Company: WELNF
Filing Date: 2025-10-31
Form Type: PRE 14A
Source: 0001104659-25-104954
Chunk: 74

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-10-31
Form: PRE 14A
Chunk 74
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1221 of the Code, which generally
means as property held for investment and not as a dealer or for sale to customers in the ordinary course of the shareholder’s trade
or business.

WE URGE HOLDERS OF ORDINARY SHARES CONTEMPLATING EXERCISE OF THEIR REDEMPTION RIGHTS TO CONSULT THEIR TAX ADVISOR REGARDING THE U.S. FEDERAL, STATE, LOCAL, AND FOREIGN INCOME AND OTHER TAX CONSEQUENCES THEREOF.

U.S. Federal Income Tax Considerations to U.S. Shareholders

This section is addressed
to Redeeming U.S. Holders (as defined below) of the Company’s shares that elect to have their shares redeemed for cash as described
in the section entitled “Proposal 1: The Extension Amendment Proposal.” For purposes of this discussion, a “Redeeming U.S. Holder” is a beneficial owner that so redeems its shares and is:

| · | an individual who is a United States citizen or resident of the United States as determined for United States federal income tax purposes; |

| · | a corporation (including an entity treated as a corporation for United States federal income tax purposes) created or organized in or under the laws of the United States, any state thereof or the District of Columbia; |

| · | an estate the income of which is includible in gross income for United States federal income tax purposes regardless of its source; or |

| · | a trust (A) the administration of which is subject to the primary supervision of a United States court and which has one or more United States persons (within the meaning of the Code) who have the authority to control all substantial decisions of the trust or (B) that has in effect a valid election under applicable Treasury regulations to be treated as a United States person. |

Tax Treatment of the Redemption — In General

The balance of the discussion
under this heading is subject in its entirety to the discussion below under the heading “— Passive Foreign Investment Company
Rules.” If we are considered a “passive foreign investment company” for these purposes (which we will be, unless a “start
up” exception applies), then the tax consequences of the redemption will be as outlined in that discussion, below.

A Redeeming U.S. Holder will
generally recognize capital gain or loss equal to the difference between the amount realized on the redemption and such shareholder’s
adjusted basis in the shares exchanged therefor if the Redeeming U.S. Holder’s ownership of shares is completely terminated or if
the redemption meets