Exhibit
4.1


 


	NUMBER	UNITS
	U-	 


 


SEE
REVERSE FOR CERTAIN DEFINITIONS


 


CUSIP
78661R 205


 


SAGALIAM
ACQUISITION CORP.


 


UNITS
CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE RIGHT TO RECEIVE ONE-EIGHTH OF ONE SHARE OF CLASS A COMMON STOCK


 


THIS
CERTIFIES THAT is the owner of Units.


 


Each
Unit (“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common
Stock”), of Sagaliam Acquisition Corp., a Delaware corporation (the “Company”), and one right
(the “Right”) entitling the holder to receive one-eighth (1/8) of one share of Common Stock (subject
to adjustment). The Common Stock and Rights comprising the Units represented by this certificate are not transferable separately prior
to , 2021, unless EF Hutton, division of Benchmark Investments, LLC, elects 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 the Company’s initial public offering and issuing a press release
announcing when separate trading will begin. The terms of the Rights are governed by a Rights Agreement, dated as of , 2021, between
the Company and Continental Stock Transfer & Trust Company, as Rights 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 Rights Agreement
are on file at the office of the Rights Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to
any Right holder on written request and without cost.


 


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 New York.


 


Witness
the facsimile signature of a duly authorized signatory of the Company.


 


	 	 	 
	Authorized
    Signatory	 	Transfer
    Agent


 


Sagaliam
Acquisition Corp.


 


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	 	 
	 	 	 	 	 	 	 	 	 	 	 
	TEN
    ENT - as tenants by the entireties	 	 	 	 	 	(Cust)
    	 	 	 	(Minor)
    
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	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, assign and transfer 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 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 whatever.


 


	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).	 


 


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 its initial public offering only
in the event that (i) the Company redeems the shares of Class A common stock sold in the Company’s initial public offering and
liquidates because it does not consummate an initial business combination within the time period set forth in the Company’s amended
and restated certificate of incorporation, as the same may be amended from time to time (such date being referred to herein as the “Last
Date”), (ii) the Company redeems the shares of Class 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 to modify the substance or timing of the Company’s
obligation to redeem 100% of the Class A common stock if it does not consummate an initial business combination by the Last Date, or
(iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of Class 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.


 




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