Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 14

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 14
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 (a) to waive its redemption rights with respect to its Founder Shares and Public Shares held
by it in connection with the completion of a Business Combination and (b) not to propose an amendment to the Amended and Restated
Memorandum and Articles of Association (i) to modify the substance or timing of the Company’s obligation to allow redemption
in connection with the Company’s initial Business Combination or to redeem 100% of its Public Shares if the Company does not complete
a Business Combination or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial business
combination activity, unless the Company provides the public shareholders with the opportunity to redeem their Public Shares in conjunction
with any such amendment.

The Company originally had
until 18 months from the closing of the IPO to complete a Business Combination (or up to 21 months from the closing of the IPO
if the Company extended the time to complete a Business Combination by the sponsor depositing into the Trust Account for each three-month
extension $1,150,000 ($0.10 per share)), up to an aggregate of $2,300,000, or $0.20 per unit, on or prior to the date of the applicable
deadline. On March 14, 2023, the Prior Sponsor deposited an aggregate of $1,150,000 (representing $0.10 per public share) into the Trust
Account for its public shareholders. The deposit enabled the Company to extend the date by which the Company has to complete a Business
Combination from March 13, 2023 to June 13, 2023 (the “Initial Extension”). The Initial Extension was the first of two three-month
automatic extensions permitted under the Company’s governing documents and provides the Company with additional time to complete
a Business Combination. On June 2, 2023, the Company’s shareholders voted to extend the date by which the Company has to consummate
an initial business combination from June 13, 2023 to December 13, 2023 (or such earlier date as determined by the Company’s board
of directors (the “Board”) in its sole discretion) (the “Second Extension”).

On June 2, 2023, the Company
held an extraordinary general meeting of shareholders (the “Meeting”). At the Meeting, the shareholders of the Company approved,
among other things, a proposal by special resolution to extend the date by which the Company has to consummate an initial business combination