M&A
confidence high
sentiment neutral
materiality 0.75
IWAC amends business combination agreement with Btab Ecommerce, valued at $250M
Integrated Wellness Acquisition Corp
- Agreement restructured: two-step merger via Pubco (IWAC Holding Company Inc.); Pubco to rename to Btab Ecommerce Holdings, Inc.
- Consideration: 25M Pubco shares at $10.00 each, total $250M equity value to Btab shareholders.
- Btab CEO Binson Lau to receive 100,000 Class V super-voting shares in exchange for preferred and common shares.
- Closing conditions include IWAC shareholder approval, minimum $5M net tangible assets, NYSE listing of Pubco shares.
- Termination rights: mutual consent, breach, failure to close by IWAC's deadline, or failure to obtain Btab shareholder consent.