secwatch.observer — SEC 8-K summary
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Issuer:     Integrated Wellness Acquisition Corp (WELNF)
CIK:        0001877557
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0001104659-25-004098
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Integrated Wellness Acquisition Corp increases promissory note to $4M from $1.5M with sponsor
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- Amended promissory note increased to up to $4M from $1.5M, issued to sponsor Suntone Investment Pty Ltd.
- Note bears no interest, repayable upon business combination or liquidation.
- Sponsor may convert up to $1.5M of principal into ordinary shares at $1.00 per share upon business combination.
- Note amends and restates original note from December 2023 assigned to sponsor in June 2024.
- Drawdowns allowed for costs related to initial business combination and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877557/000110465925004098/0001104659-25-004098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877557/000110465925004098/tm253296d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-004098

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer