Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 85

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 85
---
 an ordinary loss in respect of the excess, if any, of the adjusted basis of its shares over the fair market value of its
shares at the end of its taxable year (but only to the extent of the net amount of previously included income as a result of the mark-to-market
election). The Redeeming U.S. Holder’s basis in its shares will be adjusted to reflect any such income or loss amounts, and any
further gain recognized on a sale or other taxable disposition of the shares will be treated as ordinary income. Currently, a mark-to-market
election may not be made with respect to our warrants.

The mark-to-market election
is available only for stock that is regularly traded on a national securities exchange that is registered with the Securities and Exchange
Commission, including the New York Stock Exchange, or on a foreign exchange or market that the IRS determines has rules sufficient
to ensure that the market price represents a legitimate and sound fair market value. Redeeming U.S. Holders should consult their own tax
advisors regarding the availability and tax consequences of a mark-to-market election in respect to our shares under their particular
circumstances.

If we are a PFIC and, at
any time, have a foreign subsidiary that is classified as a PFIC, Redeeming U.S. Holders generally would be deemed to own a portion of
the shares of such lower-tier PFIC, and generally could incur liability for the deferred tax and interest charge described above if we
receive a distribution from, or dispose of all or part of our interest in, the lower-tier PFIC or the Redeeming U.S. Holders otherwise
were deemed to have disposed of an interest in the lower-tier PFIC. We will endeavor to cause any lower-tier PFIC to provide to a Redeeming
U.S. Holder the information that may be required to make or maintain a QEF election with respect to the lower-tier PFIC. However, there
is no assurance that we will have timely knowledge of the status of any such lower-tier PFIC. In addition, we may not hold a controlling
interest in any such lower-tier PFIC and thus there can be no assurance we will be able to cause the lower-tier PFIC to provide the required
information. Redeeming U.S. Holders are urged to consult their own tax advisors regarding the tax issues raised by lower-tier PFICs.

A Redeeming U.S. Holder that
owns (or is deemed to own) shares in a PFIC during any