Exhibit 4.1


 


	
        NUMBER

        U-__________
	 	UNITS
	 	 	 
	SEE REVERSE FOR

 CERTAIN DEFINITIONS	TUSCAN HOLDINGS
    CORP.	 


 


CUSIP 90069K 203


 


UNITS CONSISTING OF ONE SHARE OF COMMON
STOCK AND


ONE WARRANT


 


THIS CERTIFIES THAT
________________________________________________________________________________ is the owner of _____________________________________________________________________________ Units. 


 


Each Unit (“Unit”) consists
of one (1) share of common stock, par value $0.0001 per share (“Common Stock”), of Tuscan Holdings Corp., a
Delaware corporation (the “Company”), and one warrant (“Warrant”). Each Warrant entitles
the holder to purchase one share of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable
on the later of (i) 30 days after the Company’s completion of an initial merger, capital stock exchange, asset acquisition,
or other similar business combination with one or more businesses or entities (a “Business Combination”) and
(ii) 12 months from the closing of the Company’s initial public offering (“IPO”), and will expire unless
exercised before 5:00 p.m., New York City Time, on the fifth anniversary of the completion of an initial Business Combination,
or earlier upon redemption or liquidation. The Common Stock and Warrant(s) comprising the Unit(s) represented by this certificate
are not transferable separately until ninety days following the effective date of the registration statement on Form S-1 filed
with the Securities and Exchange Commission (“SEC”) in connection with the Company’s IPO, unless EarlyBirdCapital,
Inc. informs the Company of its decision to allow earlier separate trading, except that in no event will the Common Stock and Warrants
be separately tradeable until the Company has filed a Current Report on Form 8-K with the SEC containing an audited balance sheet
reflecting the Company’s receipt of the gross proceeds of its IPO and issued a press release announcing when such separate
trading will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as of ______ ___, 2019, 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 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.


 


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


 


By


 


	 	
        Tuscan Holdings Corp.

         

        CORPORATE
	 
	Chairman 	
        SEAL

        2018

        DELAWARE
	Secretary


 




     


     


    

 


Tuscan Holdings Corp.


 


The Company will furnish
without charge to each shareholder 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	under Uniform Gifts to Minors
	 	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 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 with respect to the common stock underlying this certificate 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 seeks to convert his shares upon consummation of, or sell his 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.