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

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 17
---
arrants, was placed in a Trust Account maintained by Continental Stock Transfer &
Trust Company, acting as trustee.

On March 14, 2023, the
Company announced that IWH Sponsor LP, a Delaware limited partnership, the Company’s prior sponsor, had exercised the first of two
three-month paid extensions and deposited an aggregate of $1.15 million (representing $0.10 per public share) into the Trust Account for
its public shareholders. The deposit enabled the Company to extend the date by which the Company has to complete an initial business combination
from March 13, 2023 to June 13, 2023.

On June 2, 2023, the
Company held an extraordinary general meeting of the shareholders to approve a further extension of the date by which it had to complete
an initial business combination from June 13, 2023 to December 13, 2023 (the “June 2023 Extension”),
which extension was reflected in an amendment to the Company's amended and restated memorandum and articles of association, which was
adopted at such meeting on June 2, 2023. In connection with the approval of the extension, shareholders elected to redeem an aggregate
of 6,108,728Class A Ordinary Shares. As a result, an aggregate of approximately $64.98 million (or approximately $10.64 per share) was released from the Trust Account to pay such shareholders.

On December 11, 2023,
the Company held an extension meeting, at which its shareholders approved, among others, a proposal to extend the date by which the Company
would be required to consummate a business combination from December 13, 2023 to December 13, 2024 (or such earlier date as
determined by the Board) (the “December 2023 Extension”). In connection with this meeting, shareholders holding
an aggregate of 1,136,155public shares exercised their right to redeem such shares for a
pro rata portion of the funds in the Trust Account. As a result, approximately $12.6 million (approximately $11.09 per Public Share) was
removed from the Trust Account to pay such holders and 4,255,117 Class A Ordinary Shares were issued and outstanding. As a result
of the June 2023 Extension and December 2023 Extension, and as provided in the current M&A, the Company had until December 13,
2024 to complete its initial business combination.