NEW YORK, Nov. 3, 2016 /PRNewswire/ -- Hydra
Industries Acquisition Corp. ("Hydra" or the "Company") (NASDAQ:
HDRA, HDRAU, HDRAW, HDRAR) announced today that its stockholders of
record as of the close of business on November 9, 2016 (the "Record Date") will be
invited to attend a special meeting of stockholders to consider and
vote upon a proposal to approve the previously announced business
combination between Hydra and Inspired Gaming Group, a global games
technology company headquartered in London, United Kingdom. The date, time and
location of the special meeting will be set and announced at a
later time. Only holders of record of Hydra's common stock at the
close of business on November 9, 2016
will be entitled to notice of, and to vote at the special meeting
and any adjournments or postponements thereof. The full
special meeting agenda will be included in Hydra's definitive proxy
statement, which will be mailed to all stockholders of record as of
the Record Date.
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Additional Information About the Transaction and Where to
Find It
Hydra filed an amended preliminary proxy statement with the SEC
on November 1, 2016 in connection
with the proposed business combination. Stockholders are urged to
read the preliminary proxy statement and amendments thereto, and,
once available, the definitive proxy statement. Hydra's SEC
filings, including the preliminary proxy statement, can be obtained
without charge on the SEC's website at www.sec.gov and on Hydra's
website at www.hydraspac.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include
statements concerning the potential business combination. These
statements are based on Hydra's management's current expectations
and beliefs, as well as a number of assumptions concerning future
events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of Hydra's control that could cause actual
results to differ materially from the results discussed in the
forward-looking statements. Additional factors that could cause
actual results to differ materially from those expressed or implied
in forward-looking statements can be found in Hydra's most recent
annual report on Form 10-K and subsequently filed quarterly reports
on Form 10-Q and current reports on Form 8-K, which are available,
free of charge, at the SEC's website at www.sec.gov and on Hydra's
website at www.hydraspac.com.
About Inspired Gaming Group
Inspired is a global games technology company, supplying
Virtual Sports, Mobile Gaming and server-based gaming systems with
associated terminals and digital content to regulated betting and
gaming operators around the world. Inspired currently operates more
than 25,000 digital gaming terminals and supplies its Virtual
Sports products in more than 30,000 venues and on over 200 websites
in 30 countries. Inspired employs over 800 employees in the UK and
elsewhere, developing and operating digital games and networks.
Additional information can be found at
www.inspiredgaminggroup.com
About Hydra Industries Acquisition Corp.
Hydra is a blank check company formed for the purpose of
effecting a merger or other business combination with a target
company. Hydra was founded by gaming industry veteran Lorne Weil and raised $80
million on October 29, 2014 in
its Initial Public Offering. In addition, Macquarie Capital
co-sponsored Hydra's efforts to source acquisitions and provided a
$20 million forward equity commitment
which, with Hydra's existing cash in trust, will be used to fund
the proposed transaction.
Additional information can be found at www.hydraspac.com.
About Macquarie and Macquarie Capital
Macquarie Group ("Macquarie") is a global provider of banking,
financial, advisory, investment and funds management services.
Macquarie's main business focus is making returns by providing a
diversified range of services to clients. Macquarie acts on behalf
of institutional, corporate and retail clients and counterparties
around the world. Founded in 1969, Macquarie operates in more than
70 office locations in 28 countries. Macquarie employs
approximately 14,000 people and has assets under management of over
$367.4 billion (as of March 31, 2016).
Macquarie Capital comprises Macquarie Group's corporate
advisory, capital markets and principal investing capabilities.
Macquarie Capital's expertise spans a variety of industry sectors,
including telecommunications, media, entertainment, gaming,
financial institutions, industrials, energy, resources, real
estate, infrastructure, utilities and renewables.
The Company and its directors and executive officers may be
deemed to be participants in a solicitation of proxies for a
special meeting of stockholders to be held to approve the proposed
business combination. Information regarding the Company's directors
and executive officers is available in its Form 10-K for the year
ended December 31, 2015 filed with
the U.S. Securities and Exchange Commission. No person other than
the Company has been authorized to give any information or to make
any representations on behalf of the Company in connection with the
proposed business combination, and if given or made, such other
information or representations must not be relied upon as having
been made or authorized by the Company.