---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-018040"
form_type: "8-K"
ticker: "WELNF"
cik: "0001877557"
company_name: "Integrated Wellness Acquisition Corp"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:28:25.081587+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-018040
- form_type: 8-K
- ticker: WELNF
- cik: 0001877557
- company_name: Integrated Wellness Acquisition Corp
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877557/000110465923018040/0001104659-23-018040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877557/000110465923018040/tm236269d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-018040
- JSON: https://secwatch.observer/filing/0001104659-23-018040.json
- Plain text: https://secwatch.observer/filing/0001104659-23-018040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.