Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 472

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 472
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 board of directors will provide appropriate risk oversight of Pubco’s activities given the controlling interests held by Binson Lau who will have substantial influence over Pubco’s business upon completion of the Business Combination.

#### Director Independence

#### Controlled Company Exception
After the completion of the Business Combination, Binson Lau will beneficially own more than 50% of the combined voting power of Pubco common stock. As a result, the post-Business Combination company, or BTAB Ecommerce Holdings, Inc. will be a “controlled company” within the meaning of the Nasdaq corporate governance standards. Under these corporate governance standards, a company of which more than 50% of the voting power for the election of directors is held by an individual, group or other company is a “controlled company” and may elect not to comply with certain corporate governance standards, including the requirements (1) that a majority of the Pubco’s board of directors consist of independent directors, (2) that the Pubco’s board of directors have a compensation committee that consists entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities, and (3) that the Pubco’s director nominations be made, or recommended to the Pubco’s full board of directors, by Pubco’s independent directors or by a nominations committee that consists entirely of independent directors and that Pubco adopts a written charter or board resolution addressing the nominations process. Accordingly, you will not have the same protections afforded to stockholders of companies that are subject to these corporate governance requirements. In the event that Pubco ceases to be a “controlled company” and its common stock continues to be listed on the Nasdaq, Pubco will be required to comply with these provisions within the applicable transition periods.

Following the Business Combination, Pubco intends to rely on the “controlled company” exemption. As a result, Pubco will not have a majority of independent directors on its board of directors. In addition, Pubco’s Compensation Committee and Nominating and Corporate Governance Committee may not consist entirely of independent directors or be subject to annual performance evaluations. Accordingly, you may not have the same protections afforded to stockholders of companies that are subject to all of the NASDAQ corporate governance requirements.

#### Committees of the Board of Directors
Pubco’s Board will have the authority to appoint committees to perform certain management and administration functions. Pubco’s board will establish an audit committee, a compensation committee, and a nominating and corporate governance committee. Pubco will be a controlled company and therefore its compensation committee and a