Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 180

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 180
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AC’s indemnity of the underwriter of the IPO against certain liabilities, including liabilities under the Securities Act. Because we are a blank check company, rather than an operating company, and our operations will be limited to searching for prospective target businesses to acquire, the only third parties we currently expect to engage would be vendors such as lawyers, investment bankers, computer or information and technical services providers or prospective target businesses. Moreover, in the event that an executed waiver is deemed to be unenforceable

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against a third party, the Current Sponsor will not be responsible to the extent of any liability for such third-party claims. We have not independently verified whether the Current Sponsor has sufficient funds to satisfy their indemnity obligations and believe that the Sponsor’s only assets are securities of our company; therefore, the Current Sponsor may not be able to satisfy those obligations. We have not asked the Current Sponsor to reserve for such obligations.

Therefore, IWAC cannot assure you that the Current Sponsor would be able to comply with those obligations. As a result, if any such claims were successfully made against the Trust Account, the funds available for IWAC’s initial business combination and redemptions could be reduced to less than $10.20 per Public Share. In such event, IWAC may not be able to complete its initial business combination, and IWAC shareholders would receive such lesser amount per Public Share in connection with any redemption of their Public Shares. None of IWAC’s officers will indemnify IWAC for claims by third parties, including, without limitation, claims by vendors and prospective target businesses.

Our directors may decide not to enforce the indemnification obligations of the Current Sponsor, resulting in a reduction in the amount of funds in the Trust Account available for distribution to our Public Shareholders.

In the event that the proceeds in the Trust Account are reduced below the lesser of (i) $10.20 per share and (ii) the actual amount per share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.20 per share due to reductions in the value of the trust assets, in each case less taxes payable, and the Current Sponsor asserts that it is unable to satisfy its obligations or that it has no indemnification obligations related to a particular claim, our independent directors would determine whether to take legal action against the Current Sponsor to enforce its indemnification obligations. While we currently expect that our independent directors would take legal action on our behalf against the Current