Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 119

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 119
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 above better than our competitors, our operating results may be adversely affected.

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TABLE OF CONTENTS

Our operating results may fluctuate seasonally and are difficult to predict.

Fluctuations in our quarterly operating results may cause those results to fall below our financial guidance or other projections, or the expectations of analysts or investors, which could cause the price of our ordinary shares to decline. We currently do not provide quarterly financial guidance or other specific projections to the market. However, we evaluate our operating performance internally and may choose to provide such guidance in the future as our business and financial reporting practices evolve.

Our operating results are influenced by several factors, including seasonality, market trends, and customer demand, which can vary significantly between quarters. As a result, our financial performance may exhibit variability that could impact investor perceptions and the valuation of our shares.

We have incurred losses in the past, we expect to incur losses in the future, and Pubco may not be able to generate sufficient revenue to achieve and maintain profitability.

Btab has incurred losses. On December 31, 2024, and 2023 we had $5,367,830 and $8,628,160 of revenue generated and reported a net loss of $1,850,259 for the fiscal year ended December 31, 2024. We had negative working capital of $3,863,182 on December 31, 2024. As noted in our consolidated financial statements, we had an accumulated deficit of $5,113,878 as of December 31, 2024.

We expect to continue to incur significant expenses and operating losses for the foreseeable future as we seek to expand our distribution channels and increase our customer base; grow the product assortment offered by our Btab-owned brands, acquire or create additional Btab-owned brands, and hire additional employees to support our growth. We may not succeed in increasing our revenues. Any failure to increase our revenues as we implement initiatives to grow our business could prevent us from achieving profitability. We cannot be certain that we will be able to achieve profitability on a quarterly or annual basis. If we are unable to address these risks and difficulties as we encounter them, our business, financial condition and results of operations may suffer.

We have a limited operating history as a public company, which makes it difficult to forecast our revenue and evaluate our business and future prospects.

We became a public company in Q1 of 2023. As of the date of this proxy statement/information statement/prospectus