Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 947

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 947
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 (1) Purchaser Warrant in accordance with the terms of the applicable Purchaser Unit, which underlying Purchaser Securities shall be converted in accordance with the applicable terms of the Business Combination Agreement.

iii.

At the Purchaser Merger Effective Time, each issued and outstanding Purchaser Share (except those shares held as treasury stock) shall be converted automatically into and thereafter represent the right to receive one Pubco Class A Common Share, following which, all Purchaser Shares shall cease to be outstanding and shall automatically be canceled and shall cease to exist.

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c)

Company Merger:

i.

On the terms and subject to the conditions set forth in the Business Combination Agreement and in accordance with the Georgia Business Corporation Code (“GBCC”), on the Closing Date promptly following the Purchaser Merger at the effective time of the Company Merger (the “Company Merger Effective Time”), Company Merger Sub shall merge with and into the Company. Following the Company Merger, the separate existence of Company Merger Sub shall cease and the Company shall continue its existence under the GBCC as the surviving company in the Company Merger and a wholly owned Subsidiary of Pubco.

ii.

At the Company Merger Effective Time, by virtue of the Company Merger and without any action on the part of any Party or any other Person, (A) each Company Class A Common Share issued and outstanding as of immediately prior to the Company Merger Effective Time, shall be automatically canceled and extinguished and converted into the right to receive a number of Pubco Class A Common Shares equal to its pro rata Share of 24,900,000 Pubco Common Shares, and (B) each of the 100,000 Company Class V Shares (which are super voting shares of the Company) issued and outstanding as of immediately prior to the Company Merger Effective Time, shall be automatically canceled and extinguished and converted into the right to receive Pubco Class V Shares on a one-for one basis.

In connection with this Opinion, we have made such reviews, analyses and inquiries as we have deemed necessary and appropriate under the circumstances. Among other things, we have reviewed:

1)

the Amended and Restated Business Combination Agreement, dated August [12], 2024 (“Business Combination Agreement”) by and among Integrated Wellness Acquisition Corp., IWAC Holding Company Inc., IWAC Purchaser Merger Sub II Inc., IWAC Company Merger Sub Inc., BTAB Ecommerce Group, Inc