Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 185

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 185
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 Public Shares may continue to hold any warrants they own, which results in additional dilution to non-redeeming holders upon exercise of the warrants.

Public Shareholders who redeem their shares may continue to hold any warrants they owned prior to redemption, which results in additional dilution to non-redeeming holders upon exercise of such warrants. Assuming (i) all redeeming Public Shareholders acquired units in the IPO and continue to hold the warrants that were included in the units, and (ii) maximum redemptions of the ordinary shares held by the redeeming Public Shareholders, 5,750,000 warrants would be retained by redeeming Public Shareholders with a value of approximately $574,425 based on the $0.0999 quoted price of the IWAC Public Warrants on the OTC on November 3, 2025. As a result, the redeeming Public Shareholders would recoup their entire investment and continue to hold warrants with an aggregate market value of approximately $574,425, while non-redeeming Public Shareholders would suffer additional dilution in their percentage ownership and voting interest in Pubco upon exercise of the warrants held by redeeming Public Shareholders.

We may be deemed a “foreign person” under the regulations relating to CFIUS and our failure to obtain any required approvals within the requisite time period may require us to liquidate.

Our Current Sponsor is Suntone Investment Pty Ltd , an Australian proprietary limited company. The Current Sponsor currently owns 49.3% of IWAC. Jiang Hui Bao is the CEO of the Sponsor and is a non-US person. Accordingly, the Committee on Foreign Investment in the Unites States (“CFIUS”) may consider us to be a “foreign person.” If CFIUS considers us to be a “foreign person” and Btab a U.S. business that may affect national security, we could be subject to such foreign ownership restrictions and/or CFIUS review. If

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the Business Combination with Btab falls within the scope of applicable foreign ownership restrictions, we may be unable to consummate the Business Combination. In addition, if the Business Combination falls within CFIUS’s jurisdiction, we may be required to make a mandatory filing or determine to submit a voluntary notice to CFIUS, or to proceed with the Business Combination without notifying CFIUS and risk CFIUS intervention, before or after closing the Business Combination.

Although we do not believe the business combination with Btab