Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 202

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 202
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tab and IWAC included elsewhere in this joint proxy statement/information statement/prospectus.

The unaudited pro forma condensed combined financial information presents two redemption scenarios as follows:

**•

Assuming No Redemptions Into Cash Scenario: This scenario, which we refer to as the “No Redemption Scenario” assumes that no IWAC Public Shareholders exercise their right to have their IWAC Class A ordinary shares subject to possible redemption redeemed for their pro rata share of the Trust Account.

•

Assuming Maximum Redemption Into Cash Scenario: This scenario, which we refer to as the “Maximum Redemption Scenario” assumes that all of the 1,185,481 IWAC Class A ordinary shares subject to possible redemption are redeemed for cash, resulting in an aggregate cash payment of approximately $15.2 million out of the Trust Account based on an assumed redemption price of $12.81 per share. This scenario assumes the merger vote eliminates the $5,000,001 net tangible asset requirement specified in the Amended and Restated Business Combination Agreement immediately after the Effective Time. Should the NTA Proposal not be approved, IWAC would not be permitted to proceed with the Business Combination.**

The unaudited pro forma condensed combined financial information are for illustrative purposes only and are not necessarily indicative of what the actual results of operations and financial position would have been had the Business Combination and the Material Events taken place on the dates indicated, nor are they indicative of the future consolidated results of operations or financial position of Pubco. The unaudited pro forma adjustments are based on information currently available, and assumptions and estimates underlying the unaudited pro forma adjustments are described in the accompanying Notes to the Unaudited Pro Forma Condensed Combined Financial Information. If the actual facts are different than these assumptions, then the amounts and shares outstanding in the unaudited pro forma condensed combined financial information that follows will be different, and those changes could be material.

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TABLE OF CONTENTS

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
AS OF JUNE 30, 2025

| ​                                                | ​                             | ​ | June 30,2025 |   |        |   | ​                                             | ​ | June 30,2025 |   |            |   | ​                                     | ​ | June 30,2025 |   |            |   | ​                                 | ​ | Scenario 1Assuming No Redemptions |   |         |   |