---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-120433"
form_type: "8-K"
ticker: "WELNF"
cik: "0001877557"
company_name: "Integrated Wellness Acquisition Corp"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:54:03.006371+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Integrated Wellness Acquisition Corp enters sponsor handover; Sriram Associates to acquire control for $1

## Summary
- Sponsor IWH Sponsor LP to sell 2,012,500 Class B shares and 4,795,000 private placement warrants to Sriram Associates for $1.
- Acquirer assumes $160,000/month extension costs through Dec 13, 2023, plus expenses to extend SPAC deadline to Dec 13, 2024.
- Acquirer may replace current directors and officers; will use best efforts to find a business combination target.
- Closing conditions include board approval, sponsor approval, underwriter waiver, and filing of Q3 2023 Form 10-Q.
- Acquirer also assumes D&O insurance premiums, outstanding legal fees, and all existing SPAC liabilities.

## SEC filing metadata
- accession: 0001104659-23-120433
- form_type: 8-K
- ticker: WELNF
- cik: 0001877557
- company_name: Integrated Wellness Acquisition Corp
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877557/000110465923120433/0001104659-23-120433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877557/000110465923120433/tm2331312d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-120433
- JSON: https://secwatch.observer/filing/0001104659-23-120433.json
- Plain text: https://secwatch.observer/filing/0001104659-23-120433.txt

## Key facts
- Material Agreements
  Integrated Wellness Acquisition Corp entered into Purchase Agreement with IWH Sponsor LP and Sriram Associates, LLC valued at one dollar (effective 2023-11-08).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: IWH Sponsor LP and Sriram Associates, LLC
  - Value: one dollar
  - Effective: 2023-11-08
  source text: On November 8, 2023, Integrated Wellness Acquisition Corp (the “ Company ”) entered into a purchase agreement (the “ Purchase Agreement ”) with IWH Sponsor LP, a Delaware limited partnership, the Company’s current sponsor (the “ Sponsor ”) and Sriram Associates, LLC (the “ Acquirer ”), pursuant to which, the Sponsor agreed to transfer to the Acquirer (i) 2,012,500 of the Company’s Class B ordinary shares and (ii) 4,795,000 of the Company’s private placement warrants for a total purchase price of one dollar (the “ Transfer ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1877557/000110465923120433/0001104659-23-120433-index.htm

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