Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 12

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 12
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 Date to complete the
Business Combination. Accordingly, the Board believes that in order to be able to consummate the Business Combination, the Company will
need to obtain approval for the Extension. Without the Extension, the Board believes that there is significant risk that the Company might
not, despite its best efforts, be able to complete the Business Combination on or before the Termination Date. If that were to occur,
the Company would be precluded from completing the Btab Business Combination or another Business Combination and would be forced to liquidate
even if the Company’s shareholders are otherwise in favor of consummating such transaction.

Therefore, the Board has
determined that it is in the best interests of the Company’s shareholders to extend the date by which the Company has to consummate
the Business Combination to the Extended Date in order that the Company’s shareholders have the opportunity to participate in its
future investment.

The Company will hold a separate
general meeting of its shareholders on December 8, 2025 to approve the Business Combination (the “Business Combination Meeting”).
If the shareholders of the Company approve the Business Combination at the Business Combination Meeting and the other conditions
to the Business Combination are then satisfied or will be satisfied or waived on or before the Termination Date, then the Company intends
to use its best efforts to complete the Business Combination on or before the Termination Date. The Company will cancel the Meeting and
will not implement the Extension if it is able to complete the Business Combination prior to the Meeting. The Company intends to hold
the Meeting to approve all above mentioned proposals, including the Extension Amendment Proposal, and file the proposed amendment to its
M&A only if it has determined that it will not be able to complete the Business Combination on or before the Termination Date. If
the Company does not implement the Extension, it will not redeem any public shares submitted for redemption solely in connection with
the Meeting (but will redeem all public shares submitted for redemption in connection with the Business Combination Meeting).

If the M&A Amendment
Proposals are approved and implemented, the Company intends to complete the Business Combination as soon as possible and in any event
on or before the Extended Date. The Board will have the flexibility to liquidate the Trust Account to redeem all Public Shares on a specified
date following the adoption of the M&A Amendments at any time before or after the current Termination Date, and prior to the end of
the Extension Period. Notwithstanding shareholder approval of the M&A Amendments, our Board will retain the