Exhibit 4.1


 


NUMBER UNITS

U-


 


SEE REVERSE FOR CERTAIN

DEFINITIONS


 


CUSIP


 


LIBERTY MEDIA ACQUISITION CORPORATION


 


UNITS CONSISTING OF ONE SHARE OF SERIES
A COMMON STOCK AND

ONE-FIFTH OF ONE REDEEMABLE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER TO 

PURCHASE ONE SHARE OF SERIES A COMMON STOCK


 


	THIS CERTIFIES THAT	is the owner of	Units.




 


Each Unit (“Unit”) consists of one
(1) share of Series A common stock, par value $0.0001 per share (“Series A Common Stock”), of Liberty
Media Acquisition Corporation, a Delaware corporation (the “Company”), and one-fifth (1/5) of one redeemable
warrant (each whole warrant exercisable for one share of Series A Common Stock) (the “Warrant”). Each
whole Warrant entitles the holder to purchase one (1) share of Series A Common Stock (subject to adjustment) for $11.50 per share
(subject to adjustment). Only whole Warrants are exercisable. Each Warrant will become exercisable on the later of (i) thirty (30)
days after the Company’s completion of an initial merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or other similar business combination with one or more businesses (each a “Business Combination”), and
(ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before
5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business
Combination, or earlier upon redemption or liquidation. The shares of Series A Common Stock and Warrants comprising the Units represented
by this certificate are not transferable separately prior to                                       , 2021, unless Citigroup Global Markets, Inc. and Morgan Stanley &
Co. LLC elect to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the
Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds
of its initial public offering (the “Form 8-K”) and issuing a press release announcing when such earlier separate trading
will begin. The Company shall file the Form 8-K with the Securities and Exchange Commission no later than                                      , 2021. No fractional
Warrants will be issued upon separation of the Units and only whole Warrants will trade. The terms of the Warrants are governed
by a Warrant Agreement, dated as of                                      , 2021, between the Company and Continental Stock Transfer & Trust Company, as Warrant
Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate
consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at One State Street,
30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost.


 


Upon the consummation of the Business Combination,
the Units represented by this certificate will automatically separate into the Series A Common Stock and Warrants comprising such
Units.


 


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


 


This certificate shall be governed by and
construed in accordance with the internal laws of the State of Delaware.


 


Witness the facsimile signature of its duly
authorized officers.


 


	 	 	 
	Secretary	 	Principal Executive Officer




 


	 
	 



 


LIBERTY MEDIA ACQUISITION CORPORATION


 






     


     


    

 


 


The Company will furnish without charge
to each unitholder who so requests, a statement of 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.


 


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	 	 	 	 	 	 
	 	 	 	 	 	 	Under Uniform Gifts to
	JT TEN	—	as joint tenants with right of survivorship
    and not as tenants in common	 	 	 	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)


 


	 
	 
	 
	 
	 
	 



 


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


 


________________________Attorney to transfer the said Units
on the books of the within named Company with 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 whatsoever.


 


	 



 






     


     


    

 


Signature(s) Guaranteed:


 


THE SIGNATURE(S) MUST 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 (OR ANY SUCCESSOR RULE)

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS

AMENDED).


 


In each case, as more fully described in the Company’s
final prospectus dated                                , 2021, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds
held in the trust account established in connection with the Company’s initial public offering only in the event that (i)
the Company redeems the shares of Series A Common Stock sold in its initial public offering and liquidates 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, (ii) the Company redeems the shares of Series A Common Stock sold in its initial public offering in connection
with a stockholder vote to amend the Company’s amended and restated certificate of incorporation (A) to modify the substance
or timing of the Company’s obligation to allow redemptions in connection with the Company’s initial business combination
or to redeem 100% of the Series A Common Stock if it does not complete its initial business combination within the period of time
set forth in the Company’s amended and restated certificate of incorporation, or (B) with respect to any other provision
relating to the holder(s) rights or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for
cash his, her, its or their respective shares of Series A Common Stock in connection with a tender offer (or proxy solicitation,
solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details
of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind
in or to the trust account.