---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-068742"
form_type: "8-K"
ticker: "WELNF"
cik: "0001877557"
company_name: "Integrated Wellness Acquisition Corp"
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:21:23.476994+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-068742
- form_type: 8-K
- ticker: WELNF
- cik: 0001877557
- company_name: Integrated Wellness Acquisition Corp
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877557/000110465924068742/0001104659-24-068742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877557/000110465924068742/tm2416446d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-068742
- JSON: https://secwatch.observer/filing/0001104659-24-068742.json
- Plain text: https://secwatch.observer/filing/0001104659-24-068742.txt

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