Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 157

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 157
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 initially acquired by the Prior Sponsor prior to IWAC’s IPO for a purchase price of $0.008 per share, and IWAC’s officers have pecuniary interests in such ordinary shares through indirect ownership interests in the Sponsor. Such shares had an aggregate market value of approximately $25.1 million based on the quoted price of $12.55 per share on the OTC on November 3, 2025. The Existing Organizational Documents require IWAC to complete an initial business combination (which will be the Business Combination should it occur) by December 15, 2025, unless extended by IWAC’s shareholders (the “Combination Period”). If an initial business combination is not completed and IWAC is forced to wind up, dissolve and liquidate in accordance with the Existing Organizational Documents, the 2,000,000 Class B ordinary shares currently held by the Current Sponsor will be worthless (as the holders have waived liquidation rights with respect to such ordinary shares).

IWAC’s Prior Sponsor, Current Sponsor, directors and officers, and their respective affiliates have incurred significant out-of- pocket expenses in connection with performing due diligence on suitable targets for business combinations and the negotiation of the Business Combination. At the Closing of the Business

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Combination, IWAC’s Current Sponsor, directors and officers, and their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on IWAC’s behalf such as identifying potential target businesses and performing due diligence on suitable targets for business combinations. If an initial business combination is not completed prior to December 15, 2025 (or such later date as approved by IWAC’s shareholders), IWAC’s Current Sponsor, directors and officers, or any of their respective affiliates will not be eligible for any such reimbursement. In March 2023, the Prior Sponsor issued an unsecured promissory note to the Company (the “

#### Extension Note
”) in connection with the extension payment made by the Prior Sponsor to extend the Combination Period from March 13, 2023 to June 13, 2023. The Extension Note is non-interest bearing and payable on the earlier of the date the business combination is consummated or the liquidation of IWAC. As of December 31, 2023, IWAC had borrowed $1,150,000, the maximum amount under the Extension Note.

In June 2023, the Prior Sponsor issued an additional unsecured promiss