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