Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 176

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 176
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 14% of Pubco following the Mergers and existing Btab stockholders will own approximately 86% of Pubco following the Mergers.

If any IWAC Public Shareholders exercise their redemption rights in connection with the Business Combination, the ownership interest of the current IWAC shareholders in Pubco following the Mergers will decrease and the relative ownership interest of the Current Sponsor will increase. In addition, if the actual facts are different than the assumptions above (which they are likely to be), the percentage ownership retained by current IWAC shareholders in Pubco following the Mergers will be different, and non-redeeming shareholders may experience substantial dilution. Such dilution could, among other things, limit the ability of current IWAC shareholders to influence management of Pubco through the election of directors following the Business Combination.

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There is no guarantee that an IWAC Public Shareholder’s decision whether to redeem its Public Shares for a pro rata portion of the Trust Account will put such shareholder in a better future economic position.

We cannot assure you as to the price at which a Public Shareholder may be able to sell the shares of Pubco common stock in the future following the completion of the Business Combination. Certain events following the consummation of any business combination, including the Business Combination, may cause an increase in the Pubco stock price, and may result in a lower value realized now than an IWAC shareholder might realize in the future had the shareholder not elected to redeem such shareholder’s Public Shares. Similarly, if an IWAC Public Shareholder does not redeem his, her, or its shares, such shareholder will bear the risk of ownership of Pubco common stock after the consummation of the Business Combination, and there can be no assurance that a shareholder can sell his, her, or its shares of Pubco common stock in the future for a greater amount than the redemption price set forth in this joint proxy statement/information statement/prospectus. An IWAC Public Shareholder should consult his, her, or its own tax or financial advisor for assistance on how this may affect its individual situation.

Furthermore, all outstanding IWAC Public Warrants will be converted into Pubco warrants in connection with the Domestication and Business Combination and will continue to be outstanding notwithstanding the actual redemptions. Pubco warrants with an aggregate value of approximately $574,425 based on the per warrant value of the IWAC Public Warrants the $0.0999 quoted price