# EDGAR Filing Document

**Accession Number:** 0002033522
**File Stem:** 0000000000-25-009021
**Filing Date:** 2025-8
**Character Count:** 5503
**Document Hash:** 8666c1950f7ee573b2c39554389a135f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-009021.hdr.sgml**: 20260312

**ACCESSION NUMBER**: 0000000000-25-009021

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250822

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IWAC Holding Co Inc.
- **CENTRAL INDEX KEY:** 0002033522
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-NONSTORE RETAILERS [5960]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 332068817
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-07409

**BUSINESS ADDRESS:**
- **STREET 1:** 1441 BROADWAY, 6TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** (917) 397-7625

**MAIL ADDRESS:**
- **STREET 1:** 1441 BROADWAY, 6TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001104659-24-093903

## Text-Extract

```

                                                            August 22, 2025

Suren Ajjarapu
Chief Executive Officer
IWAC Holding Co Inc.
59 N. Main Street
Florida, NY 10921

Binson Lau
Chief Executive Officer
Btab Ecommerce Group, Inc.
Angel Place Level 17
123 Pitt Street
Sydney, NSW 2000 Australia

       Re: IWAC Holding Co Inc.
           Registration Statement on Form S-4
           Filed July 29, 2025
           File No. 333-289035
Dear Suren Ajjarapu and Binson Lau:

       We have reviewed your registration statement and have the following
comment(s).

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Registration Statement on Form S-4 filed July 29, 2025
Proposal Two -- Domestication Proposal, page 101

1.     We note your response to prior comment 3; however it does not appear
that you have
       included the securities to be registered in connection with the
Domestication Proposal
       on the Filing Fee Table filed as Exhibit 107. Please revise.
 August 22, 2025
Page 2
Description of negotiation process with Btab, page 117

2.     We note your response to prior comment 9. Please revise the prospectus
to include
       your response, specifically that the LOI was signed before the conflict
was
       disclosed. Please provide this information in a related Question and
Answer as well.
Sponsor Handover, page 117

3.     We note your amended disclosure in response to prior comment 6. Please
revise to
       quantify the amounts discussed here.
Recommendation of the Board and Reasons for the Business Combination, page 120

4.     We note your amended disclosure in response to prior comment 10. Please
revise to
       state that Mr. Lau voted on the transaction while serving as the Chair
of the IWAC
       Board and simultaneously Chief Executive Officer of Btab.
Comparable Company Analysis, page 149

5.     We note your amended disclosure in response to prior comment 17,
including your
       references to certain schedules that The Mentor Group relied upon.
However, it does
       not appear that the content of these schedules are available in this
section or Annex G,
       which contains the Fairness Opinion of the Mentor Group. Please revise
to provide
       such schedules.
Btab's Business, page 189

6.     We note your response to prior comment 18 and we reissue our comment. We
note
       you discuss certain measures or amounts as of fiscal year 2023. For
example, on page
       189 you state "[o]ur Australia Third-Party Produced Furniture and Home
Goods
       segment, representing approximately 17% of our Fiscal 2023 net revenues,
and
       primarily consists of sales of furniture and home goods products
produced by third
       party suppliers through T E Wang Pty Ltd (   TE   )." You also discuss
certain industry
       information as of 2023 such as on page 190 you state, "[i]n 2023, Hong
Kong
       imported $24 billion in food and agricultural products, including $1.69
billion from
       the United States (USDA)." Please revise here and throughout the filing
to update for
       fiscal year 2024, as applicable.

        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.
 August 22, 2025
Page 3

       Please contact Aamira Chaudhry at 202-551-3389 or Lyn Shenk at
202-551-3380 if
you have questions regarding comments on the financial statements and related
matters. Please contact Cara Wirth at 202-551-7127 or Dietrich King at
202-551-8071 with
any other questions.

                                                         Sincerely,

                                                         Division of
Corporation Finance
                                                         Office of Trade &
Services
cc:   Jessica Yuan
      Andrew M. Tucker

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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