Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 200

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 200
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 its initial business combination. The $1.5 million may be drawn down in up to 12 monthly installments of approximately $0.1 million per withdrawal. Total actual and expected deposits subsequent to June 30, 2025 through the estimated Closing Date aggregated to $0.3 million. On June 18, 2024, Sriram assigned the Third Extension Note to Suntone, as assignee. On January 14, 2025, IWAC amended the Third Extension Note to increase the principal amount to up to $4,000,000 to the Current Sponsor, pursuant to which the Current Sponsor may elect to convert up to a maximum amount of $1.5 million of the unpaid principal balance under such amended promissory note relating to working capital expenses into such number of ordinary shares (the “ Conversion Shares ”) equal to: (x) the portion of the principal amount of such amended promissory note being converted divided by (y) the conversion price of One Dollar ($1.00), rounded up to the nearest whole number of ordinary shares. Additionally, pursuant to the Third Extension Note, as amended, the remaining up to $2.5 million, if advanced for purposes of extending period in which IWAC may complete its initial business combination, may be converted pursuant to the same formula. • Total actual and expected interest income on cash held in the Trust Account subsequent to June 30, 2025 through the estimated Closing Date aggregated to $0.2 million. The unaudited pro forma condensed combined financial information has been prepared based on the Btab and IWAC historical financial statements as adjusted to give effect to the Business Combination. The unaudited pro forma condensed combined balance sheet as of June 30, 2025, gives pro forma effect to the Business Combination as if it had occurred on June 30, 2025. The unaudited pro forma condensed combined statement of operations for the six months ended June 30, 2025 combines the unaudited condensed statement of operations of Btab for the six months ended June 30, 2025 and the unaudited condensed consolidated statement of operations of IWAC for the six months ended June 30, 2025, giving effect to the transactions as if the Business Combination and other events contemplated by the Business Combination Agreement had been consummated on January 1, 2024. The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024, reflects adjustments assuming