<SEC-DOCUMENT>0001531612-23-000002.txt : 20230112
<SEC-HEADER>0001531612-23-000002.hdr.sgml : 20230112
<ACCEPTANCE-DATETIME>20230112162340
ACCESSION NUMBER:		0001531612-23-000002
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230112
DATE AS OF CHANGE:		20230112

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIFECORE BIOMEDICAL, INC. \DE\
		CENTRAL INDEX KEY:			0001005286
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				943025618
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0528

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45181
		FILM NUMBER:		23526151

	BUSINESS ADDRESS:	
		STREET 1:		3515 LYMAN BOULEVARD
		CITY:			CHASKA
		STATE:			MN
		ZIP:			55318
		BUSINESS PHONE:		9523684300

	MAIL ADDRESS:	
		STREET 1:		3515 LYMAN BOULEVARD
		CITY:			CHASKA
		STATE:			MN
		ZIP:			55318

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LANDEC CORP \CA\
		DATE OF NAME CHANGE:	19951222

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cove Street Capital, LLC
		CENTRAL INDEX KEY:			0001531612
		IRS NUMBER:				275376591
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		2101 EAST EL SEGUNDO BOULEVARD
		STREET 2:		SUITE 302
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245
		BUSINESS PHONE:		424-221-5897

	MAIL ADDRESS:	
		STREET 1:		2101 EAST EL SEGUNDO BOULEVARD
		STREET 2:		SUITE 302
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>lfcr13d01122023.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>Schedule 13D</TITLE>
</HEAD>

<BODY BGCOLOR="#FFFFFF" STYLE="text-transform: none; font: normal 9pt Arial, Helvetica, Sans-Serif">

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>


<P ALIGN="CENTER" STYLE="Font-Weight: Bold">UNITED STATES
<BR>SECURITIES AND EXCHANGE COMMISSION
<BR>Washington, D.C.  20549</P>

<P ALIGN="CENTER" STYLE="Font-Weight: Bold; Font-Size: 12pt">SCHEDULE 13D</P>

<P ALIGN="CENTER" STYLE="Font-Weight: Bold">Under the Securities Exchange Act of 1934
<BR>(Amendment No. _)*</P>


<P ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px Solid; Margin-Top: 0; Margin-Bottom: 0">LIFECORE BIOMEDICAL, INC</P>
<P ALIGN="CENTER" STYLE="Margin-Top: 0; Margin-Bottom: 15">(Name of Issuer)</P>

<P ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px Solid; Margin-Top: 0; Margin-Bottom: 0">Common Stock, par value $0.001 per share</P>
<P ALIGN="CENTER" STYLE="Margin-Top: 0; Margin-Bottom: 15">(Title of Class of Securities)</P>

<P ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px Solid; Margin-Top: 0; Margin-Bottom: 0">514766104</P>
<P ALIGN="CENTER" STYLE="Margin-Top: 0; Margin-Bottom: 15">(CUSIP Number)</P>

<P ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px Solid; Margin-Top: 0; Margin-Bottom: 0">525 South Douglas Street, Suite 225, El
Segundo, CA 90245</P>

<P STYLE="text-align: center; border-bottom: #000000 1px solid; margin-top: 0; margin-bottom: 0">(424) 221-5897<BR>
</P>
<P ALIGN="CENTER" STYLE="Margin-Top: 0; Margin-Bottom: 15">(Name, Address and Telephone Number of Person<BR>
Authorized to Receive Notices and Communications)</P>

<P ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px Solid; Margin-Top: 0; Margin-Bottom: 0">January 12, 2023</P>
<P ALIGN="CENTER" STYLE="Margin-Top: 0; Margin-Bottom: 15">(Date of Event which Requires Filing of this Statement)</P>

<P STYLE="Padding-Right: 25pt; Padding-Left: 25pt">If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule
because of &#167;&#167;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. <FONT FACE="WINGDINGS">X</FONT></P>

<P STYLE="Padding-Right: 25pt; Padding-Left: 25pt"><B>Note</B>: Schedules filed in paper format shall include
a signed original and five copies of the schedule, including all exhibits.  See &#167;240.13d-7 for other
parties to whom copies are to be sent.</P>

