Specimen Unit Certificate
Exhibit 4.1
| NUMBER U-_________________
| UNITS | |||
| SEE REVERSE FOR CERTAIN DEFINITIONS | TRIDENT ACQUISITIONS CORP. | |||
| CUSIP |
UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND
ONE WARRANT, EACH WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF COMMON STOCK
| THIS CERTIFIES THAT |
| is the owner of | Units. |
Each Unit (“Unit”) consists of one share of common stock, par value $.001 per share, of Trident Acquisitions Corp., a Delaware corporation (the “Company”), and one warrant. Each warrant entitles the holder to purchase one share of common stock of the Company at $11.50 per share (subject to adjustment), upon the later to occur of (i) 30 days after the Company’s completion of an merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, with one or more target businesses (a “Business Combination”) or (ii) 12 months from the closing of the Company’s initial public offering (the “IPO”). Each warrant expires 5 years after the completion of our initial Business Combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
The common stock and warrant(s) comprising the Unit(s) represented by this certificate are not transferable separately until 90 days after the date of the prospectus relating to the IPO, unless Chardan Capital Markets, LLC informs us of its decision to allow earlier separate trading, provided that we have filed with the SEC a Current Report on Form 8-K, which includes an audited balance sheet reflecting our receipt of the proceeds of the IPO.
The terms of the warrants are governed by a warrant agreement (the “Warrant Agreement”), dated as of [·], 2018, between the Company and Continental Stock Transfer & Trust Company, as the 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 17 Battery Place, 8th floor, New York, NY 10004, 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.
[Corporate Seal]
This Unit Certificate shall be governed and construed in accordance with the internal laws of the State of New York, without regard to conflicts of laws principles thereof.
By:
| Chairman | Secretary |
Trident Acquisitions 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 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 | 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 sells, assigns and transfers 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 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) 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 of this certificate shall be entitled to receive funds with respect to the underlying share of common stock from the trust fund only in the event of the Company’s liquidation upon failure to consummate a business combination or if the holder seeks to convert his or her respective shares of common stock underlying the unit upon consummation of such business combination or in connection with certain amendments to the Company’s Amended and Restated Certificate of Incorporation. In no other circumstances shall the holder have any right or interest of any kind in or to the trust fund.
