Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 102

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 102
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 face difficulties in protecting your interests, and your ability to protect your rights through the U.S. Federal courts may be limited.

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The Sponsors paid nominal consideration for the founder shares they hold. As a result, the Current Sponsor may make a substantial profit if the Business Combination is consummated, even if the shares held by IWAC’s Public Shareholders lose substantial value. For this reason, the Current Sponsor

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may have a strong economic incentive to approve and complete the Business Combination, even if the Business Combination arguably may not be in the best interests of IWAC’s Public Shareholders.

#### Risks Related to Pubco’s Dual Class Structure
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The dual class structure of Pubco will have the effect of concentrating voting power with Pubco’s chief executive officer, which will limit an investor’s ability to influence the outcome of important transactions, including a change in control.

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Pubco will be a “controlled company” within the meaning of Nasdaq listing standards and, as a result, will qualify for, and intends to rely on, exemptions from certain corporate governance requirements. You will not have the same protections afforded to shareholders of companies that are subject to such requirements.

#### Risks Related to Tax
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There is a risk that a U.S. Holder may recognize taxable gain with respect to its ordinary shares at the effective time of the Domestication.

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We may be subject to the Excise Tax included in the Inflation Reduction Act of 2022 in the event of a liquidation or in connection with redemptions of our common stock after December 31, 2022.

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SUMMARY HISTORICAL FINANCIAL INFORMATION OF BTAB Btab is providing the following selected historical financial information to assist you in your analysis of the financial aspects of the Business Combination. Btab’s balance sheet data as of June 30, 2025 and December 31, 2024, and statement of operations data for the six months ended June 30, 2025 and 2024, are derived from Btab’s unaudited and audited financial statements, respectively, included elsewhere in this joint proxy statement/information statement/ prospectus. The historical results presented below are not necessarily indicative of the results to be expected for any future period. You should read the following selected financial information in conjunction with each of Btab’s and IWAC’s consolidated financial statements and related notes and the