Embarc

Hydra Industries Acquisition Corp.

Merged
CIK: 1615063•Ticker: HDRA•Merged Ticker: INSE
Successfully merged with Inspired Gaming Group • Now trading as INSE

SPAC Overview

$80M
IPO Size
$80M
Trust (as of 2016-09-30)
Completed
Current Status
2014
IPO Year

Timeline Progress

About

Hydra Industries Acquisition Corp. is a blank-check company formed to effect a merger or similar business combination with one or more businesses, targeting enterprise values of approximately $250 million to $500 million without industry or geography limits.

Investment Focus

Technology, Manufacturing, Business Services

Geographic Focus

Latin America, Europe, Asia

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

Sponsors

MIHIHydra Industries Sponsor

Leadership

A Lorne Weil
Chairman of the Board of Directors, Chief Executive Officer, Executive Chairman of the Board of Directors, Executive Vice President, General Counsel, Secretary
Luke Lyon Alvarez
Chief Executive Officer, Director, President, President and Chief Executive Officer
Jeffrey S. Lipkin
Chief Financial Officer, Chief Operating Officer, Director, Director Nominee, Executive Vice President
Martin E. Schloss
Director, Executive Vice President, General Counsel, Secretary
Stewart F.B. Baker
Chief Financial Officer
Daniel B. Silvers
Chief Strategy Officer
David Gray Wilson
Chief Operating Officer
Lee William Gregory
Chief Commercial Officer, Server Based Gaming
Steven John Holmes
Chief Legal Officer
Steven Robert Rogers
Chief Commercial Officer, Chief Commercial Officer – Digital Games, Digital Games
Ira H. Raphaelson
Director
John M. Vandemore
Director
M. Alexander Hoye
Director
Nicholas Roger John Hagen
Director
Roger Dean Withers
Director
Jonathan S. Miller
Director, Director Nominee
Kenneth Shea
Director, Director Nominee
M. Brent Stevens
Director, Director Nominee
Stephen J. Dannhauser
Director, Director Nominee
George Peng
Nicholas B. Weil
Robert G. Stevens

Extended Team Information

The team has operating, strategic, M&A and capital-markets experience, including experience working together at Scientific Games. Chairman and CEO A. Lorne Weil has extensive operating and acquisition experience and a prior SPAC record; the Macquarie sponsor adds financial and deal-sourcing expertise.

Stock Performance

INSE
Trading Symbol
First Trade
2014-12-16
$9.55
At Merger
2016-12-30
$8.45
-12%
6 Months Post-Merger
2017-07-03
$13.15
+56%
1 Year Post-Merger
2018-01-02
$9.70
+15%
2 Years Post-Merger
2019-01-02
$4.86
-42%
Current Price
2026-10-02
$3.46
-64%

Key Information

IPO Date
2014-10-27
Total Redemptions
$18.7M
PIPE
$20M
State of Incorporation
DE
SIC
6770
Completion Date
2016-12-23
Merger Target
Inspired Gaming Group
SPAC Ticker
HDRA
Merged Ticker
INSE

External Resources

SEC Filings
View Detailed Analysis