Statement of Changes in Beneficial Ownership (4)

FORM 4

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

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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

1. Name and Address of Reporting Person * Mallard Founders Holdings LLC	2. Issuer Name and Ticker or Trading Symbol Mallard Acquisition Corp. [ MACUU ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    __X__ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 19701 BETHEL CHURCH ROAD, SUITE 302	3. Date of Earliest Transaction (MM/DD/YYYY) 11/27/2020
(Street) CORNELIUS, NC 28031 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ 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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/27/2020		J(4)		412500	D	$0	2750000 (1)(2)	D (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
(1)	As described in the issuer's registration statement on Form S-1 (File No. 333-248939 (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of common stock, par value $0.0001 per share, will automatically be converted into shares common stock, par value $0.0001 per share, at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
(2)	These shares represent common stock held by the Reporting Person acquired pursuant to a subscription agreement by and between the Reporting Person and the issuer.
(3)	Messrs. P. Jeffrey Leck and John F. Kirtley are the managing members of the Reporting Person and have voting and investment discretion with respect to the securities held by the Reporting Person. As such, they may be deemed to share beneficial ownership of the shares of the common stock held directly by the Reporting Person.
(4)	As contemplated in connection with the initial public offering of the issuer, 412,500 shares of common stock of the issuer were returned by the Sponsor to the issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Mallard Founders Holdings LLC 19701 BETHEL CHURCH ROAD, SUITE 302 CORNELIUS, NC 28031		X

Signatures
MALLARD FOUNDERS HOLDINGS LLC /s/ P. Jeffrey Leck, Authorized Person		11/27/2020
**Signature of Reporting Person		Date