Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 299

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 299
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’s due diligence and consideration of the potential business combination with Btab, Btab’s management provided IWAC with certain financial forecasts, including income and balance sheet projections (the “ financial projections ”). The financial projections should not be viewed as public guidance. The financial projections were not prepared with a view toward public disclosure, or complying with the published guidelines of the SEC regarding projections or the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of prospective financial information, but, in the view of Btab’s management, were prepared on a reasonable basis, reflecting the best currently available estimates and judgments, and present, to the best knowledge and belief of Btab’s management, the expected course of action and revenues that Btab anticipates generating, assuming the assumptions incorporated in the financial projections are themselves realized. Btab’s management believes the assumptions included in the financial projections to be reasonable, based on currently available information and professional judgement and experience, which are inherently uncertain and difficult to predict and many of which are beyond Btab’s control. Btab’s management determined five years to be a reasonable period to forecast estimated revenues because Btab’s management believes that five years would be a reasonable period of time for Btab’s product and service offerings to be well-developed and integrated into the market and for Btab to have established brand recognition among customers, vendor and suppliers. The financial projections should not be viewed as public guidance and you are cautioned not to place undue reliance on the financial projections. Btab’s management determined that a five-year period is a reasonable timeframe to forecast estimated revenues, as this period allows for the full development, scaling, and integration of its product and service offerings into the market. Over this period, Btab anticipates expanding its existing product supply business, monetizing its e-commerce platforms and technology services, and increasing reseller adoption across multiple regions. The financial projections reflect the transition from a freemium model to revenue generation through subscriptions, transaction fees, and value-added services. By the end of the five-year period, Btab expects its product supply business to be well-developed, with increased production capacity in its Australia-Owned Manufactured Furniture Segment and expanded distribution channels for wholesale and commercial clients. The Third-Party Produced Furniture and Home Goods Segment is expected to benefit from a broader supplier network, improved inventory management, and a growing reseller base. In the Hong Kong Food Products Imports and Exports Segment, Btab plans to optimize logistics for cross-border trade, expand wholesale partnerships, and increase demand from international customers. In