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

Asset Management Polar, a major owner of Hydra Industries Acquisition Corp., recently disposed of 1,298,300 shares of the company. The disposals took place at $10.05 per share, on dates ranging from December 20 to December 21, 2016. Polar no longer owns any shares of the company. Polar operates out of Toronto, A6. Some additional info was provided as follows:

Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, (the "Reporting Person") serves as investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") and has sole voting and investment discretion with respect to the securities reported herein which are held by PMSMF. The Reporting Person disclaims beneficial ownership of the securi ties reported herein, and this report shall not be deemed an admission that Reporting Person 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 Reporting Person'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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