Document:

Exhibit
4.3

 

	NUMBER
    _________- 	(SEE
                                         REVERSE SIDE FOR LEGEND)

        THIS
        WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO THE EXPIRATION DATE (DEFINED BELOW)
	WARRANTS

 

ACKRELL
SPAC PARTNERS I CO.

CUSIP
00461L 113

 

WARRANT

 

THIS
CERTIFIES THAT, for value received ______, is the registered holder of a warrant or warrants (the “Warrant(s)”)
of Ackrell SPAC Partners I Co., a Delaware corporation (the “Company”), expiring at 5:00 p.m., New York City
time, on the five year anniversary of the Company’s completion of an initial merger, share exchange, asset acquisition,
stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities
(a “Business Combination”), to purchase one fully paid and non-assessable share of common stock, par value
$0.0001 per share (“Shares”), of the Company for each Warrant evidenced by this Warrant Certificate. The Warrant
entitles the holder thereof to purchase from the Company, commencing on the later of (a) _______, 2021 and (b) thirty days after
the Company’s completion of an initial Business Combination, such number of Shares of the Company at the Warrant Price (as
defined below), upon surrender of this Warrant Certificate and payment of the Warrant Price at the office or agency of Continental
Stock Transfer & Trust Company (the “Warrant Agent”), but only subject to the conditions set forth herein
and in the Warrant Agreement between the Company and Continental Stock Transfer & Trust Company. In no event will the Company
be required to net cash settle any warrant exercise. The term “Warrant Price” as used in this Warrant Certificate
refers to the price per Share at which Shares may be purchased at the time the Warrant is exercised. The initial Warrant Price
per Share is equal to $11.50 per share. The Warrant Agreement provides that upon the occurrence of certain events the Warrant
Price, the Redemption Trigger Price (defined below) and the number of Shares purchasable hereunder, set forth on the face hereof,
may, subject to certain conditions, be adjusted.

 

No
fraction of a Share will be issued upon any exercise of a Warrant. If the holder of a Warrant would be entitled to receive a fraction
of a Share upon any exercise of a Warrant, the Company shall, upon such exercise, round up to the nearest whole number the number
of Shares to be issued to such holder.

 

Upon
any exercise of the Warrant for less than the total number of full Shares provided for herein, there shall be issued to the registered
holder hereof or the registered holder’s assignee a new Warrant Certificate covering the number of Shares for which the
Warrant has not been exercised.

 

Warrant
Certificates, when surrendered at the office or agency of the Warrant Agent by the registered holder in person or by attorney
duly authorized in writing, may be exchanged in the manner and subject to the limitations provided in the Warrant Agreement, but
without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor and evidencing in
the aggregate a like number of Warrants.

 

Upon
due presentment for registration of transfer of the Warrant Certificate at the office or agency of the Warrant Agent, a new Warrant
Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to
the transferee in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without
charge except for any applicable tax or other governmental charge.

 

     

     

    

 

The
Company and the Warrant Agent may deem and treat the registered holder as the absolute owner of this Warrant Certificate (notwithstanding
any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution
to the registered holder, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice
to the contrary.

 

This
Warrant does not entitle the registered holder to any of the rights of a stockholder of the Company.

 

The
Company reserves the right to call the Warrant at any time prior to its exercise with a notice of call in writing to the holders
of record of the Warrant, giving at least 30 days’ notice of such call, at any time while the Warrant is exercisable, if
the last sale price of the Shares has been at least $18.00 per share (the “Redemption Trigger Price”) on each
of 20 trading days within any 30 trading day period (the “30-day trading period”) commencing after the Warrants
become exercisable and ending on the third business day prior to the date on which notice of such call is given and if, and only
if, there is a current registration statement in effect with respect to the Shares underlying the Warrants commencing five business
days prior to the 30-day trading period and continuing each day thereafter until the date of redemption. The call price of the
Warrants is to be $0.01 per Warrant. Any Warrant either not exercised or tendered back to the Company by the end of the date specified
in the notice of call shall be canceled on the books of the Company and have no further value except for the $0.01 call price.

