Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 24

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 24
---
If the M&A Amendments
are approved and implemented, the Board will have the flexibility to liquidate the Trust Account to redeem all public shares on a specified
date following the adoption of the M&A Amendments at any time before or after December 15, 2025, and prior to the end of the
Extension Period.

If
the Company liquidates, the Sponsor has agreed that it will be liable to us if and to the extent any claims by a third-party for services
rendered or products sold to us (other than our independent registered public accounting firm), or a prospective target business with
which we have discussed entering into a transaction agreement, reduce the amounts in the Trust Account to below the lesser of (i) $10.20
per public share and (ii) the actual amount per public share held in the Trust Account as of the date of the liquidation of the Trust
Account if less than $10.20 per public share due to reductions in the value of the trust assets, in each case net of the interest that
may be withdrawn to pay our tax obligations, providedthat such liability will not apply to any claims by a third-party or prospective
target business that executed a waiver of any and all rights to seek access to the Trust Account nor will it apply to any claims under
our indemnity of the representative of the underwriters in our IPO against certain liabilities, including liabilities under the Securities
Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable
against a third-party, our sponsor will not be responsible to the extent of any liability for such third-party claims. The Company has
not independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and believes that the Sponsor’s
only assets are securities of the Company and, therefore, the Sponsor may not be able to satisfy those obligations. None of the Company’s
officers or directors will indemnify the Company for claims by third parties, including, without limitation, claims by vendors and prospective
target businesses.

The
Company’s M&A provides that that we may not redeem Public Shares to the extent that such redemption would result in us having
net tangible assets of less than $5,000,001 or any greater net tangible asset or cash requirement which may be contained in an agreement
relating to a business combination. Without the Redemption Limitation Amendment, the Board may not be able to proceed with the Extension
or complete the B