Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 4

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 4
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the “December 2024 Extension”).

As a result of the June 2023
Extension, the December 2023 Extension and the December 2024 Extension, and as provided in the M&A, the Company currently
has until December 15, 2025 to complete its Business Combination. While the Company is using its best efforts to complete the Business
Combination as soon as practicable, the board of directors (the “Board”) believes that there may not be sufficient
time before the Termination Date to complete the Business Combination. Accordingly, the Board believes that in order to be able to consummate
the Business Combination, the Company will need to obtain approval for the Extension. Without the Extension, the Board believes that there
is significant risk that the Company might not, despite its best efforts, be able to complete the Business Combination on or before the
Termination Date. If that were to occur, the Company would be precluded from completing the Btab Business Combination or another Business
Combination and would be forced to liquidate even if the Company’s shareholders are otherwise in favor of consummating such transaction.

Therefore, the Board has
determined that it is in the best interests of the Company’s shareholders to extend the date by which the Company has to consummate
the Business Combination to the Extended Date in order that the Company’s shareholders have the opportunity to participate in its
future investment, as well as to provide additional flexibility to wind up our operations prior to the end of the Extension Period.

The Company will hold a separate
general meeting of its shareholders on December 8, 2025 to approve the Business Combination (the “Business Combination Meeting”).
If the shareholders of the Company approve the Business Combination at the Business Combination Meeting and the other conditions
to the Business Combination are then satisfied or will be satisfied or waived on or before the Termination Date, then the Company intends
to use its best efforts to complete the Business Combination on or before the Termination Date. The Company will cancel the Meeting and
will not implement the Extension if it is able to complete the Business Combination prior to the Meeting. The Company intends to hold
the Meeting to approve all above mentioned proposals, including the Extension Amendment Proposal, and file the proposed amendment to its
M&A only if it has determined that it will not be able to complete the Business Combination on or before the Termination Date. If
the Company does not implement the Extension, it will not redeem any public shares submitted for redemption solely in connection