Current Report Filing (8-k)
October 05 2016 - 5:29PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (date of earliest event reported):
September 29, 2016
HYDRA INDUSTRIES ACQUISITION CORP.
(Exact name of registrant as specified in
its charter)
Delaware
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001-36689
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47-1025534
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(State or other jurisdiction of incorporation or organization)
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(Commission file number)
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(I.R.S. Employer Identification No.)
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250 West 57th Street, Suite 2223
New York, New York
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10107
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including
area code:
(646) 565-3861
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (
see
General Instruction A.2. below):
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))
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On September 29,
2016, Hydra Industries Acquisition Corp. (the “Company”) entered into promissory notes with Hydra Industries
Sponsor LLC (“Hydra Sponsor”) and MIHI LLC (“Macquarie Sponsor”), respectively, in the principal
amount of $100,000 each, for an aggregate principal amount borrowed of $200,000 (the “Loans”). The purpose of
the Loans is to fund the Company’s working capital expenses as it seeks to consummate an initial business
combination.
The promissory notes
are payable as promptly as possible upon the consummation of a business combination by the Company, in accordance with the documents
setting out the terms of its initial public offering (the “IPO”), but in no event later than thirty (30) days after
the date of such consummation. Both the Hydra Sponsor, an affiliate of the Company’s chief executive officer, A. Lorne Weil,
and the Macquarie Sponsor were sponsors of the Company’s IPO and are beneficial owners of the Company’s equity securities.
A form of the promissory notes is included
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.
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Financial Statement and Exhibits.
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Exhibit
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Description
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99.1
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Form of Promissory Note
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SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: October 5, 2016
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HYDRA INDUSTRIES ACQUISITION CORP.
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By:
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/s/ Martin E. Schloss
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Name:
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Martin E. Schloss
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Title:
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Executive Vice President, General Counsel and Secretary
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EXHIBIT INDEX
Exhibit
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Description
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99.1
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Form of Promissory Note
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