Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 212

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 212
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 represent shares of Pubco common stock (as adjusted, where applicable, for the Maximum Redemption Scenario) upon consummation of the Business Combination.

The table directly below present shares outstanding upon the Closing as depicted in the unaudited pro forma condensed combined financial information. This table assumes that no IWAC warrants, which will be converted into and become exercisable for one share of Pubco common stock upon the Closing, are exercised on or shortly after the Closing. As these warrants are the only potentially dilutive securities, the tables directly below present the pro forma ownership of Pubco upon the Closing of the Business Combination assuming no dilution.

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TABLE OF CONTENTS

| ​                                                                                    | ​ | ​ | Assuming No Dilution from Warrants          |   |            |   |   |   |                  |   |        |   |   |   |                                                  |   |            |   |   |   |                  |   |        |   | ​ |
| ​                                                                                    | ​ | ​ | Scenario 1Assuming No Redemptions Into Cash |   |            |   |   |   |                  |   |        |   | ​ | ​ | Scenario 2Assuming Maximum Redemptions Into Cash |   |            |   |   |   |                  |   |        |   | ​ |
| ​                                                                                    | ​ | ​ | Number of SharesOwned                       |   |            |   | ​ | ​ | % of SharesOwned |   |        |   | ​ | ​ | Number of SharesOwned                            |   |            |   | ​ | ​ | % of SharesOwned |   |        |   | ​ |
| Pubco Class A Shares held by Btab Shareholders                                       | ​ | ​ | ​                                           | ​ | 24,900,000 | ​ | ​ | ​ | ​                | ​ | 75.5%  | ​ | ​ | ​ | ​                                                | ​ | 24,900,000 | ​ | ​ | ​ | ​                | ​ | 78.3%  | ​ | ​ |
| Pubco Class V Shares held by Btab Shareholders                                       | ​ | ​ | ​                                           | ​ |    100,000 | ​ | ​ | ​ | ​                | ​ | 0.3%   | ​ | ​ | ​ | ​                                                | ​ |    100,000 | ​ | ​ | ​ | ​                | ​ | 0.3%