Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 12

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 12
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a-7 of the Investment Company Act of 1940, as amended (the “Investment
Company Act”). The Company is not permitted to withdraw any of the principal or interest held in the Trust Account except for the
withdrawal of interest to pay taxes, if any. The funds held in the Trust Account will not otherwise be released from the Trust Account
until the earlier of: (i) the Company’s completion of a Business Combination and (ii) the distribution of the funds held
in the Trust Account, as described below.

Business Combination

The Company’s management
has broad discretion with respect to the specific application of the net proceeds of the IPO, although substantially all of the net proceeds
from the Initial Public Offering are intended to be generally applied toward consummating a Business Combination with (or acquisition
of) a Target Business. As used herein, “Target Business” means one or more operating businesses that together have an aggregate
fair market value equal to at least 80% of the value of the assets held in the Trust Account (excluding the deferred underwriting commissions
and taxes payable on the interest earned on the Trust Account) at the time of the signing of a definitive agreement in connection with
a Business Combination. Furthermore, there is no assurance that the Company will be able to successfully effect a Business Combination.

The Company will provide its
public shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination,
either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender
offer. The public shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account,
calculated as of two business days prior to the completion of a Business Combination, including any pro rata interest earned on the
funds held in the Trust Account and not previously released to the Company to pay its tax obligations. The per-share amount to be distributed
to the public shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to
the underwriter (as discussed in Note 5). There will be no redemption rights upon the completion of a Business Combination with respect
to the Company’s warrants. As a result, Class A ordinary shares are recorded at their redemption amount and classified as temporary
equity, in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”)
480, “Distingu