EX-4.1






 Exhibit 4.1 

NUMBER UNITS 
 U-[•] 

SEE REVERSE FOR CERTAIN 
 DEFINITIONS 

CUSIP 84854Q202 
 SPINDLETOP
HEALTH ACQUISTION CORP. 
 UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE- HALF OF ONE 

REDEEMABLE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER 

TO PURCHASE 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 Spindletop Health Acquisition Corp., a Delaware corporation
(the “Company”) and one-half of one redeemable warrant (“Warrant”). Each whole Warrant entitles the holder to purchase one
(1) share (subject to adjustement) of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”), or (ii) twelve (12) months from
the closing of the Company’s initial public offering of the Units (the “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 “Expiration Date”). The Common Stock and Warrants comprising the Units represented by this
certificate are not transferable separately prior to                 , 2021 unless the underwriters 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
the Offering and issuing a press release announcing when separate trading will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as
of                 , 2021, between the Company and Continental Stock Transfer & Trust Company (“Continental”), 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 Continental at 1
State Street, 30th Floor, New York, New York 10004, and are available to any Warrant 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 its duly authorized officers. 
  

					
	   
	 		 	   

	 Secretary
	 		 	 Chief Executive Officer















 Spindletop Health 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)
		  		  		  		  		  	Under Uniform Gifts to Minors
						
	JT TEN	  	—	  	as joint tenants with right of survivorship and not as tenants in common	  		  		  	 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 relating to the Offering,
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 Offering only in the event that (i) the Company redeems the shares of Common Stock sold in the Offering and liquidates because it does not consummate an initial Business
Combination by                , 2023, (ii) the Corporation redeems the shares of Common Stock sold in the 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 Corporation’s obligation to allow redemption in connection with the Corporation’s initial business combination or to redeem
100% of Common Stock if it does not consummate an initial business combination by                , 2023 (subject to the extensions described in the final prospectus
relating to the Offering) or (b) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to
redeem for cash his, her or its respective shares of 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.