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.
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