Statement of acquisition of beneficial ownership by individuals

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Hydra Industries Acquisition Corp.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.0001
(Title of Class of Securities)
448740 100
(CUSIP Number)
December 31, 2014
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No.   448740 100

1.

Name of Reporting Persons

Hydra Industries Sponsor LLC

2.

Check the Appropriate Box if a Member of a Group  (See Instructions)

(a) ¨

(b) ¨

3.

SEC Use Only

4.

Citizenship or Place of Organization

State of Delaware

Number of Shares
Beneficially
Owned
By Each Reporting
Person With:

5.

Sole Voting Power

1,186,308

6.

Shared Voting Power

0

7.

Sole Dispositive Power

1,186,308

8.

Shared Dispositive Power

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,186,308

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

(See Instructions)

11.

Percent of Class Represented by Amount in Row (9)

11.9%

12.

Type of Reporting Person (See Instructions)

OO

CUSIP No. 448740 100

1.

Name of Reporting Persons

A. Lorne Weil

2.

Check the Appropriate Box if a Member of a Group(See Instructions)

(a) ¨

(b) ¨

3.

SEC Use Only

4.

Citizenship or Place of Organization

United States

Number of Shares
Beneficially
Owned
By Each Reporting

Person With:

5.

Sole Voting Power

0

6.

Shared Voting Power

1,186,308

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

1,186,308

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,186,308

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

(See Instructions)

11.

Percent of Class Represented by Amount in Row (9)

11.9%*

12.

Type of Reporting Person (See Instructions)

IN

* A. Lorne Weil has voting and dispositive power over the shares held by Hydra Industries Sponsor LLC (the “Sponsor”). Mr. Weil, B. Luke Weil, a son of Mr. Weil, and trusts for the benefit of Mr. Weil's children, B. Luke Weil, Nicholas Weil, Francesca Weil, and Alexander Weil, own all of the membership interests in the Sponsor. Mr. Weil may be deemed the beneficial owner of the securities held by the Sponsor.

Item 1(a). Name of Issuer
Hydra Industries Acquisition Corp. (the “Issuer”)
Item 1(b). Address of the Issuer’s Principal Executive Offices
250 West 57th Street, Suite 2223, New York, NY 10107
Item 2(a). Names of Persons Filing
This Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

(i) Hydra Industries Sponsor LLC
(ii) A. Lorne Weil

Item 2(b). Address of the Principal Business Office, or if none, Residence:
The address of the principal business and principal office of each of the Reporting Persons is Hydra Industries Acquisition Corp., 250 West 57th Street, Suite 2223, New York, NY 10107.
Item 2(c). Citizenship

(i) Hydra Industries Sponsor LLC is a limited liability company formed in the State of Delaware.
(ii) A. Lorne Weil is a citizen of Canada.

Item 2(d). Title of Class of Securities
Common Stock, $0.0001 par value per share.
Item 2(e). CUSIP Number
448740 100

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

¨ (a)  Broker or Dealer registered under Section 15 of the Exchange Act.
¨ (b) Bank as defined in Section 3(a)(b) or the Exchange Act.
¨ (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act.
¨ (d) Investment company registered under Section 8 of the Investment Company Act.
¨ (e) An Investment adviser in accordance with Rule 13d-1 (b)(1)(ii)(e).
¨ (f)  An employee benefit plan or endowment fund in accordance with Rule 13d 1(b)(1)(ii)(f).

¨ (g) A Parent Holding Company or control person in accordance with Rule 13d 1(b)(1)(ii)(g).
¨ (h) A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act.
¨ (i) A Church Plan that is excluded from the definition of an investment company under Section 3 (c)(14) of the Investment Company Act.
¨ (j) Group, in accordance with Rule 13d-1 (b)(1)(ii)(j).
Not applicable

Item 4.

Ownership

The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference.

Reporting Persons own an aggregate of 1,186,308 shares of the Issuer’s common stock, representing 11.9% of the total common stock issued and outstanding. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DATE: February 13. 2015

HYDRA INDUSTRIES SPONSOR LLC
a Delaware limited liability company
By: /s/ A. Lorne Weil
Name: A. Lorne Weil
Title: Managing Member
/s/ A. Lorne Weil
A. Lorne Weil

Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations

(See 18 U.S.C. 1001)

EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the shares of common stock, $0.0001 par value per share, of Hydra Industries Acquisition Corp., and further agree that this Joint Filing Agreement shall be included as an exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 13, 2015.

HYDRA INDUSTRIES SPONSOR LLC
a Delaware limited liability company
By: /s/ A. Lorne Weil
Name: A. Lorne Weil
Title: Managing Member
/s/ A. Lorne Weil
A. Lorne Weil

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

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