Exhibit 4.1


 





	
                 NUMBER

        U-__________
	 	UNITS


 


	SEE REVERSE FOR CERTAIN DEFINITIONS	M I ACQUISITIONS, INC.	 


 


CUSIP


 


UNITS CONSISTING OF ONE SHARE OF COMMON
STOCK AND


ONE WARRANT ENTITLING ITS
HOLDER TO PURCHASE ONE SHARE OF COMMON STOCK


 


THIS CERTIFIES
THAT_____________________________________________________________________________ 


 


is the owner of
_______________________________________________________________________________ Units.


 


Each Unit (“Unit”) consists
of one share of common stock, par value $.001 per share, of M I Acquisitions, Inc., a Delaware corporation (the “Company”)
and one warrant. Each warrant entitles the holder to purchase one share of common stock of the Company at $11.50 per share (subject
to adjustment), upon the later to occur of (i) 30 days following 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”)
or (ii) 12 months from the closing of the initial public offering. Each warrant expires five years after the completion of our
initial Business Combination, at 5:00 p.m., New York City time, or earlier upon redemption.


 


The common stock and warrant(s) comprising
the Unit(s) represented by this certificate are not transferable separately until ninety (90) days after the date of the prospectus
relating to the initial public offering of the Company, unless Chardan Capital Markets, LLC informs us of its decision to allow
earlier separate trading, provided that we have filed with the SEC a Current Report on Form 8-K, which includes an audited balance
sheet reflecting our receipt of the proceeds of the initial public offering.


 


The terms of the warrants are
governed by a warrant agreement (the “Warrant Agreement”), dated as of _______, 2016, between the Company and
Continental Stock Transfer & Trust Company, as the 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 17 Battery Place, 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.


 


[Corporate Seal]


 


This Unit Certificate
shall be governed and construed in accordance with the internal laws of the State of New York, without regard to conflicts of laws
principles thereof.


 


	By	 	 	 
	 	 	 	 
	 	  Chairman	 	               Secretary


 




     


     


    

 


M I Acquisitions, Inc.


 


The Company will furnish
without charge to each stockholder who so requests, a statement of the powers, designations, preferences and relative, participating,
optional or other special rights of each class of shares 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(s), assign(s) and transfer(s) unto


 


PLEASE INSERT SOCIAL SECURITY OR OTHER


IDENTIFYING
NUMBER OF ASSIGNEE(S)


 


	 	 
	 	 


 


	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE(S))
	 
	 
	 
	 
	 	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 of this certificate shall be entitled to receive
funds with respect to the underlying shares of common stock from the trust fund only in the event of the Company’s liquidation
upon failure to consummate a business combination or if the holder seeks to convert his or her respective shares of common stock
underlying the unit upon consummation of such business combination or in connection with certain amendments to the Company’s
Amended and Restated Certificate of Incorporation. In no other circumstances shall the holder have any right or interest of any
kind in or to the trust fund.