Exhibit
4.2


 


SPECIMEN
COMMON STOCK CERTIFICATE


 


 


	NUMBER

     

    ALKD
	 	SHARES


 


ALKAID
ACQUISITION CORP.

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

COMMON STOCK


 


	SEE REVERSE FOR

    CERTAIN DEFINITIONS
	 	CUSIP
    016421 109


 


This
Certifies that                                                                                                                                                                                           is the owner of                                                                                                                                                                                           


 


FULLY
PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK,

PAR VALUE OF $0.0001, OF


 


ALKAID
ACQUISITION CORP.


 


transferable
on the books of Alkaid Acquisition Corp., a Delaware corporation (the “Company”), in person or by duly authorized
attorney upon surrender of this certificate properly endorsed. The Company will be forced to liquidate if it is unable to complete an
initial business combination within the period of time as set forth in the Company’s Amended and Restated Certificate of Incorporation,
as the same may be amended from time to time, all as more fully described in the Company’s final prospectus dated [●], 2022.


 


This
certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar of the Company.


 


Witness
the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.


 


	 	 	 
	CHIEF
    EXECUTIVE OFFICER	 

     

    [INSERT
    SEAL

    HERE]
	SECRETARY


  




     


     


    

 


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 stock or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to
all the provisions of the Company’s 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)
	 
	 
	 
	 


shares
of the capital stock represented by the within Certificate, and do(es) hereby irrevocably constitute and appoint 


 


____________________________________________________________________________ Attorney
to transfer the said stock 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(s) of this certificate shall be entitled to receive a pro-rata portion of the funds from the trust account only in the event that
(i) the Company is forced to liquidate because it does not consummate an initial business combination within the period of time set forth
in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time (the “Charter”)
or (ii) if the holder(s) seek(s) to convert his, her or its shares upon consummation of, or tender(s) his, her or its shares in a tender
offer in connection with, an initial business combination or in connection with certain amendments to the Charter. In no other circumstances
shall the holder(s) have any right or interest of any kind in or to the trust account.