WEL announces definitive merger with Refreshing USA valued at $160M plus $40M earnout

Integrated Wellness Acquisition Corp

Definitive agreement with Refreshing USA; closing consideration $160M in Pubco common stock.
Up to $40M additional earnout shares contingent on performance after closing.
SPAC will redomicile from Cayman Islands to Delaware prior to transaction close.
After closing, Integrated Wellness and Refreshing will be wholly-owned subsidiaries of Pubco (IWAC Holdings Inc.).
Transaction expected to close subject to shareholder approval, regulatory clearances, and other conditions.

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