NEW YORK, Dec. 10, 2014 /PRNewswire/ -- Hydra Industries
Acquisition Corp. (NASDAQ: HDRAU) (the "Company"), a newly
organized blank check company formed for the purpose of effecting a
merger or other business combination with a target company, today
announced that the holders of the Company's units may elect to
separately trade the common stock, rights and warrants underlying
the units commencing on December 11,
2014. Those units not separated will continue to trade on the
NASDAQ Capital Market under the symbol "HDRAU" and the common
stock, rights and warrants are expected to trade under the symbols
"HDRA", "HDRAR" and "HDRAW", respectively.
A registration statement relating to these securities has been
filed with and declared effective by the Securities and Exchange
Commission on October 24, 2014.
This press release shall not constitute an offer to sell nor the
solicitation of an offer to buy, any securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. A copy of
the prospectus relating to the Company's offering of units may be
obtained for free by visiting the U.S. Securities and Exchange
Commission website at http://www.sec.gov. Alternatively, a
copy of the prospectus relating to the Company's offering of units
may be obtained from UBS Investment Bank, Attn: Prospectus
Department/Syndicate, 299 Park Avenue, New York, NY 10171; Telephone: (888)
827-7275.
For more information: http://www.hydraspac.com
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements". Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
prospectus relating to the Company's offering of units filed with
the Securities and Exchange Commission ("SEC"). Copies are
available on the SEC's website, http://www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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SOURCE Hydra Industries Acquisition Corp.