Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 690

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 690
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 the Year Ended December 31, 
 2024                            |   |         |   | ​ | ​ | 2023 |   |         |   | ​ 
 ​ |
|:-----------------------------------------------------|:--|:--|:--------------------------------|:--|:--------|:--|:--|:--|:-----|:--|:--------|:--|:--|
| Statutory tax rate                                   | ​ | ​ | ​                               | ​ | 21.00%  | ​ | ​ | ​ | ​    | ​ | 21.00%  | ​ | ​ |
| Increase (reduction) in income taxes resulting from: | ​ | ​ | ​                               | ​ | ​       | ​ | ​ | ​ | ​    | ​ | ​       | ​ | ​ |
| Difference in tax rates                              | ​ | ​ | ​                               | ​ | 2.18%   | ​ | ​ | ​ | ​    | ​ | 5.54%   | ​ | ​ |
| State income taxes                                   | ​ | ​ | ​                               | ​ | (1.05)% | ​ | ​ | ​ | ​    | ​ | (0.78)% | ​ | ​ |
| Change in valuation allowance                        | ​ | ​ | ​                               | ​ | (3.79)% | ​ | ​ | ​ | ​    | ​ | (2.82)% | ​ | ​ |
| Permanent differences / discrete items               | ​ | ​ | ​                               | ​ | 0.00%   | ​ | ​ | ​ | ​    | ​ | (2.45)% | ​ | ​ |
| Effective tax rate                                   | ​ | ​ | ​                               | ​ | 18.34%  | ​ | ​ | ​ | ​    | $ | 20.49%  | ​ | ​ |

The annual offset of the Company’s carryforward tax losses against any future taxable profits may be limited under the provisions of Internal Revenue Code Section 382 upon any change(s) in control of the Company. The Company has not taken a tax position that, if challenged, would have a material effect on the consolidated financial statements for the years ended December 31, 2024, and 2023 as defined under ASC 740, “ Income Taxes.” The Company did not accrue liability for uncertain tax positions. The Company’s tax returns are subject to examination by tax authorities beginning with the year ending December 31,