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Integrated Wellness Acquisition Corp. Shareholders Approve Proposed Business Combination with Btab Ecommerce Group, Inc.
Globenewswire· 2025-12-17 13:50
Core Viewpoint - Integrated Wellness Acquisition Corp (IWAC) has received shareholder approval for its business combination with Btab Ecommerce Group, Inc. (Btab), marking a significant step towards enhancing Btab's market presence and operational scale [1][4]. Group 1: Business Combination Details - The business combination is set to close after meeting customary closing conditions, including obtaining exchange listing approvals and necessary financing [2][4]. - Upon completion, the combined entity will operate as Btab Ecommerce Holdings, Inc., with new ticker symbols "BTAB" for common stock and "BTABW" for warrants [2][3]. Group 2: Shareholder Approval and Implications - A substantial majority of IWAC's Class A ordinary shares were represented at the meeting, leading to the approval of all necessary proposals for the merger [3]. - This merger is expected to significantly advance Btab's growth initiatives, including retail technology expansion and global online merchant onboarding [3][4]. Group 3: Company Profiles - Integrated Wellness Acquisition Corp (IWAC) is a special purpose acquisition company focused on opportunities in health, nutrition, fitness, wellness, and beauty sectors [5]. - Btab Ecommerce Group, Inc. is a global e-commerce and technology company that provides a comprehensive ecosystem for businesses to thrive in the digital economy, including supply chains and business services [6].