Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 216

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 216
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TA Amendment at the Extraordinary General Meeting.

(f)

To reflect the exchange of all non-redeemable IWAC Class A common shares immediately prior to closing, inclusive of the IWAC Class A common shares resulting from the conversion of IWAC Class B common shares into IWAC Class A common shares described in Note 3(k).

(g)

To reflect the recapitalization of Btab through the Business Combination and the issuance of 24,900,000 Pubco Class A Shares and 100,000 Pubco Class V Shares. The adjustment eliminates the accumulated deficit of IWAC, inclusive of the impacts to IWAC’s accumulated deficit arising from Transaction Accounting Adjustments.

(h)

To reflect the conversion of all Btab Preferred Shares and 100,000 Btab Common Shares into 100,000 Btab Class V Shares. The 100,000 Btab Class V Shares are subsequently exchanged for 100,000 Pubco Class V Shares in connection with the Closing (see Note 3(g)).

(i)

To reflect the repayment of IWAC accounts payable, accrued liabilities, and amounts owed to the Prior Sponsor and Sponsor through the conversion of the maximum allowable balance under the Amended and Restated Promissory Note. The conversion includes the $1.5 million of working capital expenses and transaction costs that will ultimately be funded by the Sponsor as part the promissory note’s principal balance, combined with the $2,408,280 extension deposits converted under Note 3(b), the total amount converted under the loan is $3,908,280.

(j)

To reflect the payment of total preliminary estimated transaction costs of IWAC of $0.7 million that are anticipated to be incurred subsequent to June 30, 2025 but prior to the Closing Date.

(k)

To reflect the conversion of each IWAC Class B ordinary share into one IWAC Class A ordinary share immediately prior to Closing.

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(l)

To reflect, in the Maximum Redemption Scenario, the assumption that IWAC Public Shareholders exercise their redemption rights with respect to a maximum of 1,185,481 IWAC Class A common shares subject to possible redemption prior to the consummation of the Business Combination at an estimated redemption price of $12.81 per share, which equates to an aggregate of $15.2 million in cash.

(m)

To reflect the payment of future estimated transaction costs of Btab of $0.4 million. The adjustment reflects legal and other professional fees of