Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 20

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 20
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51-1(g)(1) (the “NTA Rule”)
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of less than $5,000,001 or any greater net
tangible asset or cash requirement which may be contained in an agreement relating to a business combination (the “Redemption Limitation”) in order to allow us to redeem public shares irrespective of whether such redemption would exceed the Redemption
Limitation (the “Redemption Limitation Amendment Proposal,” and together with the Extension Amendment Proposal
and the Liquidation Amendment Proposal, the “M&A Amendment Proposals”); and

(v) Proposal 5 —
A proposal to approve by ordinary resolution the adjournment of the Meeting to a later date or dates, if necessary, to permit further
solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of
any of the foregoing proposals (the “Adjournment Proposal”).

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Why is the Company proposing the M&A Amendment Proposals?

The Company’s current
M&A provide that the Company has until December 15, 2025 (the date which is 48 months after the consummation of the IPO) to complete
the initial business combination. If the M&A Amendment Proposals (which are conditioned on each other) are approved and implemented,
the Termination Date will be extended as far as March 16, 2026 (or such earlier date as determined by the Company’s board of
directors in its sole discretion). If these proposals are approved and implemented, our Board may elect, in its sole discretion, to wind
up our operations on any date following the adoption of the M&A Amendments, in which case we will liquidate the Trust Account to redeem
all Public Shares and thereafter liquidate and dissolve in accordance with law. Our Board believes that it is in the best interests of
our shareholders to provide for the Extension and incremental flexibility. The purpose of the M&A Amendment Proposals and, if necessary,
the Adjournment Proposal, is to allow the Company additional time to complete the Business Combination.

While the Company is using
its best efforts to complete the Business Combination as soon as practicable, the Board believes that there may not be sufficient time
before the Termination Date to complete the Business Combination. Accordingly, the Board believes that in order to be able to consummate
the Business Combination,