 

	By:		 	
	 	President	 	Secretary

 

     

     

    

 

SUBSCRIPTION
FORM

 

To
Be Executed by the Registered Holder in Order to Exercise Warrants

 

The
undersigned Registered Holder irrevocably elects to exercise ______________ Warrants represented by this Warrant Certificate,
and to purchase the Common Stock issuable upon the exercise of such Warrants, and requests that Certificates for such shares shall
be issued in the name of

 

_____________________________________________________________________________________

 

_____________________________________________________________________________________

 

_____________________________________________________________________________________

 

_____________________________________________________________________________________

 

(PLEASE
TYPE OR PRINT NAME AND ADDRESS)

 

_____________________________________________________________________________________

 

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

 

and
be delivered to _____________________________________________________________________

 

             (PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

and,
if such number of Warrants shall not be all the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate
for the balance of such Warrants be registered in the name of, and delivered to, the Registered Holder at the address stated below:

 

	Dated:	
	 	(SIGNATURE)
	 	 

	 	 
	 	 

	 	 
	 	(ADDRESS)

        

	 	
	 	 
	 	(TAX
    IDENTIFICATION NUMBER)

 

     

     

    

 

ASSIGNMENT

 

To
Be Executed by the Registered Holder in Order to Assign Warrants

 

For
Value Received, _______________________ hereby sell, assign, and transfer unto

 

	(PLEASE
                                         TYPE OR PRINT NAME AND ADDRESS)

         

	 

         

	 

         

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

 

and
be delivered to _______________________________________________________________________

(PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

______________________
of the Warrants represented by this Warrant Certificate, and hereby irrevocably constitute and appoint _________________________________
Attorney to transfer this Warrant Certificate on the books of the Company, with full power of substitution in the premises.

 

	Dated:	 	 	
	 	 	(SIGNATURE)

 

The
signature to the assignment of the Subscription Form must correspond to the name written upon the face of this Warrant Certificate
in every particular, without alteration or enlargement or any change whatsoever, and must be guaranteed by a commercial bank or
trust company or a member firm of the NYSE American, Nasdaq, New York Stock Exchange, Pacific Stock Exchange, or Chicago
Stock Exchange.Exhibit 4.4

 

NUMBER SUBUNITS SU

 

SEE REVERSE FOR CERTAIN DEFINITIONS

CUSIP 00461L 303

 

ACKRELL SPAC PARTNERS I CO.

 

SUBUNITS CONSISTING OF ONE SHARE OF COMMON
STOCK AND ONE-HALF OF ONE

WARRANT,

EACH WHOLE WARRANT ENTITLING THE HOLDER
TO PURCHASE ONE SHARE OF COMMON STOCK

 

	THIS CERTIFIES THAT	 	is the owner of	 	Subunits.

 

Each Subunit (“Subunit”)
consists of one share of common stock, par value $.0001 per share (“Common Stock”), and one-half of one
(1) warrant (“Warrant”) of Ackrell SPAC Partners I Co., a Delaware corporation (the “Company”). 
Each whole Warrant entitles the holder to purchase one (1) share of Common Stock (subject to adjustment) for $11.50 per share (subject
to adjustment).  Each whole Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s
completion of a merger, share 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, 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 Common Stock and Warrants comprising the Subunits represented by this certificate are
not transferable separately until the Company consummates its initial Business Combination.  The terms of the Warrants are
governed by a Warrant Agreement, dated as of               ,
2020, 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, New York, New York 10004, and
are available to any Warrant holder on written request and without cost.

 

The Company will be
forced to redeem all of the Subunits sold in its initial public offering if it is unable to complete a Business Combination by
, 2022, as more fully described in the Company’s final prospectus dated             , 2020.

 

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.

 

	 	 	 
	Chief Executive Officer	 	Secretary

 

     

     

    

 

 

Ackrell SPAC Partners I Co.

 

The Company will furnish
without charge to each subunit holder 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 and not as tenants in common	 	 	under Uniform Gifts to Minors
	 	 	 	 	 	 	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)
	 
	 
	       Subunits represented by the within Certificate, and does hereby irrevocably constitute and appoint
	 
	                         Attorney to transfer the said Subunits 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 UNDER THE SECURITIES ACT OF 1933, AS AMENDED).	 	 

 

In each case, as more
fully described in the Company’s final prospectus dated            ,
2020, 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 Corporation is forced to liquidate
because it does not consummate an initial business combination within the period of time set forth in the Corporation’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 subunits upon consummation of, or sell his subunits 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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