---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-361117"
form_type: "8-K"
ticker: "WELNF"
cik: "0001877557"
company_name: "Integrated Wellness Acquisition Corp"
filed_at: "2021-12-17T23:59:59+00:00"
generated_at: "2026-06-28T00:16:33.061260+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Integrated Wellness Acquisition Corp closes $115M IPO; auditor flags going concern

## Summary
- Sold 11.5M units at $10.00 each; gross proceeds $115M, plus $6.85M from private placement warrants.
- $117.3M ($10.20/unit) placed in trust account; $1.78M cash held outside trust for operations.
- Auditor report raises substantial doubt about ability to continue as going concern due to insufficient working capital.
- Balance sheet as of Dec 13, 2021: $119.1M total assets, $4.1M liabilities, ($2.29M) shareholders' deficit.
- Company has 15 months (extendable to 21) to complete a business combination; no operations yet.

## SEC filing metadata
- accession: 0001193125-21-361117
- form_type: 8-K
- ticker: WELNF
- cik: 0001877557
- company_name: Integrated Wellness Acquisition Corp
- filed_at: 2021-12-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877557/000119312521361117/0001193125-21-361117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877557/000119312521361117/d253123d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-361117
- JSON: https://secwatch.observer/filing/0001193125-21-361117.json
- Plain text: https://secwatch.observer/filing/0001193125-21-361117.txt

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