Company: WELNF
Filing Date: 2025-10-31
Form Type: PRE 14A
Source: 0001104659-25-104954
Chunk: 54

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-10-31
Form: PRE 14A
Chunk 54
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 a material interest in the Sponsor, which represent indirect interests in the following securities: |

| Name of Person |     | Class B         
 ordinary shares |           |     | Private   
 Placement 
 Warrants  |           |
| Jiang Hui Bao  |     |                 | 2,000,000 |     |           | 4,795,000 |

The foregoing interests present
a risk that the Sponsor and IWAC’s officers and directors may be incentivized to complete a business combination with a less favorable
target company or on terms less favorable to the public shareholders rather than to liquidate, in which case the Sponsor would lose its
entire investment. As a result, the Sponsor and IWAC’s officers and directors may have a conflict of interest in determining whether
Btab is an appropriate business with which to effectuate a business combination and/or in evaluating the terms of the Business Combination.

Redemption Rights

Pursuant to our M&A,
our public shareholders will be provided with the opportunity to redeem their public shares upon the approval of the M&A Amendments,
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account (including accrued interest
and less taxes paid or payable) divided by the number of then issued and outstanding Public Shares. If your redemption request is properly
made and the M&A Amendments are approved, these shares will cease to be issued and outstanding and will represent only the right to
receive such amount. For illustrative purposes, based on funds in the Trust Account of approximately $[ ] million on [ ], 2025, the estimated
per share redemption price would have been approximately $[ ] (including accrued interest and less taxes paid or payable). Public shareholders
may elect to redeem their public shares regardless of whether or how they vote on the proposals at the Meeting, but redemption payments
for Elections in connection with this Meeting will only be made if the Extension Amendment Proposal and the Liquidation Amendment Proposal
receive the requisite shareholder approvals.

In order to exercise your redemption
rights, you must:

| · | submit a request in writing prior to 5:00 p.m., Eastern Time on December 10, 2025 (two (2) business days before the Meeting) that we redeem your public shares for cash to Continental, our transfer agent, at the following address: |

<div align='center'>Continental Stock Transfer & Trust Company

One State Street Plaza, 30th Floor

New York, NY 10004

Attn