Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 511

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 511
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) and accompanying materials, Pubco shall as promptly as practicable (but in any event within 10 days thereafter) either (a) deliver to the relevant holder (i) a certificate in such holder’s name (or the name of such holder’s designee as stated in the written election) for the number of shares of Pubco Class A common stock to which such holder shall be entitled upon conversion of the applicable shares as calculated pursuant to this section and, if applicable (ii) a certificate in such holder’s (or the name of such holder’s designee as stated in the written election) for the number of shares of Pubco Class V common stock (including any fractional share) represented by the certificate or certificates delivered to Pubco for conversion but otherwise not elected to be converted pursuant to the written election or (b) note the conversion of the shares on the stock ledger of Pubco. All shares of capital stock issued hereunder by Pubco shall be duly and validly issued, fully paid and nonassessable, free and clear of all taxes, liens, charges and encumbrances with respect to the issuance thereof. Each share of Class V Common Stock that is converted pursuant the Proposed Charter will be retired by the Corporation and shall not be available for reissuance.

Automatic Conversion of Class V Common Stock

Each share of Pubco Class V common stock will automatically convert into one (1) share of Pubco Class A common stock upon any sale, pledge or other transfer, whether or not for value, by the initial registered holder thereof, other than in each case any transfer to a Permitted Class V Owner. Notwithstanding anything to the contrary set forth herein, any holder of Pubco Class V common stock may pledge his, her or its shares of Pubco Class V common stock to a pledgee pursuant to a bona fide pledge of the shares as collateral security for indebtedness due to the pledgee so long as the shares are not transferred to or registered in the name of the pledgee. In the event of any pledge meeting these requirements, the pledged shares will not be converted automatically into shares of Pubco Class A common stock. If the pledged shares of Pubco Class V common stock become subject to any foreclosure, realization or other similar action by the pledgee, they will be converted automatically into shares of Pubco Class A common stock upon the occurrence of that action.

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No shares of Pubco Class V common stock