Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 55

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 55
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 worthless because the Sponsor, the Company’s directors and officers are not entitled to participate in any Redemption or distribution with respect to such shares. Such shares had an aggregate market value of approximately $25.25 million based upon the closing price of the Company’s Ordinary Shares of $12.55 per share on the OTC Markets on November 3, 2025, despite having been purchased for an aggregate of $25,000. As a result, the Sponsor and the Company’s directors and officers are likely to be able to recoup their investment in the Company and make a substantial profit on that investment, even if public shares have lost significant value. This means that the Sponsor and the Company’s directors and officers could earn a positive rate of return on their investment, even if the public shareholders experience a negative rate of return in the post-business combination company. Accordingly, the Company’s management team, which owns an interest in the Sponsor, may have an economic incentive that differs from that of the public shareholders to pursue and consummate an initial business combination rather than to liquidate and to return all of the cash in the Trust Account to the public shareholders, even if that business combination were with a less favorable target company or on terms less favorable to shareholders rather than liquidate. |

| · | The Sponsor owns an aggregate of 4,795,000 Private Placement Warrants with an aggregate market value of $479,021 based upon the closing price of the Company’s Warrants of $0.0999 per warrant on the OTC Markets on November 3, 2025. If the Company is unable to complete a business combination by December 15, 2025, the Private Placement Warrants will expire worthless and the Sponsor will be unable to recoup its investment in the Company. Accordingly, the Company’s management team, which owns an interest in the Sponsor, may have an economic incentive that differs from that of the public shareholders to pursue and consummate an initial business combination rather than to liquidate and to return all of the cash in the Trust Account to the public shareholders, even if that business combination were with a less favorable target company or on terms less favorable to shareholders rather than liquidate. |

| · | the fact that the Sponsor and its affiliates has made outstanding loans to the Company in the aggregate amount of approximately  $4.96 million, which amount the Company will be unable to repay to the Sponsor to the extent that the amount of such loans exceeds the amount of available proceeds not deposited in the Trust Account if a business combination is