Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 154

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 154
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 of facilitating the intended business combination. By restricting the investment of the proceeds in this manner, and by focusing its directors’ and officers’ time toward, and operating its business for the purpose of, acquiring and growing businesses for the long term (rather than buying and selling businesses in the manner of a merchant bank or private equity fund or investing in assets for the purpose of achieving investment returns on such assets), IWAC intends to avoid being deemed an “investment company” within the meaning of the Investment Company Act. Further, investing in IWAC’s securities is not intended for persons who are seeking a return on investments in government securities or investment securities. Instead, the Trust Account is intended as a holding place for funds pending the earliest to occur of either: (i) the completion of IWAC’s initial business combination; (ii) the redemption of any IWAC Public Shares properly submitted in connection with a shareholder vote to amend the Existing Organizational Documents of IWAC (A) to modify the substance or timing of its obligation to allow redemption in connection with the Business Combination or to redeem 100% of its Public Shares if IWAC does not complete the Business Combination within the completion window or (B) with respect to any other material provisions relating to the rights of holders of IWAC Class A Ordinary Shares or pre-initial business combination activity; or (iii) absent the Business Combination within the completion window, IWAC’s return of the funds held in the Trust Account to its Public Shareholders as part of its redemption of the Public Shares. If IWAC does not invest the proceeds as described above, it may be deemed to be subject to the Investment Company Act.

If IWAC is deemed to be an investment company for purposes of the Investment Company Act and found to have been operating as an unregistered investment company, IWAC may not be able to consummate the Business Combination and may be required to change its operations, wind down its operations or register as an investment company under the Investment Company Act. In addition, its activities may be restricted, including (i) restrictions on the nature of its investments; and (ii) restrictions on the issuance of securities, each of which may make it difficult for IWAC to complete its Business Combination.

In addition, IWAC may have imposed upon it burdensome requirements, including: (i) registration as an investment company; (ii) adoption of a specific form of corporate structure; and (iii) reporting, record keeping, voting, proxy and disclosure requirements and other rules and regulations.

In order not to be regulated as an