Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 32

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 32
---
, holders of Class
A ordinary shares redeemed 6,108,728 shares for cash. In connection with the shareholders meeting on December 11, 2023, holders of Class
A ordinary shares redeemed 1,136,155 shares for cash. In connection with the shareholders meeting on December 11, 2024, holders of Class
A ordinary shares redeemed 3,069,636 shares for cash. Accordingly, at September 30, 2025 and December 31, 2024, there were no Class A
ordinary shares issued and outstanding, except for 1,185,481 Class A ordinary shares subject to possible redemption.

Class B Ordinary Shares —The Company is authorized to issue 20,000,000 Class B ordinary shares with a par value of $0.0001 per share. At September 30,
2025 and December 31, 2024, there were 2,875,000 Class B ordinary shares issued and outstanding.

With respect to any matter
submitted to a vote of our shareholders, including any vote in connection with a Business Combination, except as required by law, holders
of our Founder Shares and holders of our Public Shares will vote together as a single class, with each share entitling the holder to one
vote. However, prior to the consummation of the Business Combination, holders of the Class B ordinary shares will have the right
to elect all of the Company’s directors and may remove members of the board of directors for any reason.

<div align='center'>17</div>

The Class B ordinary shares
will automatically convert into Class A ordinary shares at the time of a Business Combination on a one-for-one basis, subject to
adjustment. In the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess
of the amounts offered in the IPO and related to the closing of a Business Combination, the ratio at which Class B ordinary shares
shall convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary
shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary
shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the
sum of the total number of all ordinary shares outstanding upon the completion of the IPO plus all Class A ordinary shares and equity-linked
securities issued or deemed issued