<SEC-DOCUMENT>0001144204-17-062471.txt : 20171205
<SEC-HEADER>0001144204-17-062471.hdr.sgml : 20171205
<ACCEPTANCE-DATETIME>20171205185657
ACCESSION NUMBER:		0001144204-17-062471
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20171205
FILED AS OF DATE:		20171205
DATE AS OF CHANGE:		20171205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WEIL A LORNE
		CENTRAL INDEX KEY:			0000921873

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38306
		FILM NUMBER:		171240830

	MAIL ADDRESS:	
		STREET 1:		C/O HYDRA INDUSTRIES ACQUISITION CORP
		STREET 2:		250 WEST 57TH STREET, SUITE #2223
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10107

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hydra LAC, LLC
		CENTRAL INDEX KEY:			0001723195
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38306
		FILM NUMBER:		171240829

	BUSINESS ADDRESS:	
		STREET 1:		250 WEST 57TH STREET
		STREET 2:		SUITE 2223
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10107
		BUSINESS PHONE:		646.565.3861

	MAIL ADDRESS:	
		STREET 1:		250 WEST 57TH STREET
		STREET 2:		SUITE 2223
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10107

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Leisure Acquisition Corp.
		CENTRAL INDEX KEY:			0001716947
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				822755287
		STATE OF INCORPORATION:			DE

	BUSINESS ADDRESS:	
		STREET 1:		250 WEST 57TH ST.
		STREET 2:		SUITE 2223
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10107
		BUSINESS PHONE:		(646) 565-6940

	MAIL ADDRESS:	
		STREET 1:		250 WEST 57TH ST.
		STREET 2:		SUITE 2223
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10107
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>tv480821_4.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2017-12-05</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001716947</issuerCik>
        <issuerName>Leisure Acquisition Corp.</issuerName>
        <issuerTradingSymbol>LACQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000921873</rptOwnerCik>
            <rptOwnerName>WEIL A LORNE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O LEISURE ACQUISITION CORP.,</rptOwnerStreet1>
            <rptOwnerStreet2>250 WEST 57TH STREET, SUITE #2223</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10107</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Chairman</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001723195</rptOwnerCik>
            <rptOwnerName>Hydra LAC, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O HYDRA MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>250 WEST 57TH STREET SUITE 2223</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10107</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Sponsor Affiliate of the Co.</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2017-12-05</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>187166</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>307545</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2017-12-05</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>169517</value>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1000000</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">As contemplated by the securities subscription agreement between such reporting person and the Company, 187,166 shares held by Mr. Weil were forfeited upon consummation of the Company's initial public offering for no consideration.</footnote>
        <footnote id="F2">Includes an aggregate of 40,645 shares held by Mr. Weil that are subject to forfeiture to the extent that the underwriters' overallotment option in the Company's initial public offering is not exercised.</footnote>
        <footnote id="F3">As contemplated by the securities subscription agreement between such reporting person and the Company, 169,517 shares held by Hydra LAC, LLC, an affiliate of a sponsor of the Company (the &quot;Sponsor Affiliate&quot;), were forfeited upon consummation of the Company's initial public offering for no consideration.</footnote>
        <footnote id="F4">Includes an aggregate of 132,159 shares held by the Sponsor Affiliate that are subject to forfeiture to the extent that the underwriters' overallotment option in the Company's initial public offering is not exercised.</footnote>
        <footnote id="F5">Represents shares of common stock held by the Sponsor Affiliate. The shares held by the Sponsor Affiliate are beneficially owned by A. Lorne Weil, who has sole voting and dispositive power over the shares held by the Sponsor Affiliate. Mr. Weil owns all of the membership interests in the Sponsor Affiliate. Mr. Weil disclaims beneficial ownership over any securities owned by the Sponsor Affiliate in which he does not have any pecuniary interest.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ A. Lorne Weil</signatureName>
        <signatureDate>2017-12-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ A. Lorne Weil, Managing Member of Hydra LAC, LLC</signatureName>
        <signatureDate>2017-12-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
