Major owner of Hydra Industries Acquisition Corp. just declared owning 1,298,300 shares of Hydra Industries Acquisition Corp.

Asset Management Polar, a major owner of Hydra Industries Acquisition Corp., has just filed an initial statement of beneficial ownership where 1,298,300 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 Polar. Polar operates out of Toronto, A6. Some additional info was provided as follows:

Polar Asset Management Partners Inc. ("PAMP") serves as investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("MSF") and has sole voting and investment discretion with respect to the securities reported herein which are held by MSF. PAMP disclaims beneficial ownership of the securities reported herein, and this repor t shall not be deemed an admission that PAMP is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose, except to the extent of PAMP's pecuniary interest therein.

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

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