secwatch.observer — SEC 8-K summary
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Issuer:     Integrated Wellness Acquisition Corp (WELNF)
CIK:        0001877557
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001193125-21-361117
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877557/000119312521361117/0001193125-21-361117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877557/000119312521361117/d253123d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-361117

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