secwatch.observer — SEC 8-K summary
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Issuer:     Integrated Wellness Acquisition Corp (WELNF)
CIK:        0001877557
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001104659-24-129359
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 5.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE delists Integrated Wellness (WEL); 3.07M shares redeemed for $36.7M, CEO resigns, extension to Dec 2025
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- NYSE commenced delisting proceedings for failure to consummate a business combination within required time; trading suspended Dec 13, 2024.
- Shareholders approved extension of business combination deadline to Dec 15, 2025; Charter Amendment filed Dec 12, 2024.
- In connection with extension vote, holders of 3,069,636 shares redeemed for ~$36.7M ($11.96/share); 1,185,481 Class A shares remain.
- CEO Suren Ajjarapu resigned Dec 16, 2024; CFO Matthew Malriat appointed as new CEO.
- Securities to trade OTC under tickers WELUF, WELNF, WELWF; Company plans to list on Nasdaq after business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877557/000110465924129359/0001104659-24-129359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877557/000110465924129359/tm2429760d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-129359

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