Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 211

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 211
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 but are not required to enter into financing agreements in connection with the Business Combination (any such agreements, the “

#### Financing Agreements
” and the financing contemplated by such Financing Agreements, the “

#### Transaction Financing
”), and the parties are currently pursuing subscriptions of up to $20 million for the Transaction Financing. The proposed Transaction Financing has been included in the No Redemptions and Maximum Redemption scenarios because management considers the Transaction Financing as probable, as the parties anticipate entering into subscription agreements for the proposed Transaction Financing prior to mailing the proxy statement/information statement/prospectus in an amount sufficient to meet its obligations related to the Business Combination at such level of redemptions. There is no assurance that the parties will enter into subscriptions for the Transaction Financing on these terms or at all and we will update this proxy statement/ information statement/prospectus with additional information following the entry into any subscription agreements for the Transaction Financing.

Without giving effect to the receipt of at least $20 million in gross proceeds from the Transaction Financing, the parties will not have sufficient funds to fulfill their obligations related to the Business Combination under the Maximum Redemption scenario. As such, management believes the completion of the Transaction Financing will be necessary to consummate the Business Combination. In addition, in accordance with the terms of the Business Combination Agreement, the aggregate proceeds from, and the consummation of, the proposed Transaction Financing are not anticipated to be contingent upon the amount of actual redemptions. In the event that additional funding under a Transaction Financing is not obtained, the consummation of the Business Combination would no longer be probable, as the parties would not have sufficient funds to fulfill their obligations related to the Business Combination. As such, a scenario where a Transaction Financing does not occur on or prior to the Closing has been omitted from the pro forma presentation.

The foregoing scenarios are for illustrative purposes as IWAC does not have, as of the date of this joint proxy statement/information statement/prospectus, a meaningful way of providing any certainty regarding the number of redemptions by IWAC Public Shareholders that may occur.

Included in the shares outstanding and weighted-average shares outstanding (for the calculation of pro forma basic and diluted loss per share) as presented in the unaudited pro forma condensed combined financial information are the shares of Pubco Class A Shares and Pubco Class V Shares to be issued to legacy Btab shareholders under the No Redemption Scenario and the Maximum Redemption Scenario on the Closing Date of the Business Combination and the IWAC shares that will remain outstanding and that will