<P STYLE="Padding-Right: 25pt; Padding-Left: 25pt"><SUP>*</SUP> The remainder of this cover page shall be filled
out for a reporting person's initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="padding-right: 25pt; padding-left: 25pt">The beneficial ownership of the shares of&nbsp;common stock, $0.001 par
value per share, of Lifecore Biomedical, Inc. to which this Statement of Beneficial Ownership on Schedule 13D&nbsp;relates&nbsp;was previously
reported by the Reporting Persons (as defined herein) on a Statement of Beneficial Ownership on Schedule 13G filed with the Securities
and Exchange Commission&nbsp;on March 25, 2021, as amended by Amendment No. 1 filed on February 11, 2022.</P>

<P STYLE="Padding-Right: 25pt; Padding-Left: 25pt">The information required on the remainder of this cover page
shall not be deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934
(&quot;Act&quot;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).</P>

<H5 ALIGN="LEFT" STYLE="Page-Break-Before: always; Border-Top: #000000 2px Solid">&nbsp;</H5>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
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    <TD WIDTH="32%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="32%"></TD></TR>
<TR VALIGN="BOTTOM">
    <TD>CUSIP No. 514766104</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER">13D</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT">Page 2 of 5  Pages</TD></TR>
<TR VALIGN="BOTTOM" STYLE="Height: 20pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER"></TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT"></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
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    <TD WIDTH="87%"></TD>
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    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid" ALIGN="RIGHT">1.</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">NAMES OF REPORTING PERSONS I.R.S.
    IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<BR><BR><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Cove Street Capital, LLC 27-5376591</P>
</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">2.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>
    (see instructions)<BR>(a)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><BR>
    (b)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">3.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SEC USE ONLY<BR>&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">4.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOURCE OF FUNDS (see instructions)<BR>&nbsp;<BR>OO</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">5.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">6.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>&nbsp;<BR>DELAWARE</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR>
    <TD WIDTH="14%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="2%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="78%"></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="MIDDLE" ROWSPAN="4" ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px solid">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
    PERSON WITH</TD>
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">7.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOLE VOTING POWER<BR>&nbsp;<BR>418,590 (3)</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">8.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED VOTING POWER<BR>&nbsp;<BR>1,131,901 (1)</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">9.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOLE DISPOSITIVE POWER<BR>&nbsp;<BR>418,590</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">10.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED DISPOSITIVE POWER<BR>&nbsp;<BR>1,956,175</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">11.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    <BR><BR>2,374,765 (2)</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">12.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES<BR>(see instructions)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></P>
                                                 <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: WINGDINGS; font-size: x-small; color: #000000">&nbsp;</FONT><BR><BR></P></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">13.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    <BR><BR>7.89%</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">14.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">TYPE OF REPORTING PERSON (see instructions)
    <BR><BR>IA</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">(1) As of January 10, 2023, Cove Street Capital, Reporting Persons
owned in the aggregate 2,374,765 shares of Common Stock, constituting approximately 7.89% of the outstanding shares of Common Stock.
The percentage of shares of Common Stock reported is based upon 30,094,410 shares of Common Stock outstanding, which is comprised of
(i) 29,665,839 shares of Common Stock outstanding as of October 3, 2022, as reported in the Issuer&rsquo;s Quarterly Report on Form
10-Q for the fiscal quarter ended August 28, 2022, filed with the Commission on October 7, 2022; The shared dispositive power
includes 609,993 Shares of common stock in a separately managed account, which CSC does not have any voting power over; and (ii)
428,571 shares of Convertible Common Stock that were issued to the Purchasers in the Offering; issued as 3,000 of Lifecore Series A
Convertible which when converted equates to 428,571 Common stock (each preferred share has a liquidity preference value of $1,000
which converts to 142.86 shares @ $7(2) Within the 2,374,765 common stock , 4,900 are owned by Jeffrey Bronchick in a portfolio
managed by Cove Street Capital LLC (3) 418,590 shares, 204,300 of which are common stock and 214,290 convertible shares, with sole
voting and dispositive power are held in CSC Partners LP fund.</P>

<H5 ALIGN="LEFT" STYLE="Page-Break-Before: always; Border-Top: #000000 2px Solid">&nbsp;</H5>


