Company: WELNF
Filing Date: 2025-10-31
Form Type: PRE 14A
Source: 0001104659-25-104954
Chunk: 41

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-10-31
Form: PRE 14A
Chunk 41
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 and restated memorandum and articles of association and the trust
agreement entered into between us and Continental, in March 2023 we extended the date by which we must consummate an initial business
combination by an additional three months until June 13, 2023.

On June 2, 2023, we
held an extension meeting, at which our shareholders approved, among others, a proposal to extend the date by which we would be required
to consummate a business combination from June 13, 2023 to December 13, 2023 (or such earlier date as determined by the Board)
(the “June 2023 Extension”). In connection with this meeting, shareholders holding an aggregate of 6,108,728public shares exercised their right to redeem such shares for a pro rata portion of the funds in the Trust Account. As a result,
approximately $64.98 million (approximately $10.64 per Public Share) was removed from the Trust Account to pay such holders.

On December 11, 2023,
we held an extension meeting, at which our shareholders approved, among others, a proposal to extend the date by which we would be required
to consummate a business combination from December 13, 2023 to December 15, 2025 (or such earlier date as determined by the
Board) (the “December 2023 Extension”). In connection with this meeting, shareholders holding an aggregate of
1,136,155public shares exercised their right to redeem such shares for a pro rata portion
of the funds in the Trust Account. As a result, approximately $12.6 million (approximately $11.09 per Public Share) was removed from the
Trust Account to pay such holders.

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 of the record date, there
are issued and outstanding (i) 1,185,481 Class A ordinary shares and (ii) 2,875,000 Class B ordinary share. In addition,
we issued (i) 5,750,000 public warrants included in the public units, every whole warrant entitling their holder to