Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 20

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 20
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 raise additional capital, it may be required to
take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending
the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance that new financing will
be available to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability
to continue as a going concern.

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Risks and Uncertainties

The Company’s ability
to complete the Business Combination may be adversely affected by various factors, many of which are beyond the Company’s control.
The Company’s ability to consummate the Business Combination could be impacted by, among other things, changes in laws or regulations,
downturns in the financial markets or in economic conditions, inflation, fluctuations in interest rates, increases in tariffs, supply
chain disruptions, declines in consumer confidence and spending, public health considerations, and geopolitical instability, such as the
military conflicts in Ukraine and the Middle East. The Company cannot at this time predict the likelihood of one or more of the above
events, their duration or magnitude or the extent to which they may negatively impact the Company’s ability to complete the Business
Combination.

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited
condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United
States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article
8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance
with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly,
they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations,
or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments,
consisting of a normal recurring nature, which are necessary for a fair statement of the financial position, operating results and cash
flows for the periods presented. The accompanying condensed consolidated financial statements include the accounts of the Company and
its wholly owned subsidiary, IWAC Holdings Inc., are presented on a condensed consolidated basis.

The accompanying unaudited
condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form