Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 40

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 40
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 to the Company’s formation,
the initial public offering, identifying a target for a Business Combination and consummation of the Business Combination. We will not
generate any operating revenues until after completion of our initial business combination. We generate non-operating income in the form
of interest and earnings on cash marketable securities held in the Trust Account. Our expenses have increased substantially after the
closing of our initial public offering as a result of being a public company (for legal, financial reporting, accounting and auditing
compliance), as well as for due diligence expenses.

For the three months ended
September 30, 2025, we had a net loss of $302,631. Net loss is comprised primarily of formation and operating costs of $167,052, accounting
and legal expenses of $184,122, insurance expense of $39,778, and administrative expenses due to related party of $30,000, offset by interest
earned on cash held in the Trust Account of $118,321.

For the nine months ended September
30, 2025, we had a net loss of $619,485. Net loss is comprised primarily of formation and operating costs of $379,981, accounting and
legal expenses of $406,775, insurance expense of $90,217, and administrative expenses due to related party of $90,000, offset by interest
earned on cash held in the Trust Account of $347,489.

For the three months ended
September 30, 2024, we had a net loss of $24,472. Net loss is comprised primarily of formation and operating costs of $13,746, accounting
and legal expenses of $443,204, listing fees of $21,250, insurance expense of $50,000, and administrative expenses due to related party
of $30,000, offset by interest earned on cash held in the Trust Account of $533,728.

For the nine months ended September
30, 2024, we had a net loss of $139,980. Net loss is comprised primarily of formation and operating costs of $87,715, accounting and legal
expenses of $1,127,079, listing fees of $63,750, insurance expense of $93,850, advertising and marketing expenses of $18,369, administrative
expenses of $156, and administrative expenses due to related party of $330,000, offset by interest earned on cash held in the Trust Account
of $1,580,939.