Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 103

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 103
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 ​ | ​ | ​                 | $ |  6,635,738 | ​ | ​ | ​ | ​                      | $ |  6,239,171 | ​ | ​ |
| Total liabilities                    | ​ | ​ | ​                 | $ | 10,559,904 | ​ | ​ | ​ | ​                      | $ |  9,207,492 | ​ | ​ |
| Total commitments and contingencies  | ​ | ​ | ​                 | $ |          — | ​ | ​ | ​ | ​                      | $ |          — | ​ | ​ |
| Total stockholders’ (deficit) equity | ​ | ​ | ​                 | $ | -3,924,166 | ​ | ​ | ​ | ​                      | $ | -2,968,321 | ​ | ​ |

25

TABLE OF CONTENTS

SUMMARY HISTORICAL FINANCIAL INFORMATION OF IWAC IWAC is providing the following selected historical financial information to assist you in your analysis of the financial aspects of the Business Combination. IWAC’s balance sheet data as of June 30, 2025 and December 31, 2024, and statement of operations data for the three months ended June 30, 2025 and 2024, are derived from Btab’s audited financial statements included elsewhere in this joint proxy statement/information statement/prospectus. The historical results presented below are not necessarily indicative of the results to be expected for any future period. You should read the following selected financial information in conjunction with each of Btab’s and IWAC’s consolidated financial statements and related notes and the sections titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations of Btab” contained elsewhere herein.

| ​                                                                                               
 ​                                                                                               | ​ 
 ​ | ​ 
 ​ | Six months endedJune 30, 
 2025                     |   |           |   | ​ | ​ | 2024 |   |            |   | ​ 
 ​ |
|:------------------------------------------------------------------------------------------------|:--|:--|:-------------------------|:--|----------:|:--|:--|:--|:-----|:--|-----------:|:--|:--|
| Formation and operating costs                                                                   | ​ | ​ | ​                        | $ |   212,929 | ​ | ​ | ​ | ​    | $ |     73,970 | ​ | ​ |
| Accounting and legal expenses                                                                   | ​ | ​ | ​                        | ​