Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 462

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 462
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 have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been related to the Company’s formation, the initial public offering, and identifying a target for a business Combination. We will not generate any operating revenues until after completion of our initial business combination. We generate non-operating income in the form of dividends earned on marketable securities held in the trust account and interest earned on cash held in the trust account. Our expenses have increased substantially after the closing of our initial public offering as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three months ended June 30, 2025, we had a net loss of $24,353. Net loss is comprised primarily of formation and operating costs of $21,192, accounting and legal expenses of $63,590, insurance expense

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of $25,562, and administrative expenses due to related party of $30,000, offset by interest earned on cash held in the Trust Account of $115,991.

For the six months ended June 30, 2025, we had a net loss of $316,854. Net loss is comprised primarily of formation and operating costs of $212,929, accounting and legal expenses of $222,653, insurance expense of $50,440, and administrative expenses due to related party of $60,000, offset by interest earned on cash held in the Trust Account of $229,168.

For the three months ended June 30, 2024, we had a net loss of $78,378. Net loss is comprised primarily of formation and operating costs of $27,502, accounting and legal expenses of $498,364, listing fees of $21,250, insurance expense of $24,988, and administrative expenses due to related party of $30,000, offset by interest earned on cash held in the Trust Account of $523,726.

For the six months ended June 30, 2024, we had a net loss of $115,508. Net loss is comprised primarily of formation and operating costs of $73,970, accounting and legal expenses of $683,871, listing fees of $42,500, insurance expense of $43,850, advertising and marketing expenses of $18,369, administrative expenses of $158, and administrative expenses due to related party of $300,000,