Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 471

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 471
---
 (Nasdaq: KRNL) since December 2022 and TRxADE HEALTH, INC since January 2014, as well as a director of Trxade Nevada since December 2013. From 1995 – 2012, Mr. Fell held positions with the University of South Florida as a member of the Executive MBA faculty, Director of Executive and Professional Education and Senior Fellow of the Public Policy Institute. He has also served as visiting professor of economics at the University of LaRochelle, France, and as adjunct professor of economics at both Illinois State University and The Ohio State University. Mr. Fell holds undergraduate and graduate degrees in economics from Indiana State University and is all but dissertation (ABD) in economics from Illinois State University. Through his work with the Foundation for Teaching Economics and the University of Colorado, Colorado Springs he has conducted graduate institutes on economic policy and environmental economics in 44 states, throughout Canada, the Islands and Eastern Europe.

### Board Composition Following the Business Combination

#### Classes of Directors
Following the completion of the Business Combination, the board of directors of Pubco will be divided into three classes of directors, as follows:

•

the Class I directors will be Douglas Benoit, Donald Fell, and Daniel Kelly Kennedy;

•

the Class II directors will be Matthew Malriat and Qun Hua Wang; and

•

the Class III director will be Binson Lau.

At each annual general meeting of Pubco stockholders, a class of directors will be elected for a three-year term to succeed the same class whose term is then expiring.

#### Director Independence
We anticipate that Pubco will have three “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules. In addition, we anticipate that Messrs. Benoit, Fell, and Kennedy will qualify as independent directors for the purpose of serving on the audit committee of Pubco under SEC rules.

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#### Board Committees
After the completion of the Business Combination, the standing committee of Pubco’s board of directors will consist of an audit committee. The board of directors may from time to time establish other committees.

Pubco’s president and chief executive officer and other executive officers will regularly report to the non-executive directors and the audit, the compensation and the nominating and corporate governance committees to ensure effective and efficient oversight of our activities and to assist in proper risk management and the ongoing evaluation of management controls. We believe that the leadership structure of Pubco’s