Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 38

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 38
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 Risk Factors section of the Company’s final prospectus for its initial public offering filed with the U.S. Securities and Exchange
Commission (the “SEC”). The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website
at www.sec.gov. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Overview

We are a blank check company
incorporated in the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization,
reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this Quarterly Report
as our initial business combination. We expect to incur significant costs in connection with our initial business combination. We cannot
assure you that our plans to raise capital or to complete our initial business combination will be successful. These factors, among others,
raise substantial doubt about our ability to continue as a going concern.

Sponsor Handover

On November 8, 2023, the Company
entered into a purchase agreement (the “Purchase Agreement”) with the Prior Sponsor and Sriram Associates, LLC (the “Acquirer”),
pursuant to which, the Prior Sponsor agreed to transfer to the Acquirer (i) 2,012,500 of the Company’s Class B ordinary shares and
(ii) 4,795,000 of the Company’s private placement warrants for a total purchase price of one dollar (the “Transfer”).
In connection with the Transfer, the Acquirer may, in its sole discretion, replace any new officers or directors to the Company and the
Company agreed to take such actions necessary to effectuate such changes (the “Management Change”). The Transfer, the Management
Change, and the other transactions contemplated by the Purchase Agreement are referred to as the “Sponsor Handover”. On February
1, 2024, the Sponsor Handover was consummated (the “Closing”). Suntone Investment Pty Ltd, a designee and affiliate of Sriram,
acquired the securities in the Transfer and has subsequently served as the Sponsor of the Company.

Btab Business Combination

On May 30, 2024, the Company
entered into a Business Combination Agreement (the “Original Business Combination Agreement”) with IWAC Georgia Merger Sub,
Inc., a Georgia corporation and a wholly owned subsidiary of the Company, and