Company: WELNF
Filing Date: 2025-10-31
Form Type: PRE 14A
Source: 0001104659-25-104954
Chunk: 11

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-10-31
Form: PRE 14A
Chunk 11
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 which
its shareholders approved, among others, a proposal to extend the date by which it would be required to consummate a business combination
from December 13, 2023 to December 13, 2024 (or such earlier date as determined by the Board) (the “December 2023 Extension”).

On December 11, 2024,
the Company held an extraordinary general meeting, at which its shareholders approved, among others, a proposal to extend the date by
which it would be required to consummate a business combination from December 13, 2024 to December 15, 2025 (or such earlier
date as determined by the Board) (the “December 2024 Extension”).

As a result of the June 2023
Extension, the December 2023 Extension and the December 2024 Extension, and as provided in the M&A, the Company currently
has until December 15, 2025 to complete its Business Combination. While the Company is using its best efforts to complete the Business
Combination as soon as practicable, the Board believes that there may not be sufficient time before the Termination Date to complete the
Business Combination. Accordingly, the Board believes that in order to be able to consummate the Business Combination, the Company will
need to obtain approval for the Extension. Without the Extension, the Board believes that there is significant risk that the Company might
not, despite its best efforts, be able to complete the Business Combination on or before the Termination Date. If that were to occur,
the Company would be precluded from completing the Btab Business Combination or another Business Combination and would be forced to liquidate
even if the Company’s shareholders are otherwise in favor of consummating such transaction.

Therefore, the Board has
determined that it is in the best interests of the Company’s shareholders to extend the date by which the Company has to consummate
the Business Combination to the Extended Date in order that the Company’s shareholders have the opportunity to participate in its
future investment.

If the M&A Amendment
Proposals are approved and implemented, the Company intends to complete the Business Combination as soon as possible and in any event
on or before the Extended Date. The Board will have the flexibility to liquidate the Trust Account to redeem all Public Shares on a specified
date following the adoption of the M&A Amendments at any time before or after the current Termination Date, and prior to the end of
the Extension Period. Notwithstanding shareholder