Integrated Wellness Acquisition Corp
WEL-UN
New York Stock Exchange11.69
USD
+0.08
- -
CIK
0001877557
Return %
Stock
S&P500
1Y
5.98
18.21
3Y
16.55
64.38
5Y
16.55
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Surendra K. Ajjarapu
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 148 North Main Street Florida NY United States of America 10921
- IPO Date
- Dec 9, 2021
- CIK
- 0001877557
- Similar Companies
- Business
- Integrated Wellness Acquisition Corp (OTC: WELNF; NYSE: WEL-UN), a blank check company incorporated in the Cayman Islands in 2021 and headquartered in Florida, New York, has no significant operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses, primarily targeting the health, nutrition, fitness, wellness and beauty sectors including related products, devices, applications and technology; it generates no core products or services beyond its standard SPAC structure of Class A ordinary shares, Class B founder shares and redeemable warrants entitling holders to purchase Class A shares at $11.50 per share. The company consummated its initial public offering in December 2021 raising $115 million in units and $6.85 million in concurrent private placement warrants to sponsor IWH Sponsor LP; in November 2023 it completed a sponsor handover transaction whereby Suntone Investment Pty Ltd, an Australian proprietary limited company affiliated with new management led by Binson Lau as Chairman, acquired 2,012,500 Class B shares and 4,795,000 private warrants for $1 while assuming extension and operational costs exceeding $2.9 million by year-end 2024. In May 2024 it signed an original business combination agreement with Btab Ecommerce Group Inc (OTC: BBTT), a global e-commerce and digital supply chain solutions provider, which was amended and restated on August 26, 2024 into a definitive agreement contemplating a $250 million equity value transaction structured through domestication to Delaware, creation of holding company IWAC Holding Company Inc (to be renamed Btab Ecommerce Holdings Inc), and dual mergers yielding 25 million new Pubco shares (24.9 million Class A and 100,000 Class V super-voting shares) to Btab shareholders; the deal includes filing of a Form S-4 registration statement/proxy on August 4, 2025, with shareholder votes scheduled for a Business Combination Meeting on December 8, 2025 and an Extension Meeting on December 12, 2025 to potentially extend the combination deadline from December 15, 2025 to March 16, 2026 amid approximately $15 million remaining in trust supporting 1.185 million redeemable shares at an estimated $12.78 per share redemption price as of November 2025, subject to SEC's 2024 SPAC Rules impacting disclosures, dilution and timelines.
Integrated Wellness Acquisition Corp Receives Delisting Notice from the New York Stock Exchange
Btab Ecommerce Group Signs Business Combination Agreement with Integrated Wellness Acquisition Corp.
Integrated Wellness Acquisition Corp Announces Termination of Merger Agreement