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    <TD>CUSIP No. 514766104</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER">13D</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT">Page 3  of 5  Pages</TD></TR>
<TR VALIGN="BOTTOM" STYLE="Height: 20pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER"></TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT"></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid" ALIGN="RIGHT">1.</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">NAMES OF REPORTING PERSONS I.R.S.
    IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<BR><BR><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Jeffrey Bronchick</P>
</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">2.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>
    (see instructions)<BR>(a)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><BR>
    (b)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">3.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SEC USE ONLY<BR>&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">4.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOURCE OF FUNDS (see instructions)<BR>&nbsp;<BR>PF</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">5.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">6.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>&nbsp;<BR>DELAWARE</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR>
    <TD WIDTH="14%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="2%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="78%"></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="MIDDLE" ROWSPAN="4" ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px solid">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
    PERSON WITH</TD>
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">7.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOLE VOTING POWER<BR>&nbsp;<BR>418.590 (3)</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">8.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED VOTING POWER<BR>&nbsp;<BR>1,131,901 (1)</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">9.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOLE DISPOSITIVE POWER<BR>&nbsp;<BR>418,590</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">10.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED DISPOSITIVE POWER<BR>&nbsp;<BR>1,956,175</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">11.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    <BR><BR>2,374,765 (2)</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">12.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES<BR>(see instructions)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></P>
                                                 <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: WINGDINGS; font-size: x-small; color: #000000">&nbsp;</FONT><BR><BR></P></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">13.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    <BR><BR>7.89%</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">14.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">TYPE OF REPORTING PERSON (see instructions)
    <BR><BR>IN</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">(1) As of January 10, 2023, Cove Street Capital, Reporting Persons
owned in the aggregate 2,237,765 shares of Common Stock, constituting approximately 7.90% of the outstanding shares of Common Stock.
The percentage of shares of Common Stock reported is based upon 30,094,410 shares of Common Stock outstanding, which is comprised of
(i) 29,665,839 shares of Common Stock outstanding as of October 3, 2022, as reported in the Issuer&rsquo;s Quarterly Report on Form
10-Q for the fiscal quarter ended August 28, 2022, filed with the Commission on October 7, 2022; The shared dispositive power
includes 609,993 Shares of common stock in a separately managed account, which CSC does not have any voting power over; and (ii)
428,571 shares of Convertible Common Stock that were issued to the Purchasers in the Offering; issued as 3,000 of Lifecore Series A
Convertible which when converted equates to 428,571 Common stock (each preferred share has a liquidity preference value of $1,000
which converts to 142.86 shares @ $7(2) Within the 2,377,765 common stock owned, 4,900 are owned by Jeffrey Bronchick in a portfolio
managed by Cove Street Capital LLC. 418,590 shares, 204,300 of which are common stock and 214,290 convertible shares, with sole
voting and dispositive power are held in CSC Partners LP fund.</P>

<H5 ALIGN="LEFT" STYLE="Page-Break-Before: always; Border-Top: #000000 2px Solid">&nbsp;</H5>

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    <TD WIDTH="34%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="32%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="32%"></TD></TR>
<TR VALIGN="BOTTOM">
    <TD>CUSIP No. 514766104</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER">13D</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT">Page 4  of 5  Pages</TD></TR>
<TR VALIGN="BOTTOM" STYLE="Height: 20pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER"></TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT"></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid" ALIGN="RIGHT">1.</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">NAMES OF REPORTING PERSONS I.R.S.
    IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<BR><BR><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt">CSC
Partners Fund, LP</P>
</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">2.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>
    (see instructions)<BR>(a)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><BR>
    (b)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">3.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SEC USE ONLY<BR>&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">4.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOURCE OF FUNDS (see instructions)<BR>&nbsp;<BR>OO</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">5.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">6.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>&nbsp;<BR>DELAWARE</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR>
    <TD WIDTH="14%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="2%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="78%"></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="MIDDLE" ROWSPAN="4" ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px solid">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
    PERSON WITH</TD>
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">7.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOLE VOTING POWER<BR>&nbsp;<BR>418,590 </TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">8.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED VOTING POWER<BR>&nbsp;<BR>0 </TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">9.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOLE DISPOSITIVE POWER<BR>&nbsp;<BR>418,590</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">10.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED DISPOSITIVE POWER<BR>&nbsp;<BR>0</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">11.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    <BR><BR>418,590 (1)</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">12.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES<BR>(see instructions)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></P>
                                                 <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: WINGDINGS; font-size: x-small; color: #000000">&nbsp;</FONT><BR><BR></P></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">13.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    <BR><BR>1.39%</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">14.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">TYPE OF REPORTING PERSON (see instructions)
    <BR><BR>PN</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">(1) The Cove Street Capital LLC is a controlling owner of CSC
Partners, LLC, a California limited liability company formed on May 25, 2021 (&ldquo;CSC Partners&rdquo;). CSC Partners serves as
General Partner of CSC Partners Fund, LP; a Delaware limited partnership formed on May 24, 2021 (the &ldquo;Partners Fund&rdquo;).
The GP is a portfolio is managed by Cove Street Capital and owns 204,300 Common stock and (2) 1,500 of Lifecore Series A Convertible
which when converted equates to 214,290 Common stock (each preferred share has a liquidity preference value of $1,000 which converts
to 142.86 shares @ $7.</P>

