Hydra Acquisition prices downsized IPO at $10

Hydra Industries Acquisition, a blank check company formed by A. Lorne Weil and sponsored by Macquarie, raised $80 million by offering 8 million units (down from 10 million units) at $10. Hydra Industries Acquisition plans to list on the NASDAQ under the symbol HDRAU. UBS Investment Bank acted as the lead manager on the deal.