Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 19

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 19
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 their Btab Common Shares and their Btab Class V Shares shall be an aggregate amount equal to $250,000,000 (the “IWAC Equity
Value”). The Transaction consideration shall be paid solely by Pubco issuing an aggregate of 25,000,000 new shares of common stock
to the Btab Shareholders, consisting of 24,900,000 Pubco Class A Common Shares (the “Aggregate Class A Share Consideration”)
and 100,000 Pubco Class V Common Shares (the “Aggregate Class V Share Consideration”), with each Pubco Class A Common Share
and each Pubco Class V Common Share valued at $10.00 per share.

On December 13, 2024, the Company
received written notice from the NYSE indicating that the staff of NYSE Regulation had determined to commence proceedings to delist the
Company’s securities from the NYSE due to the Company’s failure to consummate a business combination within the shorter of
(i) the time period specified by its constitutive documents or by contract or (ii) three years following the closing of the Company’s
initial public offering. Trading in the Company’s securities was suspended immediately after market close on December 13, 2024.
Following the suspension of trading on NYSE, the Company’s units, Class A ordinary shares and warrants have been trading on the
OTC Markets under the ticker symbols “WELUF,” “WELNF,” and “WELWF,” respectively. NYSE filed a Form
25 with the SEC on January 2, 2025 to delist the securities from the NYSE.

Going Concern

As of September 30, 2025 and
December 31, 2024, the Company had $0 and $5,141 in cash, respectively, and a working capital deficit of $8,669,147 and $7,310,341, respectively.
The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. The Company
may need to raise additional capital through loans or additional investments from its Sponsor, shareholders, officers, directors, or third
parties. The Company’s officers, directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time
or at any time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Accordingly,
the Company may not be able to obtain additional financing. If the Company is unable to