<SEC-DOCUMENT>0001615774-18-000388.txt : 20180117
<SEC-HEADER>0001615774-18-000388.hdr.sgml : 20180117
<ACCEPTANCE-DATETIME>20180117173511
ACCESSION NUMBER:		0001615774-18-000388
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180115
FILED AS OF DATE:		20180117
DATE AS OF CHANGE:		20180117

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:		18532342

	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:		18532341

	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>s108741_form4.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2018-01-15</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>2018-01-15</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>40645</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>266900</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2018-01-15</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>132158</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>867842</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">As contemplated by the securities subscription agreement between such reporting person and the Company, 40,645 shares held by Mr. Weil were forfeited since the underwriters did not exercise their overallotment option in the Company's initial public offering.</footnote>
        <footnote id="F2">As contemplated by the securities subscription agreement between such reporting person and the Company, 132,158 shares held by Hydra LAC, LLC, an affiliate of a sponsor of the Company (the &quot;Sponsor Affiliate&quot;), were forfeited since the underwriters did not exercise their overallotment option in the Company's initial public offering.</footnote>
        <footnote id="F3">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>2018-01-17</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ A. Lorne Weil A. Lorne Weil, Managing Member of Hydra LAC, LLC</signatureName>
        <signatureDate>2018-01-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
