Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 84

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 84
---
 our PFIC status will be made annually, a determination that we are a PFIC for any particular year will generally apply for subsequent
years to a Redeeming U.S. Holder who held shares or warrants while we were a PFIC, whether or not we meet the test for PFIC status in
those subsequent years. A Redeeming U.S. Holder who makes the QEF election discussed above for our first taxable year as a PFIC in which
the Redeeming U.S. Holder holds (or is deemed to hold) our shares and receives the requisite PFIC annual information statement, however,
will not be subject to the PFIC tax and interest charge rules discussed above in respect to such shares. In addition, such Redeeming
U.S. Holder will not be subject to the QEF inclusion regime with respect to such shares for any taxable year of us that ends within or
with a taxable year of the Redeeming U.S. Holder and in which we are not a PFIC. On the other hand, if the QEF election is not effective
for each of our taxable years in which we are a PFIC and the Redeeming U.S. Holder holds (or is deemed to hold) our shares, the PFIC rules discussed
above will continue to apply to such shares unless the holder makes a purging election, as described above, and pays the tax and interest
charge with respect to the gain inherent in such shares attributable to the pre-QEF election period.

<div align='center'>52</div>

Alternatively, if a Redeeming
U.S. Holder, at the close of its taxable year, owns shares in a PFIC that are treated as marketable stock, the Redeeming U.S. Holder may
make a mark-to-market election with respect to such shares for such taxable year. If the Redeeming U.S. Holder makes a valid mark-to-market
election for the first taxable year of the Redeeming U.S. Holder in which the Redeeming U.S. Holder holds (or is deemed to hold) shares
and for which we are determined to be a PFIC, such holder generally will not be subject to the PFIC rules described above in respect
to its shares. Instead, in general, the Redeeming U.S. Holder will include as ordinary income each year the excess, if any, of the fair
market value of its shares at the end of its taxable year over the adjusted basis in its shares. The Redeeming U.S. Holder also will be
allowed to take