Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 36

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 36
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 will have the right to require
the Company to register for resale these securities pursuant to a shelf registration under Rule 415 under the Securities Act. The
holders of a majority of these securities will also be entitled to make up to three demands, plus short form registration demands, that
the Company register such securities. In addition, the holders will be entitled to certain “piggy-back” registration rights
with respect to registration statements filed subsequent to our completion of the Business Combination. The Company will bear the expenses
incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriters
a 45-day option from the date of the IPO to purchase up to 1,500,000 additional Units to cover over- allotments, if any, at the IPO price
less the underwriting discount. On December 13, 2021, the underwriters exercised the over-allotment option in full, generating an
additional $15,000,000 in gross proceeds. As a result of the over-allotment being exercised in full, the Prior Sponsor did not forfeit
any Founder Shares back to the Company. The underwriters were paid a cash underwriting discount of $0.20 per Unit, or $2,300,000 in the
aggregate at the closing of the IPO. In addition, $0.35 per Unit, or $4,025,000 is payable to the underwriters from the amounts held in
the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.
This fee will be forfeited by the underwriters if a Business Combination does not occur.

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NOTE 6 — SEGMENT INFORMATION

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ASC Topic 280, “Segment
Reporting,” establishes standards for companies to report in their financial statements information about operating segments, products,
services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business
activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is
regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess
performance.

The Company’s CODM has
been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a
whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that there