Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 23

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 23
---
 December 15, 2025), after taking into account various factors,
including, but not limited to, the prospect of consummating a Business Combination prior to the end of the Extension Period. Your vote
in favor of the Extension Amendment Proposal and the Liquidation Amendment Proposal are required for the Company to implement the Extension
Amendment and the Liquidation Amendment.

The Board believes that it
is in the best interests of the Company’s shareholders that the Extension be obtained so that, in the event the Business Combination
is not able to be consummated on or before the Termination Date, the Company will have additional time to consummate the Business Combination.
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.

The Board believes that given
the Company’s expenditure of time, effort and money on identifying a Business Combination, including the Btab Business Combination
or another Business Combination, circumstances warrant providing public shareholders an opportunity to consider the Business Combination.

The Company’s M&A
currently provides that if the Company’s shareholders approve an amendment to the Company’s M&A that would affect the
substance or timing of the Company’s obligation to redeem public shares if the Company does not complete its initial business combination
before December 15, 2025, the Company will provide holders of its Public Shares (“public shareholders”) with the
opportunity to redeem all or a portion of their Public Shares upon such approval (the election for such a redemption, the “Election”)
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account (including accrued interest
and less taxes paid or payable), divided by the number of then issued and outstanding Public Shares. The Company believes that this M&A
provision was included to protect the Company’s shareholders from having to sustain their investments for an unreasonably long period
if the Company failed to find a suitable business combination before the Termination Date. If you do not elect to redeem your Public Shares,
you will retain the right to vote on any proposed initial business combination in the future and the right to redeem Public Shares in
connection with such initial business combination.