8-K
filed June 7, 2023, 7:59 PM ET
ticker WELNF
CIK 0001877557
other material
confidence high
sentiment negative
materiality 0.75
Integrated Wellness extends deadline to Dec 2023; $65M redeemed from trust
Integrated Wellness Acquisition Corp
- Shareholders approved extension of business combination deadline from June 13, 2023 to December 13, 2023.
- Holders of 6,108,728 public shares redeemed for $64,980,943 (approx $10.64 per share) from trust account.
- Company issued up to $960,000 promissory note to sponsor IWH Sponsor LP to fund monthly trust deposits for extension.
- Liquidation amendment approved allowing board to wind up operations earlier than December 13, 2023.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Integrated Wellness Acquisition Corp: Amended charter to permit Board to elect to wind up operations before December 13, 2023 (effective 2023-06-05).
- Change
- charter amendment
- Effective
- 2023-06-05
Exact text from the filing
(b) a proposal to amend by special resolution the Company’s amended and restated memorandum and articles of association to permit the Board, in its sole discretion, to elect to wind up the Company’s operations on an earlier date than December 13, 2023
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Integrated Wellness Acquisition Corp: Amended charter to extend business combination deadline from June 13, 2023 to December 13, 2023 (effective 2023-06-05).
- Change
- charter amendment
- Effective
- 2023-06-05
Exact text from the filing
(a) a proposal to amend by special resolution the Company’s amended and restated memorandum and articles of association (the “ Charter Amendment ”) to extend the date by which the Company has to consummate an initial business combination from June 13, 2023 to December 13, 2023
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Integrated Wellness Acquisition Corp entered into Note with IWH Sponsor LP valued at up to $960,000 (effective 2023-06-07).
- Action
- entry
- Counterparty
- IWH Sponsor LP
- Value
- up to $960,000
- Effective
- 2023-06-07
Exact text from the filing
On June 7, 2023, Integrated Wellness Acquisition Corp (the “ Company ”) issued a promissory note (the “ Note ”) in the aggregate principal amount of up to $960,000 (the “ Extension Funds ”) to IWH Sponsor LP, a Delaware limited partnership, the Company’s sponsor (the “ Sponsor ”)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Integrated Wellness Acquisition Corp shareholders approved Liquidation Amendment Proposal to permit the Board to elect to wind up the Company's operations on an earlier date than December 13, 2023 at the 2023-06-02 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
2. Liquidation Amendment Proposal For Against Abstain 12,119,286 251,055 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Integrated Wellness Acquisition Corp shareholders approved Extension Amendment Proposal to extend the date by which the Company has to consummate an initial business combination from June 13, 2023 to December 13, 2023 at the 2023-06-02 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
1. Extension Amendment Proposal For Against Abstain 12,119,286 251,055 0
View on SEC.gov
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