Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 304

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 304
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.C., IWAC’s and Pubco’s independent registered accounting firm or any other independent accountants, have compiled, examined or performed any procedures with respect to the financial projections included below, nor have they expressed any opinion or any other form of assurance on such information or their achievability. Nonetheless, the financial projections described below are included in this proxy statement/prospectus because they were made available to IWAC and the IWAC Board in connection with their review of the Business Combination Agreement and related transactions. The financial projections were provided to IWAC only for use as a component in its overall evaluation of Btab and should not be viewed as public guidance. Furthermore, the financial projections do not take into account any circumstances or events occurring after the date on which the financial projections were reviewed by IWAC’s management. Since the financial projections cover multiple years, such information by its nature becomes less reliable with each successive year.

Btab believes the assumptions built into the financial projections were reasonable at the time the financial projections were prepared, given the information Btab had at that time and its business strategy at such time. However, there are important factors that may affect actual results and cause the results reflected in the financial projections not to be achieved include, among other things, risks and uncertainties relating to Btab’s business, industry performance, and general business and economic conditions, including the ongoing impacts of the COVID-19 pandemic and political and macroeconomic factors. The financial projections also reflect assumptions as to certain business decisions and strategy that are subject to change.

In addition, the below financial projections were prepared and provided prior to the announcement of the Business Combination, treating Btab on a standalone basis, without giving effect to, and as if Btab never contemplated, the Business Combination, including the impact of negotiating or executing the transactions, the expenses that may be incurred in connection with consummating the transactions, the effect of any business or strategic decision or action that has been or will be taken as a result of the Business Combination Agreement being executed, or the effect of any business or strategic decisions or actions that would likely have been taken if the Business Combination Agreement had not been executed but which were instead altered, accelerated, postponed or not taken in anticipation of the transactions.

EXCEPT TO THE EXTENT REQUIRED BY APPLICABLE FEDERAL SECURITIES LAWS, BY INCLUDING IN THIS PROXY STATEMENT/PROSPECTUS A SUMMARY OF THE FINANCIAL PROJECTIONS FOR BTAB, NEITHER BTAB NOR IWAC UNDERTAKES ANY OBLIGATION