Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 234

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 234
---
 OF CONTENTS

#### PROPOSAL ONE — THE NTA PROPOSAL

#### General
As discussed elsewhere in this joint proxy statement/information statement/prospectus, IWAC is asking its shareholders to approve, by special resolution, the NTA Proposal. The NTA Proposal is conditioned upon the approval of the Business Combination Proposal. Therefore, if the Business Combination Proposal is not approved, then the NTA Proposal will not be presented to IWAC’s shareholders at the Extraordinary General Meeting. If the NTA Proposal is approved at the Extraordinary General Meeting, the following articles of the Existing Organizational Documents shall be amended as follows with effect immediately prior to the effectiveness of the Domestication:

•

Article 36.5 (c) of the Existing Organizational Documents shall be deleted in its entirety.

#### Reasons for the Amendments
IWAC shareholders are being asked to approve the NTA Amendments to the Existing Organizational Documents prior to the consummation of the proposed Business Combination, which, in the judgment of the IWAC Board, may facilitate the consummation of the Business Combination. The Existing Organizational Documents limit IWAC’s ability to consummate an initial business combination if IWAC would have less than US$5,000,001 in net tangible assets. Because the IWAC Ordinary Shares and the Pubco Common Shares would not be deemed to be a “penny stock” pursuant to other applicable provisions of Rule 3a51-1 under the Exchange Act, IWAC is presenting the NTA Proposal to facilitate the consummation of the Business Combination. If the NTA Proposal is not approved and there are significant requests for redemption such that IWAC’s net tangible assets would be less than US$5,000,001 following such redemption prior to and upon consummation of the Business Combination, the Existing Organizational Documents would prevent IWAC from being able to consummate the Business Combination even if all other conditions to Closing are met. If the NTA Proposal is approved and the Existing Organizational Documents are amended with NTA Amendments, then it is possible that the Business Combination could be consummated even if IWAC’s net tangible assets would be less than US$5,000,001 following the redemption prior to and upon consummation of the Business Combination. If the Business Combination Proposal and the NTA Proposal are approved, all of the references in this joint proxy statement/information statement/prospectus to the “Existing Organizational Documents” shall be deemed to mean the Existing Organizational Documents as