Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 236

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 236
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 a change of IWAC’s jurisdiction of registration and incorporation from the Cayman Islands to the State of Delaware. Accordingly, while IWAC is currently governed by the Cayman Islands Companies Act, upon Domestication, IWAC will be governed by the DGCL. We urge shareholders to carefully consult the information set out below under “ Comparison of Shareholder Rights Under Applicable Organizational Documents .” Additionally, we note that if the Domestication Proposal is approved, then IWAC will also ask its shareholders to approve the Organizational Documents Proposal (discussed below), which, if approved, will replace the Interim Charter with a new certificate of incorporation and bylaws of Pubco under the DGCL (the “Proposed Organizational Documents”). The Proposed Organizational Documents differ in certain material respects from the Existing Organizational Documents, and we urge shareholders to carefully consult the information set out below under “ Proposal Four — The Charter Proposal ,” the Existing Organizational Documents of IWAC and the Proposed Charter and Proposed Bylaws, attached hereto as Annex D and Annex E , respectively.

#### Reasons for the Domestication
**The IWAC Board believes that there are significant advantages to IWAC that will arise as a result of a change of domicile to Delaware. Further, the IWAC Board believes that any direct benefit that Delaware law provides to a corporation also indirectly benefits the shareholders, who are the owners of the corporation. The IWAC Board believes that there are several reasons why a reincorporation in Delaware is in the best interests of IWAC and its shareholders, including:

Prominence, Predictability, and Flexibility of Delaware Law. For many years Delaware has followed a policy of encouraging incorporation in its state and, in furtherance of that policy, has been a leader in adopting, construing, and implementing comprehensive, flexible corporate laws responsive to the legal and business needs of corporations organized under its laws. Many corporations have chosen Delaware initially as a state of incorporation or have subsequently changed corporate domicile to Delaware. Because of Delaware’s prominence as the state of incorporation for many major corporations, both the legislature and courts in Delaware have demonstrated the ability and a willingness to act quickly and effectively to meet changing business needs. The DGCL is frequently revised and updated to accommodate changing legal and business needs and is more comprehensive, widely used and interpreted than other state corporate laws. This favorable corporate and regulatory environment is attractive to businesses such as ours.

Well-Established Principles of Corporate Governance. There is substantial judicial precedent in the Delaware courts as to the legal principles applicable to measures