UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Exit Filing)*

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

*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 the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) 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). 

SCHEDULE 13G

Item 1.

Item 2.

Not Applicable

The information required by Item 4 is set forth in Rows 5-11 of the cover pages of this Schedule 13G and is incorporated herein by reference.

As of February 13, 2018, Hydra LAC directly holds 867,842 shares of Common Stock, representing 3.5% of the outstanding Common Stock; and Mr. Weil, the managing member of Hydra LAC, directly holds 266,900 shares of Common Stock and may be deemed to beneficially own the 867,842 shares of Common Stock held by Hydra LAC, representing, in the aggregate, 4.5% of the outstanding Common Stock.

The Issuer is a blank check company incorporated on September 11, 2017 and the securities reported in this Schedule 13G were acquired by the Reporting Persons pursuant to subscription agreements between the Issuer and its initial stockholders. Hydra Management LLC, an affiliate of Hydra LAC and Mr. Weil, co-sponsored the Issuer’s initial public offering which was consummated on December 5, 2017, and Mr. Weil is the Issuer’s Executive Chairman.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.

The holdings of the Reporting Persons ceased to be more than 5% in January 2018 following their surrender of an aggregate of 172,803 shares to the Issuer in connection with the expiration of an over-allotment option held by the Issuer’s underwriters relating to the Issuer’s initial public offering.

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

SIGNATURE

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.

Dated:  February 13, 2018

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the shares of Common Stock, $0.0001 par value per share, of Leisure Acquisition Corp, a Delaware corporation, and further agree that this Joint Filing Agreement be included as an exhibit to such joint filings. In evidence thereof, the undersigned hereby execute this agreement as of February 13, 2018.