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<TR VALIGN="BOTTOM">
    <TD>CUSIP No. 514766104</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER">13D</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT">Page 5  of 5 Pages</TD></TR>
<TR VALIGN="BOTTOM" STYLE="Height: 20pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER"></TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM">
    <TD STYLE="Font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
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</TABLE>

<P ALIGN="LEFT" STYLE="Font-Weight: Bold; Margin-Top: 6pt; Margin-Bottom: 6pt">Item 1.&nbsp;&nbsp;Security and Issuer.</P>

<P STYLE="Font: 9pt Arial, Helvetica, Sans-Serif; Text-Indent: 1.5em; Margin-Top: 6pt; Margin-Bottom: 6pt">This&nbsp;Statement of Beneficial Ownership on Schedule 13D&nbsp;(the &ldquo;Schedule
13D&rdquo;) relates to the shares of common stock, $0.001 par value per share (the &ldquo;Shares&rdquo;) of Lifecore Biomedical, Inc.,
a Delaware corporation, formerly known as Landec Corporation (the &ldquo;Issuer&rdquo;) whose principal executive offices are located
at 3515 Lyman Boulevard, Chaska, Minnesota, 55318.</P>

<P ALIGN="LEFT" STYLE="Font-Weight: Bold; Margin-Top: 6pt; Margin-Bottom: 6pt">Item 2.&nbsp;&nbsp;Identity and Background.</P>

<P STYLE="Font: 9pt Arial, Helvetica, Sans-Serif; Text-Indent: 1.5em; Margin-Top: 6pt; Margin-Bottom: 6pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">(a) This Schedule 13D is filed by.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">(i) Cove Street Capital, LLC, a Delaware limited liability
company (&ldquo;Cove Street Capital&rdquo;), and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">(ii) Jeffrey Bronchick</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">(iii) CSC Partners Fund controlled by Cove Street Capital LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Each of the foregoing is referred to as a
&ldquo;Reporting Person&rdquo; and collectively as the &ldquo;Reporting Persons.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">(b) The address of the principal office of each of the Reporting
Persons is 525 South Douglas Street, Suite 225, El Segundo, California, 90245.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">(c) The principal business of Cove Street Capital is investing
in securities. Mr. Bronchick&rsquo;s principal occupation is as Principal and Portfolio Manager of Cove Street Capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">(d) No Reporting Person has, during the
last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">(e) No Reporting Person has, during the
last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with respect to such laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 40pt">(f) Cove Street Capital is organized under the laws of the State of Delaware.
Mr. Bronchick is a United States citizen</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-indent: 1.5em; margin-top: 6pt; margin-bottom: 6pt"></P>

