According to a recent filing with the US Securities and Exchange Commission, Andrew Weiss‘ Weiss Capital Management, has increased its exposure to blank check company Hydra Industries Acquisition Corp. (NASDAQ:HDRA). The investor has added 500,000 shares of the company, taking the position to 556,716 shares, versus 56,716 shares it disclosed in its last 13F filing. Following the increase, Weiss owns 5.57% of Hydra Industries Acquisition Corp.
As a blank check company, Hydra Industries Acquisition Corp. (NASDAQ:HDRA) plans to acquire a business or several other businesses. The company is sponsored by a subsidiary of Macquarie Group Limited and its management team previously built Scientific Games Corp (NASDAQ:SGMS). Since its IPO in October, 2014, the stock has inched up by around 4%.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|WEISS ASSET MANAGEMENT||0||556,716||0||556,716||556,716||5.57%|
|ANDREW M. WEISS, PH.D||0||556,716||0||556,716||556,716||5.57%|
Page 1 of 10 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. )*
Industries Acquisition Corp.
(Name of Issuer)
Common stock, par value $0.0001 per share
(Title of Class of Securities)
April 26, 2016
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
|*||The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information |
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).