Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 164

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 164
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 variety of factors, including changes in the business, operations, or prospects of IWAC, regulatory considerations, and general business, market, industry, or economic conditions. Many of these factors are outside of the control of IWAC and Btab.

IWAC has a limited ability to assess the management of Btab’s business and, as a result, cannot assure you that Btab’s management has all the skills, qualifications, or abilities to manage a public company.

IWAC’s ability to assess Btab’s management may be limited due to a lack of time, resources, or information. IWAC’s assessment of the capabilities of Btab’s management, therefore, may prove to be incorrect, and Btab management may lack the skills, qualifications, or abilities that IWAC believed Btab management had. Should Btab’s management not possess the skills, qualifications, or abilities necessary to manage a public company, the operations and profitability of Pubco post-Business Combination may be negatively impacted.

IWAC shareholders will have a reduced ownership and voting interest after the Business Combination and will exercise less influence over management.

Upon the issuance of the shares of Pubco common stock to Btab shareholders, the percentage ownership of current IWAC shareholders will be diluted. Additionally, of the expected five members of the Pubco Board after the completion of the Business Combination, two will be appointed by IWAC prior to the Closing. Because of this, current IWAC shareholders, as a group, will have less influence on the directors, management, and policies of Pubco than they now have on the board of directors, management, and policies of IWAC.

The market price of Pubco’s common stock may decline as a result of the Business Combination.

The market price of Pubco’s common stock may decline as a result of the Business Combination for a number of reasons including, without limitation, if:

•

investors react negatively to the prospects of Pubco’s business and the prospects of the Business Combination;

•

the effect of the Business Combination on Pubco’s business and prospects is not consistent with the expectations of financial or industry analysts; or

•

Pubco does not achieve the perceived benefits of the Business Combination as rapidly or to the extent anticipated by financial or industry analysts.

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Pubco’s stock price may change significantly following the Business Combination due to factors different from those currently affecting the prices of IWAC’s ordinary shares, and you could lose all or part of your investment as a result.

The trading price of