Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 46

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 46
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 Public Shareholders. If an IWAC Public Shareholder exercises its redemption rights, such exercise will not result in the loss of any Warrants that it may hold. The 5,750,000 retained outstanding IWAC Public Warrants would have had an aggregate value of approximately $574,425 based on the $0.0999 quoted price of the IWAC Public Warrants on the OTC on November 3, 2025). If a substantial number of, but not all, Public Shareholders exercise their redemption rights, any non-redeeming shareholders would experience dilution to the extent such Warrants are exercised and additional Pubco Class A Common Shares are issued. Unless the NTA Proposal is approved, IWAC will not redeem its Public Shares in an amount that would cause its net tangible assets to be less than $5,000,001, as provided in the Existing Organizational Documents and the Interim Charter. The below table shows the anticipated share ownership of various holders of Pubco Class A common stock upon closing of the Business Combination in the no redemption, 50% redemption, 75% redemption, and maximum redemption scenarios and is based on the following assumptions: (i) there are no other issuances of equity interests of IWAC or Btab, (ii) neither the Sponsor nor any of Btab’s current shareholders purchase Public Shares in the open market, and (iii) no IWAC warrants are exercised.

| ​                                                                                   | ​ | ​ | Assuming NoRedemptions Into Cash |   |            |   |   |   |                 |   |        |   | ​ | ​ | Assuming 50%Redemptions Into Cash |   |            |   |   |   |                 |   |        |   | ​ | ​ | Assuming 75%Redemptions Into Cash |   |            |   |   |   |                 |   |        |   | ​ | ​ | Assuming MaximumRedemptions Into Cash |   |            |   |   |   |                 |   |        |   | ​ |
| ​                                                                                   | ​ | ​ | Numberof SharesOwned             |   |            |   | ​ | ​ | % ofSharesOwned |   |        |   | ​ | ​ | Numberof SharesOwned              |   |            |   | ​ | ​ | % ofSharesOwned |   |        |   | ​ | ​ | Numberof SharesOwned              |   |            |   | ​ | ​ | % ofSharesOwned