Exhibit
4.1 

 

	
NUMBER

 

MCACU

	 	
UNITS




 

	
SEE REVERSE FOR

CERTAIN DEFINITIONS

	
MOUNTAIN CREST ACQUISITION CORP

	 


 

CUSIP 62401M
205

 

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND 
ONE RIGHT TO RECEIVE ONE-TENTH OF ONE SHARE OF COMMON STOCK 

 

	
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 Mountain Crest Acquisition Corp, a Delaware corporation (the “Company”)
and one right (the “Right(s)”). Every ten Rights entitles the holder thereof to receive one share of
Common Stock upon the consummation of an the Company’s completion of a merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization or other similar business combination (“Business Combination”). The
Common Stock and Rights comprising the Units represented by this certificate are not transferable separately prior to the 90th
day after the date of the prospectus relating to the closing of the Company’s initial public offering (“IPO”),
subject to earlier separation in the discretion of Chardan Capital Markets, LLC, provided that the Company has filed with the Securities
and Exchange Commission a Current Report on Form 8-K which includes an audited balance sheet reflecting the Company’s receipt
of the gross proceeds of the IPO and issued a press release announcing when separate trading will begin. The terms of the Rights
are governed by a rights agreement (the “Rights Agreement”), dated as of [●], 2020, between the
Company and Continental Stock Transfer & Trust Company, as the rights agent, and is subject to the terms and provisions contained
therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof.  A copy of the
Rights Agreement is on file at the office of Continental Stock Transfer & Trust Company at 1 State Street, New York, New York
10004 and is available to Rights 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

	 	 	 
	 	
Chairman of the Board

	 	
Chief Executive Officer






     


     


    

 

 

Mountain Crest Acquisition Corp

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 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.






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	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.



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