IWAC (SPAC) to merge with Btab Ecommerce in $250M all-stock deal, issuing 25M shares

Integrated Wellness Acquisition Corp

IWAC (NYSE: WEL) to merge with Btab Ecommerce Enterprises; consideration $250M in 25M shares valued at $10/sh.
Post-closing, combined company to rename to Btab Ecommerce Holdings, domesticate to Delaware, and relist.
Key Btab CEO Binson Lau to exchange existing shares for 100,000 super-voting Class V shares (10K votes each).
Lock-up: Btab shareholders restricted for 180 days, with early release if IWAC stock price hits $12 for 20 of 30 days.
Sponsor and significant shareholders commit to vote in favor, waive anti-dilution, and reduce lock-up to 180 days.

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