Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 420

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 420
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 by operating activities of $87,653 for the six months ended June 30, 2024. This was primarily due to an increase of deferred income tax credit of $98,118, also change in working capital including change in prepaid expenses and account receivables reduced cash, while increases in accounts payable and accrued liabilities and accrued interest provided a partial offset. Investing Activities Net cash used in investing activities amounted to $12,362 for the six months ended June 30, 2025 an decrease from $29,968 for the six months ended June 30, 2024. This was primarily attributable to the decrease in purchase of property, plant and equipment from $12,362 in for the six months ended June 30, 2025, compared to $29,968 for the six months ended June 30, 2024. Financing Activities Net cash used in financing activities amounted to $65,666 for the six months ended June 30, 2025, primarily attributable to proceeds from related party loan payables of $541,891, partially offset by payments of related party loan receivables of $411,344 and repayments of loan and note payables of $196,213. Net cash used in financing activities amounted to $231,896 for the six months ended June 30, 2024, primarily attributable to payments of related party loan receivables of $595,124, partially offset by proceeds from related party loan payables of $206,121 and proceeds from loan and note payables of $157,107. Capital allocation strategy We continually assess our capital allocation strategy, including decisions relating to mergers and acquisitions, share repurchases, capital expenditures, debt pay-downs, etc. Effect of Foreign Exchange Rates Information regarding the effect of foreign exchange rates, versus the U.S. Dollar, on our net sales, operating expenses, and operating income is provided to show reported period operating results had the foreign exchange rates remained the same as those in effect in the comparable prior year period. The effect on our net sales, operating expenses, and operating income from changes in our foreign exchange rates versus the U.S. Dollar is as follows:

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