Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 314

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 314
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 with corresponding historical, current, and prospective financial information, ratios and public market multiples for publicly traded companies in the online automated commerce platforms that shared certain similar business and operating characteristics to Btab.

These companies were chosen based on The Mentor Group’s knowledge of the industry. Although none of such companies are identical or directly comparable to Btab, these companies are publicly traded companies with operations and/or other criteria, such as lines of business, markets, business risks, growth prospects, maturity of business and size and scale of business, that for purposes of its analysis The Mentor Group considered similar to Btab. The Mentor Group identified and analyzed a set of publicly traded companies that were deemed comparable to Btab based on similar lines of business, operating characteristics, and market participation. These comparable companies were selected using industry data, financial metrics, and publicly available sources, including Yahoo! Finance and Capital IQ. The selection process considered the following criteria:

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Lines of Business: Companies primarily engaged in e-commerce, online retail platforms, or marketplace business models.

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Markets: Operations serving both domestic and international customer bases through digital or web-based platforms.

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### Growth Prospects and Business Maturity:
Companies with emerging or growth-stage profiles, similar to Btab, with high revenue growth potential or recent expansion in offerings or markets.

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Size and Scale: Comparable in terms of revenue scale, enterprise value, and employee base where available.

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### Business Risks:
Exposure to platform development, online customer acquisition, digital marketing spend, and competition from global online retailers.

The historical, current, and prospective financial metrics and market multiples for these companies are presented in the following schedules:

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Schedule 5 (GPC TEV Multiples): Presents guideline public company enterprise value (EV) to revenue and EBITDA multiples over multiple time horizons (TTM, Forward 1-Year), along with each company's total enterprise value, revenue base, and margin profile.

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Schedule 6 (GPC FSA): Provides financial statement analysis, including income statement components such as gross profit, EBITDA, operating income, and net income, along with margin calculations.**

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Schedule 7 (GPC Growth): Summarizes key growth rates (historical and projected) in revenue and profitability for the guideline companies.

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Schedule 8 (Consensus Multiples): Details public market expectations (analyst consensus) regarding forward revenue and earnings multiples, as well as growth forecasts.

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Schedule 9 (GPC TE