Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 101

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 101
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 or the perception of future sales, by Pubco or its shareholders in the public market following the Business Combination could cause the market price for Pubco Common Shares to decline.

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Pubco may redeem unexpired IWAC Public Warrants prior to their exercise at a time that is disadvantageous for IWAC warrant holders.

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Because Pubco does not expect to pay dividends in the foreseeable future, you must rely on a price appreciation of its Class A common stock for a return on your investment.

#### Risks Related to Redemption
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If you or a “group” of shareholders of which you are a part are deemed to hold an aggregate of more than 15% of IWAC Class A ordinary shares, you (or, if a member of such a group, all of the members of such group in the aggregate) may lose the ability to redeem all such shares in excess of 15% of IWAC Class A ordinary shares.

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You will not have any rights or interests in funds from the trust account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell your public shares and/or warrants, potentially at a loss.

**Risks Related to the Consummation of the Domestication**

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Certain Holders may be required to recognize gain for U.S. federal income tax purposes as a result of the Domestication.

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Upon consummation of the Domestication, the rights of holders of IWAC Common Stock arising under the DGCL and the Interim Charter will differ from and may be less favorable to the rights of holders of Class A ordinary shares arising under Cayman Islands law and the Existing Governing Documents.

### Risks Related to the Business Combination and IWAC
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Some of the Btab and IWAC officers and directors may be argued to have conflicts of interest that may influence them to support or approve the Business Combination without regard to your interests.

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IWAC has no operating history and is subject to a mandatory liquidation and subsequent dissolution requirement. As such, there is a risk that IWAC will be unable to continue as a going concern if it does not consummate an initial business combination by December 15, 2025 (unless extended by IWAC’s shareholders). If IWAC is unable to effect an initial business combination by December 15, 2025, IWAC will be forced to liquidate and its warrants will expire worthless.

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Because IWAC is incorporated under the laws of the Cayman Islands, in the event the Business Combination is not completed, you may