Company: WELNF
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001410578-25-001931
Chunk: 1

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1. Financial Statements

INTEGRATED WELLNESS ACQUISITION CORP

CONDENSED CONSOLIDATED BALANCE SHEETS

​​​​​​​​​June 30, ​December 31,​​2025​2024​​(unaudited)​​ASSETS              ​Current assets ​   ​  Cash $ 4,030​$ 5,141Due from related party​​ 2,400​​ 1,341Total Current Assets ​ 6,430​ ​ 6,482Non-current assets: ​​​ ​​Restricted Cash and Cash held in Trust Account​​ 14,765,219​​ 14,215,318Total Non-current Assets ​ 14,765,219​ ​ 14,215,318TOTAL ASSETS $ 14,771,649​$ 14,221,800​​​​​​​LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT ​​​ ​​Current liabilities ​​​ ​​Accrued expenses $ 2,268,760​$ 1,943,887Accounts payable ​ 424,473​ ​ 416,320Due to related party ​ 233,229​ ​ 233,229Promissory note – Suntone​​ 3,407,063​​ 2,933,387Promissory note – related party​​ 1,790,000​​ 1,790,000Total Current Liabilities ​ 8,123,525​ ​ 7,316,823Non-current liabilities: ​​​ ​​Deferred underwriter’s fee payable ​ 4,025,000​ ​ 4,025,000Total Noncurrent Liabilities ​ 4,025,000​ ​ 4,025,000Total Liabilities ​ 12,148,525​ ​ 11,341,823​​​​​​​Commitments and Contingencies (Note 5) ​​​ ​​Class A ordinary shares subject to possible redemption, $0.0001 par value; 1,185,481 shares issued and outstanding at redemption value ​ 14,765,219​ ​ 14,215,318​​​​​​​Shareholders’ Deficit ​  ​​ ​  ​Preference shares, $0.0001 par value, 1,000,000 shares authorized;