Integrated Wellness Acquisition Corp. to Acquire 07 Trade & Services
Ticker: WELUF · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1877557
| Field | Detail |
|---|---|
| Company | Integrated Wellness Acquisition Corp (WELUF) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, definitive-agreement
TL;DR
IWAC is buying 07 Trade & Services, deal details TBD.
AI Summary
Integrated Wellness Acquisition Corp. announced on December 2, 2024, that it has entered into a definitive agreement to acquire 07 Trade & Services. The filing does not disclose the financial terms of the acquisition.
Why It Matters
This acquisition signals a strategic move by Integrated Wellness Acquisition Corp. to expand its business operations through the purchase of a new entity.
Risk Assessment
Risk Level: medium — The risk level is medium due to the lack of disclosed financial terms for the acquisition, making it difficult to assess the immediate financial impact.
Key Players & Entities
- Integrated Wellness Acquisition Corp. (company) — Registrant
- 07 Trade & Services (company) — Target company
- December 2, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the business of 07 Trade & Services?
The filing identifies 07 Trade & Services as the target company but does not provide specific details about its business operations.
What are the financial terms of the acquisition agreement?
The definitive agreement for the acquisition has been entered into, but the filing does not disclose the specific dollar amounts or financial considerations involved.
When was the definitive agreement signed?
The earliest event reported in the filing is December 2, 2024, which is the date of the report and likely the date the agreement was finalized or announced.
What is the jurisdiction of incorporation for Integrated Wellness Acquisition Corp.?
Integrated Wellness Acquisition Corp. is incorporated in the Cayman Islands.
What is the principal executive office address for Integrated Wellness Acquisition Corp.?
The principal executive offices are located at 1441 Broadway, 6th Floor, New York, NY 10018.
Filing Stats: 1,891 words · 8 min read · ~6 pages · Grade level 19.4 · Accepted 2024-12-03 11:24:50
Key Financial Figures
- $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemab
Filing Documents
- tm2429760d1_8k.htm (8-K) — 44KB
- tm2429760d1_ex99-1.htm (EX-99.1) — 18KB
- 0001104659-24-124970.txt ( ) — 293KB
- wel-20241202.xsd (EX-101.SCH) — 3KB
- wel-20241202_def.xml (EX-101.DEF) — 27KB
- wel-20241202_lab.xml (EX-101.LAB) — 36KB
- wel-20241202_pre.xml (EX-101.PRE) — 25KB
- tm2429760d1_8k_htm.xml (XML) — 6KB
01 Regulation
Item 7.01 Regulation FD Disclosure. On December 2, 2024, Integrated Wellness Acquisition Corp, a Cayman Islands exempted company with limited liability (" WEL ") and Btab Ecommerce Group, Inc. (" Btab ") jointly announced the confidential submission of a draft registration statement on Form S-4 by IWAC Holding Company Inc., a newly created holding company organized under the laws of Delaware (" Pubco ") with the U.S. Securities and Exchange Commission (" SEC ") on November 19, 2024 relating to its previously announced proposed business combination (the " Business Combination ") with Btab. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Important Information About the Business Combination and Where to Find It In connection with the Business Combination, Pubco intends to file with the SEC a Registration Statement on Form S-4, which will include a prospectus for Pubco's securities and a proxy statement for WEL's shareholders (the "Registration Statement"). The Registration Statement has not been filed with or declared effective by the SEC. Promptly after the Registration Statement is declared effective by the SEC, WEL will mail the definitive proxy statement and a proxy card to its shareholders. Investors and securityholders of WEL and other interested persons are advised to read, when available, the preliminary proxy statement to be filed with the SEC, and amendments thereto, and the definitive proxy statement in connection with WEL's solicitation of proxies for the special meeting to be held to approve the Business Combination Agreement and the Business Combination and other documents filed in connection with the proposed Business Combination because these documents will contain important information about Btab, WEL, Pubco following the consummation of the Business Combination, the Business Combination Agreement and the Business Combination. The definitive proxy statement will be mailed to WEL's shareholde
01 Financial
Item 9.01 Financial (d) Exhibits. The following exhibit is furnished with this Form 8-K: Exhibit No. Description of Exhibits 99.1 Press Release dated December 2, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Integrated Wellness Acquisition Corp By: /s/ Suren Ajjarapu Name: Suren Ajjarapu Title: Chief Executive Officer Dated: December 3, 2024