Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 16

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 16
---
 and IWAC officers and directors, and later, the Current Sponsor, entered into the Insider Letter (as defined herein), pursuant to which they agreed, among other things, to vote their IWAC Class B ordinary shares purchased prior to the IPO (“

#### founder shares
”), as well as any IWAC ordinary shares sold in the IPO (“

#### Public Shares
”) purchased by them during or after the IPO, as well as any IWAC Class A ordinary shares issued or issuable upon the conversion of the founder shares, if any, in favor of IWAC’s initial business combination. Additionally, in connection with the execution of the Original BCA, on May 30, 2024, the Current Sponsor, IWAC and Btab and other holders of IWAC Class B ordinary shares entered into a Sponsor Letter Agreement (the “

#### Sponsor Letter Agreement
”), pursuant to which, in order to induce Btab to enter into the Business Combination Agreement and for no additional consideration, the Current Sponsor and certain other holders of IWAC Class B ordinary shares agreed 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.

Pursuant to IWAC’s Existing Organizational Documents, a holder of Public Shares (“

#### Public Shareholder
”) may request that IWAC redeem all or a portion of its Public Shares for cash if the Business Combination is consummated. IWAC shareholders will be entitled to receive cash for any Public Shares to be redeemed only if such holders:

•

hold (a) Public Shares or (b) units and elect to separate such units into the underlying Public Shares and warrants prior to exercising such redemption rights with respect to the Public Shares; and

•

prior to 5:00 p.m., Eastern Time, on December 4, 2025 (two business days prior to the Extraordinary General Meeting), (a) submit a written request to Continental Stock Transfer & Trust Company, IWAC’s transfer agent (the “

#### Transfer Agent
”), that IWAC redeem such Public Shares for cash and (b) deliver such Public Shares to the Transfer Agent,