SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Silvers Daniel B.

(Last)

(First)

(Middle)

C/O MATTHEWS LANE CAPITAL PARTNERS LLC

250 WEST 57TH STREET, SUITE 415

(Street)

NEW YORK

10107

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Ensysce Biosciences, Inc. [ LACQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants⁽¹⁾	$11.5	06/30/2021		A⁽¹⁾		1,637,390		07/30/2021	06/30/2026	Common Stock	1,637,390	$1	1,637,390	I	MLCP GLL Funding LLC⁽²⁾
Warrants⁽³⁾	$11.5	06/30/2021		A⁽³⁾		367,107		07/30/2021	06/30/2026	Common Stock	367,107	$1	2,004,497	I	MLCP GLL Funding LLC⁽²⁾
Warrants⁽⁴⁾	$11.5	06/30/2021		D⁽⁴⁾			250,000	07/30/2021	06/30/2026	Common Stock	250,000	$0	1,754,497	I	MLCP GLL Funding LLC⁽²⁾

1. Name and Address of Reporting Person^*

Silvers Daniel B.

(Last)

(First)

(Middle)

C/O MATTHEWS LANE CAPITAL PARTNERS LLC

250 WEST 57TH STREET, SUITE 415

(Street)

NEW YORK

10107

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Matthews Lane Capital Partners LLC

(Last)

(First)

(Middle)

250 WEST 57TH STREET SUITE 415

(Street)

NEW YORK

10107

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

MLCP GLL Funding LLC

(Last)

(First)

(Middle)

C/O MATTHEWS LANE CAPITAL PARTNERS LLC

250 WEST 57TH STREET SUITE 415

(Street)

NEW YORK

10107

(City)

(State)

(Zip)

Explanation of Responses:

1. 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 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. Silvers served as the Issuer's Chief Executive Officer and Director until the closing of the business combination.

2. Matthews Lane Capital Partners LLC, a sponsor of the Issuer, is the manager of MLCP GLL Funding LLC, the record holder of the warrants. Mr. Silvers is the managing member of Matthews Lane Capital Partners LLC and disclaims beneficial ownership with respect to the securities except to the extent of his pecuniary interest therein.

3. Reflects warrants acquired at a price of $1.00 per warrant upon the conversion of promissory notes of the Issuer 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.

4. Reflects warrants surrendered to the Issuer in connection with the Issuer's business combination pursuant to a warrant surrender agreement, for no consideration.

	/s/ Daniel Silvers	07/01/2021
	/s/ Daniel B. Silvers, Managing Member of Matthews Lane Capital Partners LLC, the manager of MLCP GLL Funding LLC	07/01/2021
	/s/ Daniel B. Silvers, Managing Member of Matthews Lane Capital Partners LLC	07/01/2021
	** Signature of Reporting Person	Date
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SEC Form 4 filed by Silvers Daniel B.