Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 53

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 53
---
iliated security holders of IWAC.

Q:

WHO IS RESPONSIBLE FOR PAYING THE $1.4 MILLION OF UNPAID COSTS RELATED TO THE REFRESHING BUSINESS COMBINATION?

A:

The $1.4 million in unpaid costs relating to the previously terminated transaction with Refreshing are obligations of IWAC. These costs will primarily be satisfied using working capital provided to IWAC by the Current Sponsor. Subject to agreement with Btab and applicable negotiations with service providers, a portion of the PIPE financing proceeds may also be used to satisfy such obligations.

Q:

WHICH RELATED PARTY TRANSACTIONS HAVE OCCURRED, AND WHAT ARE THE TOTAL AMOUNTS INVOLVED?

A:

Both IWAC and Btab have engaged in various related party transactions, including founder share issuances, warrant purchases, promissory notes (some with conversion features), waived administrative fees, and reimbursements for out-of-pocket expenses. As of June 30, 2025:

#### •

IWAC-related sponsor loans totaled approximately $5.4 million drawn, with up to an additional $0.8 million available under amended convertible notes.

#### •

Btab had related party receivables of $1.82 million and related party payables of $2.76 million.

For a complete summary of these transactions, please refer to the section titled “ Certain Relationships and Related Party Transactions ” and the accompanying Related Party Transactions Table.

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TABLE OF CONTENTS

Summary of Related Party Transactions

| Date        
 July 2021   | ​ 
 ​ | ​ 
 ​ | Related Party             
 Prior Sponsor             | ​ 
 ​ | ​ 
 ​ | Description of Transaction                                                
 Issuance of 2,875,000 founder shares                                      | ​ 
 ​ | ​ 
 ​ |     Amount (USD) 
          $25,000 | ​ 
 ​ | ​ 
 ​ | Status/Balanceas of Dec 31, 2024  
 Fully issued                      | ​ 
 ​ |
|:------------|:--|:--|:--------------------------|:--|:--|:--------------------------------------------------------------------------|:--|:--|-----------------:|:--|:--|:----------------------------------|:--|
| July 2021   | ​ | ​ | Prior Sponsor             | ​ | ​ | Pre-IPO Promissory Note for working capital                               | ​ | ​ |         $208,721 | ​ | ​ | Fully repaid                      | ​ |
| July 2021