0001493152-21-015905.txt : 20210701
0001493152-21-015905.hdr.sgml : 20210701
20210701195622
ACCESSION NUMBER: 0001493152-21-015905
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210630
FILED AS OF DATE: 20210701
DATE AS OF CHANGE: 20210701
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: 211067703
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
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ensysce Biosciences, Inc.
CENTRAL INDEX KEY: 0001716947
STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834]
IRS NUMBER: 822755287
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 7946 IVANHOE AVENUE
STREET 2: SUITE 201
CITY: LA JOLLA
STATE: CA
ZIP: 92037
BUSINESS PHONE: (858) 263-4196
MAIL ADDRESS:
STREET 1: 7946 IVANHOE AVENUE
STREET 2: SUITE 201
CITY: LA JOLLA
STATE: CA
ZIP: 92037
FORMER COMPANY:
FORMER CONFORMED NAME: Leisure Acquisition Corp.
DATE OF NAME CHANGE: 20170913
4
1
ownership.xml
X0306
4
2021-06-30
0
0001716947
Ensysce Biosciences, Inc.
LACQ
0000921873
WEIL A LORNE
C/O HYDRA MANAGEMENT LLC
250 WEST 57TH STREET, SUITE 415
NEW YORK
NY
10107
0
0
1
0
Warrants
11.50
2021-06-30
4
A
0
730110
1.00
A
2021-07-30
2026-06-30
Common Stock
730110
730110
D
Warrants
11.50
2021-06-30
4
A
0
1000000
1.00
A
2021-07-30
2026-06-30
Common Stock
1000000
1000000
I
Hydra LAC LLC
Warrants
11.50
2021-06-30
4
A
0
387895
1.00
A
2021-07-30
2026-06-30
Common Stock
387895
387895
I
Hydra Management LLC
Warrants
11.50
2021-06-30
4
D
0
250000
0
D
2021-07-30
2026-06-30
Common Stock
250000
137895
I
Hydra Management LLC
Reflects warrants of Ensysce Biosciences, Inc., formerly known as Leisure Acquisition Corp. (the "Issuer"), which were acquired from the Issuer at a price of $1.00 per warrant (730,110 warrants by Mr. Weil at a cost of $730,110 and 1,000,000 warrants by Hydra LAC LLC (an entity affiliated with Mr. Weil) at a cost of $1,000,000) in a private placement that closed simultaneously with the closing of the Issuer's initial public offering which were later exchanged for warrants having the same terms, except that they are non-transferable other than to permitted transferees. Pursuant to the terms of the issuance, such warrants were not eligible to become exercisable unless the Issuer consummated its initial business combination which occurred on June 30, 2021. Mr. Weil served as the Issuer's Executive Chairman until the closing of the business combination.
Mr. Weil is the managing member of Hydra LAC LLC and the sole member of Hydra Management LLC and disclaims beneficial ownership with respect to the securities except to the extent of his pecuniary interest therein.
Reflects warrants acquired at a price of $1.00 per warrant upon the conversion of promissory notes of the Issuer held by Hydra Management LLC reflecting amounts loaned to the Issuer pursuant to the Issuer's expense advancement agreement, which were convertible into warrants at the holder's option. The warrants are on the same terms as the warrants described in note (1) above.
Reflects warrants surrendered to the Issuer in connection with the Issuer's business combination pursuant to a warrant surrender agreement, for no consideration.
/s/ A. Lorne Weil
2021-07-01