Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 250

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 250
---
 supplemented such list from time to time. IWAC would make decisions on how to prioritize targets according to size, profitability, cash requirements, readiness, and willingness of the target to move quickly. This list of potential opportunities was periodically shared with, and reviewed in detail by, the IWAC Board.

During the period prior to the Sponsor Handover, IWAC and representatives of IWAC:

•

Identified and evaluated over 45 potential acquisition target companies;

•

Participated in in-person or telephonic discussions with representatives of more than 30 potential acquisition targets;

•

Signed 15 non-disclosure agreements and provided initial non-binding indications of interest to representatives of approximately seven potential acquisition targets.

IWAC reviewed the potential acquisition opportunities based on criteria, which included, among other criteria, the cash requirements at Closing, the readiness and willingness of potential target companies to become public, the markets in which potential target companies operate and their competitive positions and “track records” within such markets, the experience of the potential target companies’ management teams and the potential for revenue and earnings growth and strong free cash flow generation. IWAC focused on sectors and companies that its management believed would benefit from being a publicly traded company on a stock exchange in the United States.

On November 8, 2023, IWAC entered into a purchase agreement (the “

#### Purchase Agreement
”) with the Prior Sponsor, and Sriram Associates, LLC (“

#### Sriram
”), pursuant to which, the Prior Sponsor agreed to transfer to Sriram or its designees (i) 2,012,500 of IWAC’s Class B ordinary shares and (ii) 4,795,000 of the IWAC Private Warrants for a total purchase price of one dollar (the “

#### Transfer
”). In connection with the Transfer, new persons were to be appointed officers and directors of IWAC and IWAC agreed to take such actions necessary to effectuate such changes (the “

### Management Change
”). The Transfer, the Management Change and the other transactions contemplated by the Purchase Agreement are hereinafter referred to as the “

#### Sponsor Handover
.” In connection with the Sponsor Handover, Sriram agreed to assume (i) certain

<div align='center'>121</div>

TABLE OF CONTENTS

vendor payables then outstanding by IWAC (estimated at approximately $338,345); (ii) the costs and expenses associated with the monthly extensions of IWAC until December 13, 2023 including monthly payments of $160,000; (