<P ALIGN="LEFT" STYLE="Font-Weight: Bold; Margin-Top: 6pt; Margin-Bottom: 6pt">Item 3.&nbsp;&nbsp;Source or Amount of Funds or
Other Consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">The securities of the Issuer purchased by Cove Street Capital were purchased
with working capital. The aggregate purchase price of the 1,946,1945 of Common Stock Shares owned directly by Cove Street Capital is approximately
$18,909,511. Pursuant to the Securities Purchase Agreement (as defined in Item 4 below), Cove Street Capital purchased from the Issuer
3,000 shares of Series A Preferred Stock (as defined in Item 4 below) for $3,000,000. 3,000 of Lifecore Series A Convertible which when
converted equates to 428,571 Common stock (each preferred share has a liquidity preference value of $1,000 which converts to 142.86 shares
@ $7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P ALIGN="LEFT" STYLE="Font-Weight: Bold; Margin-Top: 6pt; Margin-Bottom: 6pt">Item 4.&nbsp;&nbsp;Purpose of Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On January 9, 2023, Cove Street
Capital entered into a Securities Purchase Agreement (the &ldquo;Purchase Agreement&rdquo;) with the Issuer and certain other unaffiliated
investors, pursuant to which the Issuer sold to Cove Street Capital 3,000 shares of the Issuer&rsquo;s Series A Convertible Preferred
Stock, par value $0.001 per share (the &ldquo;Series A Preferred Stock&rdquo;), at a purchase price of $1,000 per share (the &ldquo;Purchase
Price&rdquo;), for an aggregate purchase price of $1,000. The Series A Preferred Stock will accrue dividends, payable in additional shares
of Series A Preferred Stock (the &ldquo;PIK Dividends&rdquo;), at a rate of 7.5% per annum of the stated value per share of Series A Preferred
Stock; provided, that from and after the earlier of (a) June 29, 2026 or (b) the termination or waiver of the restrictions on cash dividends
and/or redemptions set forth in the Issuer&rsquo;s existing credit agreements (such earlier date, the &ldquo;Applicable Date&rdquo;),
the Issuer may, at its option, pay such dividends in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif">The Series A Preferred Stock is convertible into Shares (the Shares underlying
the Series A Preferred Stock, the &ldquo;Conversion Shares&rdquo;) at an initial conversion price of $7.00 per Share (the &ldquo;Conversion
Price&rdquo;), at any time at the election of Cove Street Capital, subject to customary adjustments. Subject to the Issuer&rsquo;s continuing
satisfaction of certain equity conditions, the Issuer may also require the conversion of all Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On or any time after the Applicable Date, with six months advance written
notice to the Issuer, Cove Street Capital will have the right to require the Issuer to redeem, in whole or in part, the Series A Preferred
Stock for a cash purchase price equal to the stated value per share of the Series A Preferred Stock, plus an amount in cash equal to all
accrued and unpaid dividends thereon. The Series A Preferred Stock will also be mandatorily redeemed, at the option of the holder, upon
certain bankruptcy-related triggering events. The Issuer will not have redemption rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Cove Street Capital disclaims the formation of any group with the other
investors that are parties to the Purchase Agreement and Registration Rights Agreement in all respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Except as set forth herein, none of the Reporting Persons currently has
any plans or proposals which relate to or would result in any of the actions or transactions specified in clauses (a) through (j) of Item
4 of Schedule 13D. Each of the Reporting Persons reserves the right to dispose of the securities of the Company or to formulate other
purposes, plans or proposals regarding the Company or its securities to the extent deemed advisable in light of general investment policies,
market conditions and other factors.</P>

<P ALIGN="LEFT" STYLE="Font-Weight: Bold; Margin-Top: 6pt; Margin-Bottom: 6pt">Item 5.&nbsp;&nbsp;Interest in Securities of the
Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) The aggregate percentage
of Shares reported owned by each person named herein is based upon 29,665,839 Shares outstanding as of January 9, 2023, which is the total
number of Shares outstanding as reported in Exhibit 10.1 to the Issuer&rsquo;s current report on Form 8-K filed with the Securities and
Exchange Commission on January 10, 2023, plus the Shares underlying the Series A Preferred Stock, 428,571 shares, that can be converted
by the Reporting Persons up to the Beneficial Ownership Limit, as applicable, as further described in Item 4 above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">As of the date hereof,
Cove Street Capital directly beneficially owned 2,377,765 Shares, including 428,571 Shares issuable upon the conversion of certain shares
of Series A Preferred Stock, constituting approximately 7.9% of the Shares outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) By virtue of his respective
position with Cove Street Capital, Mr. Bronchick may be deemed to have sole power to vote and dispose of the Shares directly beneficially
owned by Cove Street Capital<B>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) Other than in connection
with the Purchase Agreement, there have been no transactions in securities of the Issuer by the Reporting Persons during the past 60 days.
Pursuant to the Purchase Agreement, Cove Street Capital purchased 3,000 shares of Series A Preferred Stock at a purchase price of $1,000
per share.</P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif">(d) No person other than the Reporting Persons is known to have the right
to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.</P>

<P ALIGN="LEFT" STYLE="Font-Weight: Bold; Margin-Top: 6pt; Margin-Bottom: 6pt">Item 6.&nbsp;&nbsp;Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer.</P>

