Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 5

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 5
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 with
the Meeting (but will redeem all public shares submitted for redemption in connection with the Business Combination Meeting).

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If the M&A Amendment
Proposals are approved and implemented, the Company intends to complete the Business Combination as soon as possible and in any event
on or before the Extended Date. The Board will have the discretion to liquidate the Trust Account to redeem all public shares on a specified
date following the adoption of the M&A Amendments at any time before or after the current Termination Date, and prior to the end of
the Extension Period. Notwithstanding shareholder approval of the M&A Amendments, our Board will retain the right to abandon and not
implement the M&A Amendments at any time before the implementation thereof without any further action by our shareholders.

You are not being asked to vote on the Business Combination at the Meeting. The vote by the Company shareholders on the Business Combination will occur at the separate Business Combination Meeting of the Company shareholders and the solicitation of proxies from the Company shareholders in connection with such separate Business Combination Meeting, and the related right of the Company shareholders to redeem in connection with the Business Combination (which is a separate right to redeem in addition to the right to redeem in connection with the M&A Amendment Proposals), is the subject of a separate proxy statement/prospectus. If you want to ensure your Public Shares are redeemed in the event the M&A Amendments are approved at the Meeting, you should elect to “redeem” your Public Shares in connection with the Meeting.

On May 30, 2024, the
Company entered into a Business Combination Agreement (the “Original Business Combination Agreement”) with IWAC Georgia
Merger Sub, Inc., a Georgia corporation and a wholly owned subsidiary of the Company, and Btab Ecommerce Group, Inc., a Georgia
corporation (“Btab”).

On August 26, 2024,
the Company and Btab entered into an Amended and Restated Business Combination Agreement (the “Business Combination Agreement”)
with IWAC Holding Company Inc., a Delaware corporation, a wholly-owned subsidiary of the Company (“Pubco”), IWAC
Purchaser Merger Sub II Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Purchaser Merger Sub”), IWAC
Company Merger Sub Inc., a Georgia corporation and a wholly-owned subsidiary of Pubco (“Company Merger Sub”), and acknowledging
and agreeing solely with respect to Section 2.1(a)(ii) thereof,