Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 33

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 33
---
 the OTC Markets on November 3, 2025. If the Company is unable to complete a business combination by December 15, 2025, the Private Placement Warrants will expire worthless and the Sponsor will be unable to recoup its investment in the Company. Accordingly, the Company’s management team, which owns an interest in the Sponsor, may have an economic incentive that differs from that of the public shareholders to pursue and consummate an initial business combination rather than to liquidate and to return all of the cash in the Trust Account to the public shareholders, even if that business combination were with a less favorable target company or on terms less favorable to shareholders rather than liquidate. |

| · | the fact that the Sponsor and its affiliates has made outstanding loans and advances to the Company in the aggregate amount of approximately $4.96 million, which amount the Company will be unable to repay to the Sponsor to the extent that the amount of such loans exceeds the amount of available proceeds not deposited in the Trust Account if a business combination is not completed. |

| · | the Company’s Sponsor and its officers and directors and their affiliates are entitled to reimbursement of out-of-pocket expenses incurred by them in connection with certain activities on the Company’s behalf, such as identifying and investigating possible business targets and business combinations. However, if the Company fails to consummate a business combination within the required time period under its organizational documents, these persons will not have any claim against the Trust Account for reimbursement. Accordingly, the Company may not be able to reimburse these expenses if an initial business combination is not completed by December 15, 2025 (subject to the Extension, as applicable). As of September 30, 2025, there were no unreimbursed expenses. |
|:--|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · | the Company’s existing directors and officers will be eligible for continued indemnification and continued coverage under the Company’s directors’ and officers’ liability insurance after the Business Combination.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

What happens to the Company’s warrants if either of the M&A Amendment Proposals is not approved?

If either of the M&A
Amendment Proposals is not approved and the Business Combination is not completed on or before December 15, 2025, we will be required
to dissolve and liquidate the Trust Account by returning the then-remaining funds in such account to the public shareholders in accordance
with our M&A and the Company’s warrants will expire worthless.

What