Company: WELNF
Filing Date: 2025-10-31
Form Type: PRE 14A
Source: 0001104659-25-104954
Chunk: 75

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-10-31
Form: PRE 14A
Chunk 75
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 certain other tests described below. Special constructive ownership rules apply in determining whether a Redeeming
U.S. Holder’s ownership of shares is treated as completely terminated (and in general, such Redeeming U.S. Holder may not be considered
to have completely terminated its interest if it continues to hold our warrants). If gain or loss treatment applies, such gain or loss
will be long-term capital gain or loss if the holding period of such shares is more than one year at the time of the exchange. It is possible
that because of the redemption rights associated with our shares, the holding period of such shares may not be considered to begin until
the date of such redemption (and thus it is possible that long-term capital gain or loss treatment may not apply to shares redeemed in
the redemption). Shareholders who hold different blocks of shares (generally, shares purchased or acquired on different dates or at different
prices) should consult their tax advisors to determine how the above rules apply to them.

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Cash received upon redemption
that does not completely terminate the Redeeming U.S. Holder’s interest will still give rise to capital gain or loss, if the redemption
is either (i) “substantially disproportionate” or (ii) “not essentially equivalent to a dividend.” In
determining whether the redemption is substantially disproportionate or not essentially equivalent to a dividend with respect to a Redeeming
U.S. Holder, that Redeeming U.S. Holder is deemed to own not just shares actually owned but also shares underlying rights to acquire our
shares (including for these purposes our warrants) and, in some cases, shares owned by certain family members, certain estates and trusts
of which the Redeeming U.S. Holder is a beneficiary, and certain affiliated entities.

Generally, the redemption
will be “substantially disproportionate” with respect to the Redeeming U.S. Holder if (i) the Redeeming U.S. Holder’s
percentage ownership of the issued and outstanding voting shares (including all classes which carry voting rights) of the Company is reduced
immediately after the redemption to less than 80% of the Redeeming U.S. Holder’s percentage interest in such shares immediately
before the redemption; (ii) the Redeeming U.S. Holder’s percentage ownership of the issued and outstanding shares (both voting
and nonvoting) immediately after the redemption is reduced to less than 80% of such percentage ownership immediately before the redemption;
and (iii) the Redeeming