Company: WELNF
Filing Date: 2025-10-31
Form Type: PRE 14A
Source: 0001104659-25-104954
Chunk: 23

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-10-31
Form: PRE 14A
Chunk 23
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 funds to satisfy its indemnity obligations and believes that the Sponsor’s
only assets are securities of the Company and, therefore, the Sponsor may not be able to satisfy those obligations. None of the Company’s
officers or directors will indemnify the Company for claims by third parties, including, without limitation, claims by vendors and prospective
target businesses.

The
Company’s M&A provides that that we may not redeem Public Shares to the extent that such redemption would result in us having
net tangible assets of less than $5,000,001 or any greater net tangible asset or cash requirement which may be contained in an agreement
relating to a business combination. Without the Redemption Limitation Amendment, the Board may not be able to proceed with the Extension
or complete the Btab Business Combination or another Business Combination if, following the Extension redemptions or redemptions in or
upon the consummation of the Btab Business Combination, we have net tangible assets of less than $5,000,000, even if our shareholders
approve the Extension and the Btab Business Combination, or if all contractual conditions to closing the Btab Business Combination are
met.

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Our Board recommends that
you vote in favor of the Extension Amendment Proposal, the Liquidation Amendment Proposal, the Redemption Limitation Amendment Proposal,
and the Auditor Ratification Proposal, but expresses no opinion as to whether you should redeem your public shares. Public shareholders
may elect to redeem their Public Shares regardless of whether or how they vote on the proposals at the Meeting; however, redemption payments
for Elections in connection with this Meeting will only be made if the M&A Amendment Proposals receive the requisite shareholder approvals.

Why should I vote “FOR” the Auditor Ratification Proposal?

BDO has served as the Company’s
independent registered public accounting firm since 2021. Our Audit Committee and Board believe that stability and continuity in the Company’s
auditor is important as we continue to search for and complete a Business Combination. Our Board recommends that you vote in favor of
the Auditor Ratification Proposal.

Why should I vote “FOR” the Adjournment Proposal?

If the Adjournment Proposal
is not approved by the Company’s shareholders, the Board may not be able to adjourn the Meeting to a later date or dates in the
event that there are insufficient votes for, or otherwise in connection with, the approval of the other proposals.

How do the Company insiders intend to vote their shares?

The Sponsor and