Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 44

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 44
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 Class A ordinary shares and (ii) 2,875,000 Class B ordinary share. In addition,
we issued (i) 5,750,000 public warrants included in the public units, every whole warrant entitling their holder to purchase one
Class A ordinary share upon the consummation of an initial business combination, and (iii) 6,850,000 Private Placement Warrants,
each exercisable to purchase one Class A ordinary share as part of the Private Placement with the Sponsor that we consummated simultaneously
with the consummation of our IPO.

As of November 3, 2025,
approximately $15.15 million in proceeds from our IPO and the Private Placement and interest income were held in the Trust Account in
the United States maintained by Continental, acting as trustee. The proceeds held in the Trust Account may only be invested in United
States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act, having a maturity
of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company
Act which invest only in direct U.S. government treasury obligations. Pursuant to the Trust Agreement, the trustee is not permitted to
invest in other securities or assets. As currently in effect, the Trust Account is intended as a holding place for funds pending the earliest
to occur of: (i) the completion of our initial business combination; (ii) the redemption of any public shares properly submitted
in connection with a shareholder vote to amend our (A) to modify the substance or timing of our obligation to allow redemption in
connection with our initial business combination or to redeem 100% of our Public Shares if we do not complete our initial business combination
by December 15, 2025, subject to any extension approved by shareholders, or (B) with respect to any other provision relating
to shareholders’ rights or pre-initial business combination activity; or (iii) absent an initial business combination by December 15,
2025, our return of the funds held in the Trust Account to our public shareholders as part of our redemption of the public shares.

Sponsor Handover

On November 8, 2023,
we entered into a purchase agreement (the “Purchase Agreement”) with IWH Sponsor LP, the Company’s prior sponsor,
and Sriram Associates, LLC ( “Sriram”), pursuant to which, the prior sponsor agreed to transfer to Sriram or