Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 8

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 8
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 rather than to liquidate, in which case the Current Sponsor would lose its entire investment. As a result, the Current Sponsor and IWAC’s officers and directors may have a conflict of interest in determining whether Btab is an appropriate business with which to effectuate a business combination and/or in evaluating the terms of the Business Combination. See the section entitled “The Business Combination Proposal — Interests of IWAC’s Current Sponsor, Directors and Officers in the Business Combination” in the joint proxy statement/ information statement/prospectus for a further discussion. Compensation Received by the Sponsor and other Parties Set forth below is a summary of the terms and amount of the compensation received or to be received by the Current Sponsor and its affiliates in connection with the Business Combination or any related financing transaction, the amount of securities issued or to be issued by SPAC to the Current Sponsor and its affiliates and the price paid or to be paid for such securities or any related financing transaction.

| ​                                                      | ​ | ​ | Interest in Securities                                                                                                                                                                                                                                                               | ​ | ​ | Other Compensation                                                                                                                                                                                                                          | ​ |
| Current Sponsor                                        | ​ | ​ | At Closing, the Current Sponsor will hold a total of 2,000,000 Pubco Class A Shares, which would have a value of approximately $25.1 million based on the quoted price of the IWAC Class A ordinary shares as of November 3, 2025.                                                   
 At Closing, the Current Sponsor will hold a total of 4,795,000 Pubco Warrants, which would have a value of approximately $479,021 based on the quoted price of the IWAC Public Warrants as of November 3, 2025.                                                                      | ​ | ​ | The Current Sponsor has provided loans to IWAC, up to $4 million of which are convertible into ordinary shares at a conversion price of $1 per share. As of December 31, 2024, approximately $2.93 million was owed to the Current Sponsor. | ​ |
| Binson Lau, Chairman of the IWAC Board and CEO of Btab | ​ | ​ | At Closing, Mr. Lau will hold (directly and indirectly) a total of 10,334,350 Pubco Class A Shares, which would have a value of approximately $129.69 million based on the quoted price of the IWAC Class A ordinary shares as of November 3, 2025 and 100,000 Pubco Class V Shares. | ​ | ​ | Mr. Lau will serve as