Specimen Unit Certificate
EXHIBIT 4.1
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U-___________ |
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SEE REVERSE FOR CERTAIN DEFINITIONS | Reborn Coffee, Inc. |
CUSIP ___
UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND
ONE WARRANT
THIS CERTIFIES THAT ______________________________________________________________
is the owner of _____________________________________________________________________ Units.
Each Unit (“Unit”) consists of one (1) share of common stock, par value $___ per share (“Common Stock”), of Reborn Coffee, Inc., a Delaware corporation (the “Company”) and one warrant (“Warrant(s)”). Each Warrant entitles the holder to purchase one share of Common Stock for $___ per share (subject to adjustments as set forth in the Warrant Agreement referenced below). Each Warrant will become exercisable on the later of (a) six months after 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”) and (b) one year from the date of the final prospectus relating to the Company’s initial public offering (the “Final Prospectus”), and will expire unless exercised before 5:00 p.m., New York City Time, on the fifth anniversary of the completion of an initial Business Combination, or earlier upon redemption or liquidation. The Common Stock and Warrants comprising the Unit(s) represented by this certificate are not transferable separately until 52 days following the date of the Final Prospectus, unless EF Hutton, division of Benchmark Investments, LLC, informs the Company of their decision to allow earlier separate trading, except that in no event will the Common Stock and Warrants be separately tradeable until the Company has filed an audited balance sheet reflecting the Company’s receipt of the gross proceeds of its initial public offering and issued a press release announcing when such separate trading will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as of , 2022 between the Company and Securities Transfer Corporation, 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. A copy of the Warrant Agreement is on file at the office of the Warrant Agent at 15500 Roosevelt Blvd, Suite 104, Clearwater, Florida 33760, 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.
By |
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| Chairman |
| Secretary |
[IMAGE]
Reborn Coffee, Inc.
The Company will furnish without charge to each shareholder 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 |
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| and not as tenants in common | Act ______________ |
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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 |
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(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) | |
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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 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: | |
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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). |
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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 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 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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