Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 10

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 10
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5,000,001 or any greater net tangible asset or cash requirement which may be contained in an agreement relating to a business combination (the “Redemption Limitation”) in order to allow us to redeem public shares irrespective of whether such redemption would exceed the Redemption Limitation  (the “Redemption Limitation Amendment Proposal,” and together with the Extension Amendment Proposal and the Liquidation Amendment Proposal, the “M&A Amendment Proposals”). The text of the special resolution is as follows: “RESOLVED, as a special resolution, that subject to the approval of the Extension Amendment Proposal and the Liquidation Amendment Proposal, with effect from the date that the directors of the Company determine in their sole discretion, the elimination of the limitation that the Company may not redeem its public shares to the extent that such redemption would result in the Company having net tangible assets of less than $5,000,001 or any greater net tangible asset or cash requirement which may be contained in an agreement relating to a business combination and each amendment to the amended and restated memorandum and articles of association of the Company as amended and currently in effect set forth in Annex A to the proxy statement, be and is hereby adopted.”; and |

| (v) | Proposal 5 —  A proposal to approve by ordinary resolution the adjournment of the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Extension Amendment Proposal (the “Adjournment Proposal”). |

Approval of the Extension
Amendment Proposal, the Liquidation Amendment Proposal and the Redemption Limitation Amendment Proposal (together, the “M&A Amendment Proposals”) are each conditioned on one another. This means that unless these three proposals are approved by the
shareholders, none of these three proposals will take effect.

The purpose of the M&A
Amendment Proposals and, if necessary, the Adjournment Proposal, is to allow the Company additional time to complete its initial business
combination (the “Business Combination”). The M&A currently provides that the Company has until December 15,
2025 to complete its Business Combination. The Company currently believes that there may not be sufficient time before December 15, 2025
to complete the Business Combination. The purpose of the M&A Amendment Proposals and, if necessary, the Adjournment Proposal, are
to allow the Company more time to complete the Business Combination. Accordingly, the Company