Exhibit 4.3


 


SPECIMEN
RIGHTS CERTIFICATE


 


	NUMBER

     

    ALKDR
	RIGHTS


 


ALKAID
ACQUISITION CORP.


INCORPORATED
UNDER THE LAWS OF THE DELAWARE


 


RIGHTS


 


	SEE REVERSE FOR

    CERTAIN DEFINITIONS
	 	CUSIP
    016421 125


 


 


THIS
CERTIFIES THAT, for value received                                                                                                                                                 


is
the registered holder(s) of a right or rights (each, a “Right”) to automatically receive one-fifth (1/5) of
one share of common stock, $0.0001 par value (“Common Stock”), of Alkaid Acquisition Corp. (the “Company”)
for each Right evidenced by this Rights Certificate on the Company’s completion of an initial business combination (as defined
in the prospectus relating to the Company’s initial public offering (“Prospectus”)) upon surrender of
this Rights Certificate pursuant to the Rights Agreement, dated as of [●], 2022 (the “Rights Agreement”),
between the Company and Continental Stock Transfer & Trust Company, as Rights Agent. In no event will the Company be required to
net cash settle any Right.


 


Upon
liquidation of the Company in the event an initial business combination is not consummated during the required period as identified in
the Company’s Amended and Restated Certificate of Incorporation, the Rights shall expire and be worthless. The holder of a Right
shall have no right or interest of any kind in the Company’s trust account (as defined in the Prospectus).


 


Upon
due presentment for registration of transfer of the Rights Certificate at the office or agency of the Rights Agent, a new Rights Certificate
or Rights Certificates of like tenor and evidencing in the aggregate a like number of Rights shall be issued to the transferee in exchange
for this Rights Certificate, without charge except for any applicable tax or other governmental charge.


 


The
Company shall not issue fractional shares upon exchange of Rights. The Company reserves the right to deal with any fractional entitlement
at the relevant time in any manner (as provided in the Rights Agreement).


 


The
Company and the Rights Agent may deem and treat the registered holder(s) as the absolute owner(s) of this Rights Certificate (notwithstanding
any notation of ownership or other writing hereon made by anyone), for the purpose of any conversion hereof, of any distribution to the
registered holder(s), and for all other purposes, and neither the Company nor the Right Agent shall be affected by any notice to the
contrary.


 


This
Right does not entitle the registered holder(s) to any of the rights of a stockholder of the Company.


 


This
Rights Certificate shall not be valid unless countersigned by the Rights Agent, as such term is used in the Rights Agreement. This Rights
Certificate shall be governed by and construed in accordance with the internal laws of the State of New York, without regard to conflicts
of laws principles thereof.


 


	 	 	 
	CHIEF
    EXECUTIVE OFFICER	 	SECRETARY
	 	 	 
	 	 	 
	Continental
    Stock Transfer & Trust Company, as Rights Agent	 	 


  




     


     


    

 


Alkaid
Acquisition Corp.


 


The
Company will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating,
optional or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights. This certificate and the rights represented thereby are issued and shall be held subject to all the
provisions of the Amended and Restated Certificate of Incorporation and all amendments thereto and resolutions of the Board of Directors
providing for the issue of shares of Common Stock (copies of which may be obtained from the secretary of the Company), to all of which
the holder of this certificate by acceptance hereof assents.


 


The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations:


 


	TEN
    COM	—	as
    tenants in common	 	UNIF
    GIFT MIN ACT	—	 	Custodian	 
	 	 	 	 	 	 	(Cust)	 	(Minor)
	TEN
    ENT	—	as
    tenants by the entireties	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	JT
    TEN	—	as
    joint tenants with right of survivorship and not as tenants in common	 	 	under
    Uniform Gifts to Minors Act
	 	 	 	 	(State)


 


Additional
Abbreviations may also be used though not in the above list.


 


 


For
value received, ___________________________ hereby sell(s), assign(s) and transfer(s) unto


 


	PLEASE
    INSERT SOCIAL SECURITY OR OTHER

    IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 
	 	 
	 	 


 


	 
	 
	(PLEASE
    PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 
	 


rights
represented by the within Certificate, and do(es) hereby irrevocably constitute and appoint 


 


____________________________________________________________________________ Attorney
to transfer said rights on the books of the within named Company will full power of substitution in the premises. 


 


	Dated	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Notice:	The
    signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without
    alteration or enlargement or any change whatever.


 


Signature(s)
Guaranteed:


 


	 	 
	THE
    SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
    UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).	 


 


The
holder of this certificate shall have no right or interest of any kind in or to the funds held in the Company’s trust account (as
defined in the Prospectus).