Integrated Wellness Acquisition Corp. and Btab Ecommerce Group, Inc. Announce Filing of Draft Registration Statement on Form S-4 with the SEC

NEW YORK and SYDNEY, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Integrated Wellness Acquisition Corp (NYSE: WEL) (“WEL”), a publicly traded special purpose acquisition company, and Btab Ecommerce Group, Inc., (OTC: BBTT) (“Btab”), a global e-commerce and digital supply chain solutions provider, today jointly announced the confidential submission of a draft registration statement on Form S-4 by IWAC Holding Company Inc., a newly created holding company organized under the laws of Delaware (“Pubco”) with the U.S. Securities and Exchange Commission (“SEC”).

The Registration Statement relates to the proposed business combination between WEL and Btab, previously announced on May 31^st, 2024. The combined company will seek to be listed on one of the national exchanges.

Completion of the proposed transaction is subject to regulatory approval, the approval of WEL’s shareholders and other customary closing conditions.

About Integrated Wellness Acquisition Corp: Integrated Wellness Acquisition Corp (NYSE: WEL) is a special purpose acquisition company listed on the New York Stock Exchange. Formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination, WEL focuses on opportunities in the health, nutrition, fitness, wellness, and beauty sectors, particularly products, devices, applications, and technology driving growth within these fields.

About Btab Ecommerce Group, Inc.: Btab Ecommerce Group (OTC: BBTT) is an e-commerce company operating in Australia, Asia, the United States, and the United Kingdom. Btab provides affordable e-commerce services and supplies technology and products to small businesses, empowering them to compete in underserved market segments. Btab aims to expand its reach into Europe and the Americas, providing small businesses with access to products and services typically unavailable to them. Btab believes that e-commerce growth in Asia will be substantial well into the next decade, driven by increasing internet adoption and rising spending power. For additional information, visit https://btabcorp.com.

Important Information About the Business Combination and Where to Find It

In connection with the Business Combination, Pubco intends to file with the SEC a Registration Statement on Form S-4, which will include a prospectus for Pubco’s securities and a proxy statement for WEL’s shareholders (the “Registration Statement”). The Registration Statement has not been filed with or declared effective by the SEC. Promptly after the Registration Statement is declared effective by the SEC, WEL will mail the definitive proxy statement and a proxy card to its shareholders. Investors and securityholders of WEL and other interested persons are advised to read, when available, the preliminary proxy statement to be filed with the SEC, and amendments thereto, and the definitive proxy statement in connection with WEL’s solicitation of proxies for the special meeting to be held to approve the Business Combination Agreement and the Business Combination and other documents filed in connection with the proposed Business Combination because these documents will contain important information about Btab, WEL, Pubco following the consummation of the Business Combination, the Business Combination Agreement and the Business Combination. The definitive proxy statement will be mailed to WEL’s shareholders as of a record date to be established in the future for voting on the Business Combination Agreement and the Business Combination. The Registration Statement, including the definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the Business Combination (when they become available), and any other documents filed by WEL with the SEC, may be obtained free of charge at the SEC's website (www.sec.gov) or by writing to: Integrated Wellness Acquisition Corp, 1441 Broadway, 6th Floor New York, NY 10018, Attention: Mr. Matthew Malriat.