Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 301

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 301
---
 of Btab’s management derived from management experience and industry information, including information applicable to established companies and related industries, which are not representative of Btab’s expected business upon consummation of the Business Combination and may not be representative of Btab’s future plans or performance. The financial projections were finalized by the Btab Management team on April 4, 2024, and shared with the Mentor Group shortly thereafter. The financial projections were developed in good faith by Btab’s management team based on their reasonable best estimates and taking into account the assumptions set forth below. Btab’s management team has experience in the e-commerce, technology, and distribution sectors. Specifically, Binson Lau, our Chief Executive Officer and Director, has over 10 years of experience with international manufacturers, retailers, and end-users in various industries. He possesses an in-depth knowledge in digital transformation and product integration, including but not limited to grocery, farming, electronics, sports, commercial, consumer, and home products. The projections drew on observed growth curves from similarly situated start-ups that successfully expanded across multiple revenue channels.

The inclusion of financial projections in this joint proxy statement/information statement/prospectus should not be regarded as an indication that the IWAC Board, or their respective affiliates, advisors or other representatives considered, or now considers, the financial projections necessarily to be predictive of actual future results or to support or fail to support your decision whether to vote for or against the proposed Business Combination. Neither IWAC, Btab nor any of their respective affiliates intends to, and, except to the extent required by applicable law, each of them expressly disclaims any obligation to, update, revise or correct the financial projections to reflect circumstances existing or arising after the date such financial projections were generated or to reflect the occurrence of future events, even if any or all of the assumptions underlying the financial projections are shown to be in error or any of the financial projections otherwise would not be realized. We and Pubco will not refer back to the financial projections in future periodic reports filed under the Exchange Act.

<div align='center'>157</div>

TABLE OF CONTENTS

The financial projections are susceptible to multiple interpretations and periodic revisions based on actual experience and business developments. The financial projections also reflect numerous estimates and assumptions with respect to general business, economic, regulatory, market and financial conditions. Btab may revise and update these financial projections prior to the consummation of the business combination to reflect the most current available data, updated operating assumptions, and any material changes to its strategic plans or commercial pipeline