Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 21

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 21
---
 the Company will need to obtain the Extension. Without the Extension, the Board believes that there is significant
risk that the Company might not, despite its best efforts, be able to complete the Business Combination on or before the Termination Date.
If that were to occur, the Company would be precluded from completing the Btab Business Combination or another Business Combination and
would be forced to liquidate even if the Company’s shareholders are otherwise in favor of consummating such transaction.

Therefore, the Board has
determined that it is in the best interests of the Company’s shareholders to extend the date by which the Company has to consummate
the Business Combination to the Extended Date in order that the Company’s shareholders have the opportunity to participate in its
future investment, as well as to enable the Board to liquidate the Trust Account to redeem all public shares on a specified date following
the adoption of the amended M&A and prior to the end of the Extension Period (including a date prior to December 15, 2025).

If the shareholders of the
Company approve the Business Combination at the Business Combination Meeting and the other conditions to the Business Combination
are then satisfied or will be satisfied or waived on or before the Termination Date, then the Company intends to use its best efforts
to complete the Business Combination on or before the Termination Date. The Company will cancel the Meeting and will not implement the
Extension if, on or before December 15, 2025, it is able to complete the Business Combination. The Company intends to hold the Meeting
to approve all above mentioned proposals, including the Extension Amendment Proposal, and file the proposed amendment to its M&A only
if it has determined as of the time of the Meeting that it may not be able to complete the Business Combination on or before the Termination
Date. If the Company does not implement the Extension, it will not redeem any public shares submitted for redemption solely in connection
with the Meeting (but will redeem all public shares submitted for redemption in connection with the Business Combination Meeting).

If the M&A Amendment
Proposals are approved and implemented, the Company intends to complete the Btab Business Combination or another Business Combination
as soon as possible and in any event on or before the Extended Date. The Board will have the flexibility to liquidate the Trust Account
to redeem all public shares on a specified date following the adoption of the M&A Amendments at any time before or after the current
Termination Date, and prior to the end of the Extension Period. Not