Vora Capital Hg, a major owner of Hydra Industries Acquisition Corp., has just filed an initial statement of beneficial ownership where 2,850,000 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 Hg. Hg operates out of New York, NY. Some additional info was provided as follows:
This Form 3 is filed jointly by HG Vora Capital Management, LLC ("HG Vora Capital"), HG Vora Special Opportunities Master Fund, Ltd. ("HG Vora Special Opportunities"), and Parag Vora (collectively, the "Reporting Persons").
Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more th
an 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
Securities owned directly by HG Vora Special Opportunities. HG Vora Capital is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and acts as an investment adviser to certain investment entities. HG Vora Capital, as investment manager of HG Vora Special Opportunities, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities. Parag Vora, as the managing member of HG Vora Capital, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Hydra Industries Acquisition Corp. makes a similar move, sign up!
Other recent filings from the company include the following:
Hydra Industries Acquisition: Inspired Entertainment, Inc. Announces Virtual Events Deal WITH MICHIGAN BUREAU OF STATE
LOTTERY - Feb. 22, 2017
Parag Vora just provided an update on share ownership of Hydra Industries Acquisition Corp. - Feb. 14, 2017
WEISS ASSET MANAGEMENT LP just issued a filing suggesting it has sold all of its Hydra Industries Acquisition Corp. - Feb. 14, 2017
CNH Partners, LLC just provided an update on share ownership of Hydra Industries Acquisition Corp. - Feb. 13, 2017
Hydra Industries Acquisition: Inspired Entertainment, Inc. Reports First Quarter 2017 Results - Feb. 13, 2017