Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 147

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 147
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 of the Domestication, see the section entitled “U.S. Federal Income Tax Considerations.” Each U.S. Holder of Class A ordinary shares or warrants is urged to consult its own tax advisor concerning the application of the PFIC rules to the exchange of Class A ordinary shares for Pubco Class A Common Stock and IWAC Public Warrants for Pubco warrants pursuant to the Domestication.

Additionally, the Domestication may cause Non-U.S. Holders (as defined in “ U.S. Federal Income Tax Considerations ” below) to become subject to U.S. federal income withholding taxes on any dividends in respect of such Non-U.S. Holder’s Pubco Class A Common Stock subsequent to the Domestication.

The tax consequences of the Domestication are complex and will depend on a holder’s particular circumstances. All holders are strongly urged to consult their tax advisor for a full description and understanding of the tax consequences of the Domestication, including the applicability and effect of U.S. federal, state, local and foreign income and other tax laws. For a more complete discussion of the U.S. federal income tax considerations of the Domestication, see the section entitled “ U.S. Federal Income Tax Considerations. ”

Upon consummation of the Domestication, the rights of holders of IWAC Common Stock arising under the DGCL and the Interim Charter will differ from and may be less favorable to the rights of holders of Class A ordinary shares arising under Cayman Islands law and the Existing Governing Documents.

Following consummation of the Domestication, the rights of holders of IWAC Common Stock will be as provided in the Interim Charter and the DGCL. Those new organizational documents and the DGCL contain provisions that differ in some respects from those in the Existing Governing Documents and Cayman Islands law and, therefore, some rights of holders of IWAC Common Stock could differ from the rights that holders of Class A ordinary shares currently have. For instance, while class actions are generally not available to shareholders under Cayman Islands law, such actions are generally available under the DGCL. This change could increase the likelihood that IWAC becomes involved in costly litigation, which could have a material adverse effect on IWAC.

In addition, it is intended that the Business Combination be consummated shortly after the Domestication. Upon the consummation of the Business Combination, holders of IWAC Common Stock will receive Pubco Class A Common Stock, the rights of which will be governed by the Proposed Charter and Proposed Bylaws and the DGCL. There are