Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 167

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 167
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ative purposes only and the actual financial condition and results of operations after the Business Combination may differ materially.

The unaudited pro forma financial information included herein is presented for illustrative purposes only and is not necessarily indicative of what Pubco’s actual financial position or results of operations would have been had the Business Combination been completed on the date(s) indicated. The preparation of the pro forma financial information is based upon available information and certain assumptions and estimates that IWAC and Btab currently believe are reasonable. The unaudited pro forma condensed combined financial information for Pubco following the Business Combination in this joint proxy statement/ information statement/prospectus is presented for illustrative purposes only and is not necessarily indicative of what our actual financial position or results of operations would have been had the Business Combination been completed on the dates indicated. See “ Unaudited Pro Forma Condensed Combined Financial Information ” for more information.

In addition, the assumptions used in preparing the pro forma financial information may not prove to be accurate and other factors may affect Pubco’s financial condition or results of operations following the Closing. Any potential decline in Pubco’s financial condition or results of operations may cause significant variations in the stock price of Pubco.

We cannot assure you that the Pubco Class A common stock will be approved for listing on Nasdaq or that Pubco will be able to comply with the continued listing standards of Nasdaq.

In connection with the closing, Pubco intends to list the Pubco Class A common stock and warrants on Nasdaq under the symbols “BTAB” and “BTABW,” respectively. Pubco’s continued eligibility for listing may depend on the number of IWAC ordinary shares that are redeemed. If, after the Business Combination, Nasdaq delists the Pubco Class A common stock from trading on its exchange for failure to meet the listing standards and Pubco is not able to list such securities on another national securities exchange, Pubco expects such securities could be quoted on an over-the-counter market. If this were to occur, Pubco and its stockholders could face significant material adverse consequences including:

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a limited availability of market quotations for Pubco’s securities;

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reduced liquidity for Pubco’s securities;

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a determination that the Pubco Class A common stock is a “penny stock,” which will require brokers trading the Pubco common stock to adhere to more stringent rules, possibly resulting in a reduced level of trading activity in the secondary trading market for shares of Pubco