Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 589

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 589
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 were treated as a passive foreign investment company. Additionally, U.S. taxation could occur to the Company itself if the Company is engaged in a U.S. trade or business. The Company is not expected to be treated as engaged in a U.S. trade or business at this time.

Class A Ordinary Shares Subject to Possible Redemption

The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in ASC 480. Class A ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that features redemption rights that are either within the control of the holder or subject to

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redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares features certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, at December 31, 2024, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet. The Company recognizes changes in redemption value at the end of each reporting period and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional capital, in accumulated deficit. As of December 31, 2024, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:

| ​ | Gross proceeds from Initial Public Offering                                       | ​ | ​ | ​ | $ | 115,000,000 | ​ | ​ |
| ​ | Less:                                                                             | ​ | ​ | ​ | ​ |           ​ | ​ | ​ |
| ​ | Proceeds allocated to Public Warrants                                             | ​ | ​ | ​ | ​ |  -5,102,550 | ​ | ​ |
| ​ | Offering costs allocated to Class A ordinary shares subject to possibleredemption | ​ | ​ | ​ | ​ |  -6,519,382 | ​ | ​ |
| ​ | Add:                                                                              | ​ | ​ | ​ | ​ |           ​ | ​ | ​ |
| ​ | Re-measurement of Class A ordinary shares subject