Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 246

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 246
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 any modifications to such offer or information.

#### IWAC Change in Recommendation
IWAC is required to include in the Registration Statement/Proxy Statement the recommendation of the IWAC Board to IWAC’s shareholders that they approve the Required Proposals (the “IWAC Board Recommendation”), except in the case of a Change in Recommendation. The IWAC Board shall be permitted to withdraw or modify the IWAC Board Recommendation (a “Change in Recommendation”) if the IWAC Board determines that a failure to make a Change in Recommendation would be inconsistent with its fiduciary duties under applicable law.

#### Btab PCAOB Financials
Btab agreed to deliver to IWAC, within 60 days after the date of the Business Combination Agreement, its audited and unaudited financial statements, including its PCAOB audited financial statements for the fiscal year end December 31, 2024 and its auditor reviewed financial statements for the fiscal quarter ended June 30, 2025.

#### Conditions to Each Party’s Obligations
The obligations of IWAC, Merger Sub and Btab to consummate the Mergers are subject to the satisfaction or waiver of certain closing conditions, including, but not limited to, (i) the applicable waiting period under the HSR Act relating to the Business Combination having expired or been terminated, (ii) the absence of any governmental order or law restraining, prohibiting or making illegal the consummation of the Business Combination, (iii) the approval of IWAC’s shareholders of the Transaction Proposals, (iv) the approval of Btab’s shareholders of the Business Combination Agreement and the Business Combination (including the Mergers), (v) the effectiveness of the registration statement/proxy statement relating to the Business Combination under the Securities Act, (vi) Pubco having amended and restated its certificate of incorporation in substantially the form of the Proposed Charter; and (vii) IWAC having at least $5,000,001 of net tangible assets.

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The obligation of IWAC and the Merger Subs to consummate the Transactions is also subject to the satisfaction or waiver of other closing conditions, including, but not limited to, (i) the representations and warranties of Btab being true and correct to the standards applicable to such representations and warranties, (ii) each of the covenants of Btab required to be completed at or prior to the Closing having been performed or complied with in all material respects, (iii) the absence