Document:

Exhibit
4.1

 

SPECIMEN
UNIT CERTIFICATE

 

	NUMBER

     

    ALKDU
	 	UNITS

  

ALKAID
ACQUISITION CORP.

 

	SEE REVERSE FOR

    CERTAIN DEFINITIONS
	 	CUSIP
    016421 208

 

UNITS
CONSISTING OF ONE SHARE OF COMMON STOCK AND

ONE RIGHT TO RECEIVE ONE-FIFTH (1/5) 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 Alkaid Acquisition Corp., a Delaware corporation (the “Company”) and one right (the “Right(s)”).
Every five Rights entitles the holder thereof to receive one share of Common Stock upon the consummation of the Business Combination.
The Common Stock and Rights comprising the Units represented by this certificate are not transferable separately prior to the 45th 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 [●], 2022,
between the Company and Continental Stock Transfer & Trust Company, as 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, 30th Floor, New York, NY 10004-1561 and
is available to a 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	 	 	 
	 	Chief
    Executive Officer	 	Secretary

 

     

     

    

  

Alkaid
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	 
	 	 	 	 	 	 	(Cust)	 	(Minor)
	TEN
    ENT	—	as
    tenants by the entireties	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	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(s), assign(s) and transfer(s) 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(es) 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(s) seek(s) to convert his,
her or its shares upon consummation of, or tender(s) his, her or its 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.Exhibit
4.2

 

SPECIMEN
COMMON STOCK CERTIFICATE

 

 

	NUMBER

     

    ALKD
	 	SHARES

 

ALKAID
ACQUISITION CORP.

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

COMMON STOCK

 

	SEE REVERSE FOR

    CERTAIN DEFINITIONS
	 	CUSIP
    016421 109

 

This
Certifies that                                                                                                                                                                                           is the owner of                                                                                                                                                                                           

 

FULLY
PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK,

PAR VALUE OF $0.0001, OF

 

ALKAID
ACQUISITION CORP.

 

transferable
on the books of Alkaid Acquisition Corp., a Delaware corporation (the “Company”), in person or by duly authorized
attorney upon surrender of this certificate properly endorsed. The Company will be forced to liquidate if it is unable to complete an
initial business combination within the period of time as set forth in the Company’s Amended and Restated Certificate of Incorporation,
as the same may be amended from time to time, all as more fully described in the Company’s final prospectus dated [●], 2022.

 

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

 

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

 

	 	 	 
	CHIEF
    EXECUTIVE OFFICER	 

     

    [INSERT
    SEAL

    HERE]
	SECRETARY

  

     

     

    

 

Alkaid
Acquisition Corp.

 

The
Company will furnish without charge to each stockholder who so requests 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. This certificate and the shares represented thereby are issued and shall be held subject to
all the provisions of the Company’s Amended and Restated Certificate of Incorporation and all amendments thereto and resolutions
of the Board of Directors providing for the issue of shares of Common Stock (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	 
	 	 	 	 	 	 	(Cust)	 	(Minor)
	TEN
    ENT	—	as
    tenants by the entireties	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	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(s), assign(s) and transfer(s) unto

 

	PLEASE
    INSERT SOCIAL SECURITY OR OTHER

    IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 
	 	 
	 	 

 

 

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

shares
of the capital stock represented by the within Certificate, and do(es) hereby irrevocably constitute and appoint 

 

____________________________________________________________________________ Attorney
to transfer the said stock 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 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(s) seek(s) to convert his, her or its shares upon consummation of, or tender(s) his, her or its 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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