Jeffrey Lipkin, the Chief Financial Officer and Chief Operating Officer of the Issuer, is the sole member of JL Hercules LLC. 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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