Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 401

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 401
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% and 22%, respectively. For the six months ended June 30, 2025, and 2024, our gross margin was 23% and 18%, respectively. Key Factors Affecting our Results of Operations Key Factors Affecting the Business Our results of operations and financial condition are affected by our ability to continue as a going concern, in addition to the general factors affecting the retail industry in the markets in which we operate, including the level of overall economic growth, increase in per capita disposable income and growth in consumer spending in those markets. In addition, they are also affected by factors driving online retail in the markets in which we operate, such as the growing popularity of online shopping, improvements in logistics infrastructure and the increasing adoption of online payment methods. Currency exchange rate fluctuations may impact our revenues and expenses and hence, our operating results. Global events have created extreme volatility in the global capital markets and is expected to have further global economic consequences, including disruptions to the global supply chain and energy markets, which may adversely affect us or the third parties on whom we rely to conduct our business and may also have a negative effect on consumer spend. Unfavorable changes in any of these general factors could materially and adversely affect our results of operations.

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While our business is influenced by general factors affecting our industry, our results of operations are more directly affected by certain company specific factors, including:

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Maintain our existing reseller base and attract new resellers

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Our ability to further enhance buyer and merchant engagement on our platforms

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Satisfy customer requirements and maintain high-quality product offerings

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Our ability to provide valuable online platform services and broaden service offerings

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Increase awareness of our brand and successfully compete with other companies

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Price our products effectively so that we are able to attract and retain customers

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Our ability to manage our costs and expenses by leveraging our scale of business

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Expand our supplier and fulfillment capacities

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Successfully realize all the benefits from our third-party partnerships and collaborations

Certain factors could prevent acquisition opportunities from materializing, including target-company availability, relative valuation expectations, and certain due diligence considerations, among other factors.

#### Factors Affecting Growth Through Acquisitions
Btab’s business strategy involves growth through, among other things, the acquisition of other companies, predominately underperforming businesses with high e-commerce potential. Btab evaluates companies that it believes will strategically fit into its business and growth objectives, including those that will support its overall strategy of portfolio diversification, geographic expansion