Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 135

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 135
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 such other factors as the Pubco board of directors may deem relevant. As a result, you may not receive any return on an investment in Pubco Class A Shares unless you sell your Pubco Class A Shares for a price greater than that which you paid for it.

Pubco stockholders may experience dilution in the future.

The percentage of Pubco Class A Shares owned by current shareholders may be diluted in the future because of equity issuances for acquisitions, capital market transactions or otherwise, including, without limitation, equity awards that Pubco may grant to its directors, officers and employees, exercise of the Pubco warrants. Such issuances may have a dilutive effect on Pubco’s earnings per share, which could adversely affect the market price of Pubco Class A Shares.

If securities or industry analysts do not publish research or reports about Pubco’s business, if they change their recommendations regarding Pubco Class A Shares or if Pubco’s operating results do not meet their expectations, the Pubco Class A Shares price and trading volume could decline.

The trading market for Pubco Class A Shares will depend in part on the research and reports that securities or industry analysts publish about Pubco or its businesses. If no securities or industry analysts commence coverage of Pubco, the trading price for Pubco Class A Shares could be negatively impacted. In the event securities or industry analysts initiate coverage, if one or more of the analysts who cover Pubco downgrade its securities or publish unfavorable research about its businesses, or if Pubco’s operating results do not meet analyst expectations, the trading price of Pubco Class A Shares would likely decline. If one or more of these analysts cease coverage of Pubco or fail to publish reports on Pubco regularly, demand for Pubco Shares could decrease, which might cause the Pubco Class A Shares price and trading volume to decline.

Future sales, or the perception of future sales, by Pubco or its shareholders in the public market following the Business Combination could cause the market price for Pubco Class A Shares to decline.

The sale of Pubco Class A Shares in the public market, or the perception that such sales could occur, could harm the prevailing market price of Pubco Class A Shares. These sales, or the possibility that these sales may occur, also might make it more difficult for Pubco to sell equity securities in the future at a time and at a price that it deems appropriate.

It is anticipated that, upon the Closing, IWAC’s public shareholders will retain an ownership interest of approximately 3.6% of