Hydra Industries Acquisition Corp. Just Filed Its Quarterly Report: Net loss per share...

Net loss per share
 
The Company complies with accounting and disclosure requirements of ASC To pic 260, “Earnings Per Share.” Net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Shares of common stock subject to possible redemption at June 30, 2016 and 2015 have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of warrants to purchase 7,875,000 shares of common stock and rights that convert into 800,000 shares of common stock in the calculation of diluted loss per share, since the exercise of the warrants and the conversion of the rights into shares of common stock is contingent upon the occurrence of future events. As a result, diluted loss per share is the same as basic loss per share for the periods presented.

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

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Other recent filings from the company include the following:

Submission of Matters to a Vote of Security - July 19, 2017
Hydra Industries Acquisition Corp. just filed a prospectus, suggesting it plans to soon issue some securities - July 18, 2017
Hydra Industries Acquisition Corp. Just Received a Notice of Effectiveness - July 17, 2017
Securities to be offered to employees in employee benefit plans - July 14, 2017
General form for registration of securities under the Securities Act of 1933 - July 14, 2017

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