Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 25

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 25
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’s Class A ordinary shares features certain redemption
rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly,
at September 30, 2025 and December 31, 2024, Class A ordinary shares subject to possible redemption are presented at redemption value
as temporary equity, outside of the shareholders’ deficit section of the Company’s condensed consolidated balance sheets.

The Company recognizes changes
in redemption value at the end of each reporting period and adjusts the carrying value of redeemable ordinary shares to equal the redemption
value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional capital,
in accumulated deficit.

​

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As of September 30, 2025, the
Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:

​

| ​                                                                                  | ​ | ​ |           ​ |
|:-----------------------------------------------------------------------------------|:--|:--|------------:|
| Gross proceeds from Initial Public Offering                                        |   | $ | 115,000,000 |
| Less:                                                                              | ​ |   |           ​ |
| Proceeds allocated to Public Warrants                                              | ​ |   |  -5,102,550 |
| Offering costs allocated to Class A ordinary shares subject to possible redemption | ​ |   |  -6,519,382 |
| Add:                                                                               | ​ |   |           ​ |
| Re-measurement of Class A ordinary shares subject to possible redemption           | ​ |   |  13,922,293 |
| Class A ordinary shares subject to possible redemption, December 31, 2021          | ​ |   | 117,300,361 |
| Re-measurement of Class A ordinary shares subject to possible redemption           | ​ |   |   1,691,913 |
| Class A ordinary shares subject to possible redemption, December 31, 2022          | ​ | ​ | 118,992,274 |
| Redemption of Class A ordinary shares subject to possible redemption               | ​ | ​ | -77,625,038 |
| Re-measurement of Class A ordinary shares subject to possible redemption           | ​ | ​ |   6,099,375 |
| Class A ordinary shares subject to possible redemption, December 31, 2023          | ​ | ​ |  47,466,611 |
| Re-measurement of Class A ordinary shares