Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 136

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 136
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 the outstanding capital stock of Pubco, the Prior Sponsor will retain an ownership interest of approximately 16.7% of the outstanding capital stock of Pubco, the Current Sponsor will retain an ownership interest of approximately 2.6% of the outstanding capital stock of Pubco and the Btab securityholders will own approximately 79.4% of the outstanding capital stock of Pubco. The foregoing ownership percentages with respect to Pubco following the Business Combination exclude any outstanding warrants and assume that there are no redemptions of any shares by IWAC’s public shareholders in connection with the Business Combination. All shares currently held by IWAC public shareholders will be freely tradable without registration under the Securities Act, and without restriction by persons other than Pubco’s “affiliates” (as defined under Rule 144 under the Securities Act, (“

#### Rule 144
”)), including Pubco’s directors, executive officers and other affiliates.

In connection with the Mergers, certain existing Btab securityholders, who are expected to own approximately 41.3% of Pubco’s capital stock following the Business Combination (based on the above assumptions and Btab’s current stockholdings), have agreed with IWAC, subject to certain exceptions, not to dispose of or hedge any of their Pubco common stock or securities convertible into or exchangeable for Pubco common stock during the period from the date of the Closing continuing through the earliest of:

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(i) the six-month anniversary of the Closing, and (ii) the date after the Closing on which Pubco consummates a liquidation, merger, capital stock exchange, reorganization or other similar transaction with an unaffiliated third party that results in all of the Pubco stockholders having the right to exchange their Pubco common stock for cash, securities or other property. See “ Proposal 3 — The Business Combination Proposal — Related Agreements — Lock-up Agreement.”

In addition, the Pubco Class A Shares reserved for future issuance under the Pubco Incentive Plan will become eligible for sale in the public market once those shares are issued, subject to any applicable vesting requirements, lockup agreements and other restrictions imposed by law. A total number of shares representing 20% of the fully diluted, and as converted, outstanding Pubco Common Shares immediately following consummation of the Mergers are expected to be reserved for future issuance under the Pubco Incentive Plan. Pubco is expected to file one or