Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 512

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 512
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 will be subject to redemption or have preemptive rights to purchase additional shares of Pubco Class V common stock. All outstanding shares of Pubco Class V common stock will be validly issued, fully paid and non-assessable.

Preferred Stock

The Proposed Charter may provide that the Pubco Board has the authority, without action by the stockholders, to designate and issue shares of preferred stock in one or more classes or series, and the number of shares constituting any such class or series, and to fix the voting powers, designations, preferences, limitations, restrictions and relative rights of each class or series of preferred stock, including, without limitation, dividend rights, dividend rates, conversion rights, exchange rights, voting rights, rights and terms of redemption, dissolution preferences, and treatment in the case of a merger, business combination transaction, or sale of Pubco’s assets, which rights may be greater than the rights of the holders of the Pubco common stock.

It is expected that, immediately after the Business Combination, including the Mergers, no shares of Pubco preferred stock will be outstanding.

The purpose of authorizing the Pubco Board to issue Pubco preferred stock and determine the rights and preferences of any classes or series of preferred stock is to eliminate delays associated with a Pubco stockholder vote on specific issuances. The simplified issuance of Pubco preferred stock, while providing flexibility in connection with possible acquisitions, future financings and other corporate purposes, could have the effect of making it more difficult for a third party to acquire, or could discourage a third party from seeking to acquire, a majority of the outstanding voting stock of Pubco. Additionally, the issuance of Pubco preferred stock may adversely affect the holders of Pubco Class A common stock, including by restricting dividends on the Pubco Class A common stock, diluting the voting power of the Pubco Class A common stock or subordinating the dividend or liquidation rights of the Pubco Class A common stock. As a result of these or other factors, the issuance of Pubco preferred stock could have an adverse impact on the market price of Pubco Class A common stock.

Notice and Appraisal Rights to holders of Btab Securities

Action without a Meeting

The following discussion is not a complete description of the law relating to shareholders’ rights available under Georgia law. This description is qualified in its entirety by the full text of Article 7 and Article 13 of the GBCC, certain portions of which are reprinted as Annex H to this joint proxy statement/ prospectus