<P STYLE="Font: 9pt Arial, Helvetica, Sans-Serif; Text-Indent: 1.5em; Margin-Top: 6pt; Margin-Bottom: 6pt">The disclosure with respect to the Purchase Agreement and the Registration
Rights Agreement is incorporated herein by reference. </P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Other than as described herein,
there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and
any other person, with respect to the securities of the Issuer.</P>

<P ALIGN="LEFT" STYLE="Font-Weight: Bold; Margin-Top: 6pt; Margin-Bottom: 6pt">Item 7.&nbsp;&nbsp;Material to Be Filed as
Exhibits.</P>

<P STYLE="text-align: left; font-weight: bold; margin-top: 6pt; margin-bottom: 6pt">99.1 <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Securities
Purchase Agreement, dated as of January 9, 2023 (incorporated by reference to Exhibit 10.1 of the Issuer&rsquo;s Current Report on
Form 8-K filed with Securities and Exchange Commission on January 10, 2023).</FONT></P>

<P STYLE="text-align: left; font-weight: bold; margin-top: 6pt; margin-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">99.2
Registration Rights Agreement, dated as of January 9, 2023 (incorporated by reference to Exhibit 10.2 of the Issuer&rsquo;s Current
Report on Form 8-K filed with Securities and Exchange Commission on January 10, 2023)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">.</FONT></P>

<H5 ALIGN="LEFT" STYLE="Page-Break-Before: always; Border-Top: #000000 2px Solid">&nbsp;</H5>

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<TR VALIGN="BOTTOM">
    <TD>CUSIP No. 514766104</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER">13D</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT">Page 3 of 3 Pages</TD></TR>
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<P ALIGN="CENTER" STYLE="Font-Weight: Bold">SIGNATURE</P>

<P STYLE="text-indent: 1.5em; text-align: justify">After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement  is true, complete
and correct.</P>

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     <TD VALIGN="top">Cove Street Capital, LLC</TD></TR>
<TR>
     <TD HEIGHT="16"></TD></TR>
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     <TD VALIGN="TOP"><P STYLE="Margin-Bottom: 0px; Border-Bottom: #000000 1px solid" ALIGN="CENTER">/s/ Merihan Tynan</P>
     <P STYLE="Margin-Top: 0px; Margin-Bottom: 1px" ALIGN="CENTER">Insert Name</P></TD></TR>
<TR>
     <TD HEIGHT="16"></TD></TR>
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     <TD VALIGN="TOP"><P STYLE="Margin-Bottom: 0px; Border-Bottom: #000000 1px solid" ALIGN="CENTER">Principal, Chief Compliance Officer</P>
     <P STYLE="Margin-Top: 0px; Margin-Bottom: 1px" ALIGN="CENTER">Insert Title</P></TD></TR>
<TR>
     <TD HEIGHT="16"></TD></TR>
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     <TD VALIGN="TOP"><P STYLE="Margin-Bottom: 0px; Border-Bottom: #000000 1px solid" ALIGN="CENTER">January 12, 2023</P>
     <P STYLE="Margin-Top: 0px; Margin-Bottom: 1px" ALIGN="CENTER">Insert Date</P></TD></TR>
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     <TD VALIGN="top">Jeffrey Bronchick</TD></TR>
<TR>
     <TD HEIGHT="16"></TD></TR>
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     <TD VALIGN="TOP"><P STYLE="Margin-Bottom: 0px; Border-Bottom: #000000 1px solid" ALIGN="CENTER">/s/Jeffrey Bronchick</P>
     <P STYLE="Margin-Top: 0px; Margin-Bottom: 1px" ALIGN="CENTER">Jeffrey Bronchick</P></TD></TR>
<TR>
     <TD HEIGHT="16"></TD></TR>
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     <TD VALIGN="TOP"><P STYLE="Margin-Bottom: 0px; Border-Bottom: #000000 1px solid" ALIGN="CENTER">Principal, Portfolio Manager</P>
     <P STYLE="Margin-Top: 0px; Margin-Bottom: 1px" ALIGN="CENTER">Insert Title</P></TD></TR>
<TR>
     <TD HEIGHT="16"></TD></TR>
<TR>
     <TD VALIGN="TOP"><P STYLE="Margin-Bottom: 0px; Border-Bottom: #000000 1px solid" ALIGN="CENTER">January 12, 2023</P>
     <P STYLE="Margin-Top: 0px; Margin-Bottom: 1px" ALIGN="CENTER">Insert Date</P></TD></TR>
</TABLE>

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