Document:

Exhibit
4.1

 

	 	NUMBER
    UNITS

    U-
	SEE
    REVERSE FOR CERTAIN

    DEFINITIONS	CUSIP

 

WALDENCAST
ACQUISITION Corp.

 

UNITS
CONSISTING OF ONE CLASS A ORDINARY SHARE AND ONE-THIRD OF ONE REDEEMABLE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE
ONE CLASS A ORDINARY SHARE

 

	THIS CERTIFIES THAT	is
                                         the owner of	Units.

 

Each
Unit (“Unit”) consists of one (1) Class A Ordinary Share, par value $0.0001 per share (“Class A
Ordinary Shares”), of Waldencast Acquisition Corp., a Cayman Islands exempted company (the “Company”),
and one-third (1/3) of one redeemable warrant (the “Warrant”). Each whole Warrant entitles the holder
to purchase one (1) Class A Ordinary Share (subject to adjustment) for $11.50 per share (subject to adjustment). Only whole Warrants
are exercisable. Each Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion
of a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one
or more businesses (each a “Business Combination”), and (ii) twelve (12) months from the closing of
the Company’s initial public 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 Class A Ordinary Shares and Warrants comprising the Units represented by this certificate will begin
separate trading on                      ,
2021 unless Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC 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 its initial public offering and, if the separation
date is earlier than trading on                        
, 2021, issuing a press release announcing when separate trading will begin. No fractional Warrants will be issued upon separation
of the Units. The terms of the Warrants are governed by a Warrant Agreement, dated as of ,                    
2021, 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 One State Street, 30th Floor, New York, New
York 10004, and are available to any Warrant holder on written request and without cost.

 

Upon
the consummation of the Business Combination, the Units represented by this certificate will automatically separate into the Class
A Ordinary Shares and Warrants comprising such Units.

 

This
certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar of the Company.

 

This
certificate shall be governed by and construed in accordance with the laws of the State of New York.

 

Witness
the facsimile signature of its duly authorized officers.

 

	 	 	 
	[TITLE]		[TITLE]

 

     

     

    

 

Waldencast
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 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)
 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 does hereby irrevocably constitute and appoint
	

                                                                            

                                                                           __________________________Attorney
                                         to transfer the said Units on the register of members of the within named Company with
                                         full power of substitution in the premises.

                                                                            

	Dated:____________

 

    2 

     

    

 

	 	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 UNDER
    THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED). 	 	 

 

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 Class A Ordinary
Shares sold in its initial public offering and liquidates because it does not consummate an initial business combination by                     ,
2023, or by such later date approved by the Company’s shareholders in accordance with the Company’s amended and restated
memorandum and articles of association, (ii) the Company redeems the Class A Ordinary Shares sold in its initial public offering
in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association
(A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s
initial business combination or to redeem 100% of the Class A Ordinary Shares if it does not complete its initial business combination
by                     , 2023,
or by such later date approved by the Company’s shareholders in accordance with the Company’s amended and restated
memorandum and articles of association, or (B) with respect to any other provision relating to the holder(s)’(s) rights
or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her, its or their respective
Class A Ordinary Shares in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder
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 to or in the trust account.

 

 

3Exhibit
4.2

 

	NUMBER	NUMBER

    C

    SHARES

    SEE REVERSE FOR

    CERTAIN DEFINITIONS

    CUSIP

 

WALDENCAST
ACQUISITION CORP.

INCORPORATED UNDER THE LAWS OF THE CAYMAN ISLANDS

CLASS A ORDINARY SHARES

 

	This Certifies that	

 

	is the owner of	 

 

FULLY
PAID AND NON-ASSESSABLE CLASS A ORDINARY SHARES OF THE PAR VALUE OF U.S.$0.0001 EACH OF

 

WALDENCAST
ACQUISITION CORP.

(THE “COMPANY”)

 

transferable
on the register of members of the Company in person or by duly authorized attorney upon surrender of this certificate properly
endorsed.

 

The
Company will be forced to redeem all of its Class A Ordinary Shares if it is unable to complete a business combination by                     ,
2023, or such by later date approved by the Company’s shareholders in accordance with the Company’s amended and restated
memorandum and articles of association, all as more fully described in the Company’s final prospectus dated , 2021.

 

This
certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar of the Company.

Witness
the facsimile signatures of its duly authorized officers.

 

	 	 	 
	[TITLE]		[TITLE]

 

     

     

    

 

WALDENCAST
ACQUISITION CORP.

 

The
Company will furnish without charge to each shareholder who so requests 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. This certificate and the shares represented thereby are issued and shall be
held subject to all the provisions of the amended and restated memorandum and articles of association and all amendments thereto
and resolutions of the Board of Directors providing for the issue of securities (copies of which may be obtained from the secretary
of the Company), to all of which the holder of this certificate by acceptance hereof assents.

 

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 sells, assigns and transfers unto

 

	(PLEASE
                                         INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S))

                                                                                 

	(PLEASE
                                         PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S))

                                                                                 

	 

                                                                                                             

	 

                                                                                

	Shares
                                         represented by the within Certificate, and does hereby irrevocably constitute and appoint

                                                                                 

	Attorney
                                         to transfer the said shares on the register of members of the within named Company with
                                         full power of

                                                                           substitution
                                         in the premises.

                                                                            

 

    2 

     

    

 

	Dated:
	 
	 

 

	NOTICE:
        THE SIGNATURE(S) 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:

    By
	 

 

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 UNDER THE UNITED
STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED).

 

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 Class A Ordinary
Shares sold in its initial public offering and liquidates because it does not consummate an initial business combination by                     ,
2023, or by such later date approved by the Company’s shareholders in accordance with the Company’s amended and restated
memorandum and articles of association, (ii) the Company redeems the Class A Ordinary Shares sold in its initial public offering
in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association
(A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s
initial business combination or to redeem 100% of the Class A Ordinary Shares if it does not complete its initial business combination
by                     , 2023,
or by such later date approved by the Company’s shareholders in accordance with the Company’s amended and restated
memorandum and articles of association, or (B) with respect to any other provision relating to the holder(s)’(s) rights
or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her, its or their respective
Class A Ordinary Shares in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder
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 to or in the trust account.

 

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}]]