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Integrated Wellness Acquisition Corp. and Btab Ecommerce Group, Inc. Announce Filing of Registration Statement on Form S-4 with the SEC
Globenewswireยท2025-08-04 12:30

Company Overview - Integrated Wellness Acquisition Corp (WEL) is a publicly traded special purpose acquisition company focused on mergers and acquisitions in the health, nutrition, fitness, wellness, and beauty sectors [3] - Btab Ecommerce Group, Inc. (Btab) operates in the e-commerce sector, providing technology and products to small businesses across Australia, Asia, the United States, and the United Kingdom [4] Business Combination Announcement - WEL and Btab announced the public filing of a registration statement on Form S-4 with the SEC, marking a significant milestone in their proposed business combination [1][2] - The filing aims to facilitate Btab's transition to a national securities exchange, such as Nasdaq or NYSE, pending regulatory approvals [2] Strategic Goals - Btab's CEO, Binson Lau, emphasized the goal of expanding Btab's platform to empower small businesses through technology-driven commerce [2] - Btab aims to expand its reach into Europe and the Americas, capitalizing on the anticipated substantial growth of e-commerce in Asia driven by increasing internet adoption and rising spending power [4] Regulatory Process - The completion of the proposed transaction is subject to regulatory approval, WEL's shareholder approval, and other customary closing conditions [2] - The Registration Statement includes a prospectus for Pubco's securities and a proxy statement for WEL's shareholders, which will be mailed once declared effective by the SEC [5][6] Future Outlook - The anticipated benefits of the business combination include enhanced market opportunities for Btab and improved access to capital for growth initiatives [9] - Btab's growth strategies may be influenced by various factors, including competition, market conditions, and the ability to manage growth effectively [10]