Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 308

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 308
---
 |            — | ​ | ​ |
| Equity Injection                               | ​         | ​ | ​           | ​ |     26,355 | ​ | ​         | ​ | ​               | ​ |            — | ​ | ​         | ​ | ​ | ​ |            — | ​ | ​         | ​ | ​ | ​ |            — | ​ | ​         | ​ | ​ | ​ |            — | ​ | ​         | ​ | ​ | ​ |            — | ​ | ​ |
| Other Reserves                                 | ​         | ​ | ​           | ​ |    249,105 | ​ | ​         | ​ | ​               | ​ |            — | ​ | ​         | ​ | ​ | ​ |            — | ​ | ​         | ​ | ​ | ​ |            — | ​ | ​         | ​ | ​ | ​ |            — | ​ | ​         | ​ | ​ | ​ |            — | ​ | ​ |
| Total Equity                                   | ​         | ​ | ​           | ​ |  1,985,606 | ​ | ​         | ​ | ​               | ​ |    3,950,784 | ​ | ​         | ​ | ​ | ​ |   14,428,891 | ​ | ​         | ​ | ​ | ​ |   73,843,744 | ​ | ​         | ​ | ​ | ​ |  188,851,998 | ​ | ​         | ​ | ​ | ​ |  412,459,558 | ​ | ​ |

162

TABLE OF CONTENTS

The financial projections are subjective in many respects. As a result, there can be no assurance that the financial projections will be realized or that actual results will not be significantly lower than estimated. The IWAC Board considered, and recognized as part of its review and evaluation, the possibility that some of the assumptions underlying the projections would not materialize. Since the financial projections cover multiple years, that information by its nature becomes less predictive with each successive year. Neither Btab’s management nor Btab representatives has made or makes any representations to any person regarding the ultimate performance of Btab relative to the financial projections. The financial projections are not fact nor a guarantee of actual future performance. The future financial results of Btab may differ materially from those expressed in the financial projections due to factors beyond Btab ability to control or predict.

Btab’s financial projections are based on a combination of historical performance, business expansion plans,