Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 341

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 341
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 recorded. This determination is primarily based on Btab stockholders comprising a relative majority of the voting power of Pubco and having the ability to nominate a majority of the members of the Board of Pubco, and Btab’s existing senior management comprising the senior management of Pubco. Operations prior to the Business Combination will be presented as those of Btab in future reports of Pubco.

There will be no accounting effect or change in the carrying amount of the assets and liabilities of IWAC as a result of the Domestication. The business, capitalization and liabilities of IWAC immediately following the Domestication will be the same as those of IWAC immediately prior to the Domestication. There will also not be any accounting impact regarding the change in par value in the shares of IWAC as a result of the Domestication.

#### Regulatory Matters
The Mergers and the transactions contemplated by the Business Combination Agreement are not subject to any additional federal or state regulatory requirement or approval, (i) except for filings with the Cayman Islands and Delaware necessary to effectuate the Domestication, and (ii) the Mergers and filings required of solicitation materials pursuant to Rule 14a-12 of the Exchange Act.

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TABLE OF CONTENTS

#### IWAC Appraisal Rights
Shareholders of IWAC do not have appraisal rights or dissenters’ rights in connection with the Mergers or the Domestication under the Cayman Islands Companies Act or under the DGCL.

#### Related Agreements

#### Sponsor Letter Agreement
Concurrently with the execution of the Original BCA, the Current Sponsor, IWAC, Btab, and certain other IWAC Class B shareholders entered into the Sponsor Letter Agreement, pursuant to which, among other things, the Current Sponsor and each of the IWAC shareholders party thereto agree to (a) vote in favor of the Business Combination Agreement and the transactions contemplated thereby (including the Domestication and the Mergers), (b) waive any adjustment to the conversion ratio set forth in the governing documents of IWAC and any other anti-dilution or similar protection with respect to their shares and (c) seek to amend the lock-up period in the Insider Letter to reduce it to 180 days; which Sponsor Letter Agreement shall be amended to approve the additional transactions contemplated by the Business Combination Agreement.

#### Shareholder Support Agreement
Concurrently with the execution of the Original BCA, each of Binson Lau and Btab Group Pty Ltd., (collectively, the “