Company: WELNF
Filing Date: 2025-10-31
Form Type: PRE 14A
Source: 0001104659-25-104954
Chunk: 43

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-10-31
Form: PRE 14A
Chunk 43
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the “Transfer”). In connection with the Transfer,
new officers and directors were appointed (the “Management Change”). The Transfer, the Management Change and the other
transactions contemplated by the Purchase Agreement are hereinafter referred to as the “Sponsor Handover.”

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On February 1, 2024,
the Sponsor Handover was consummated (the “Closing”). Suntone Investment Pty Ltd, a designee and affiliate of Sriram,
acquired the securities in the Transfer and has subsequently served as the sponsor of the Company.

Our Sponsor, directors and
officers have interests in the proposals that may be different from, or in addition to, your interests as a shareholder. These interests
include ownership of Class B ordinary shares and warrants that may become exercisable in the future and the possibility of future
compensatory arrangements. See the section entitled “The Meeting — Interests of the Sponsor, Directors and Officers.”

BTAB Business Combination

On May 30, 2024, the
Company entered into a Business Combination Agreement (the “Original Business Combination Agreement”) with IWAC Georgia Merger
Sub, Inc., a Georgia corporation and a wholly owned subsidiary of the Company, and Btab Ecommerce Group, Inc., a Georgia corporation
(“”).

On August 26, 2024,
the Company and Btab entered into an Amended and Restated Business Combination Agreement (the “Business Combination Agreement”)
with IWAC Holding Company Inc., a Delaware corporation, a wholly-owned subsidiary of IWAC (“Pubco”), IWAC Purchaser Merger
Sub II Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Purchaser Merger Sub”), IWAC Company Merger
Sub Inc., a Georgia corporation and a wholly-owned subsidiary of Pubco (“Company Merger Sub”), and acknowledging and agreeing
solely with respect to Section 2.1(a)(ii) thereof, Binson Lau. The Business Combination Agreement amended, restated and superseded
the Original Business Combination Agreement.

Pursuant to the Business
Combination Agreement, the Business Combination will be effected in two steps. Subject to the approval and adoption of the Business Combination
Agreement by the shareholders of the Company and Btab, on the date of the consummation of the Business Combination and following the domestication:
(a) Purchaser Merger Sub will merge with and into the Company (the “Purchaser Merger”), with the Company as the surviving