Btab Ecommerce Group Signs LOI to Merge with Integrated Wellness Acquisition Corp [Financial Post (Toronto, Ontario, Canada)]
Integrated Wellness Acquisition Corp Class A Ordinary Shares (WEL)
Company Research
Source: Financial Post
the “Company”), and Integrated Wellness Acquisition Corp, a special purpose acquisition company (NYSE: WEL) (“WEL” or “Integrated Wellness”), today announced that they have entered into a Letter of Intent (the “LOI”) providing for a proposed business combination (the “Transaction”) that will result in BTAB acquiring control of WEL. The Transaction values BTAB at an initial enterprise value of U.S. $250 million. Article content Under the terms of the LOI, subject to negotiation and signing a definitive agreement, WEL will issue both common and preferred shares in exchange for the shares in BTAB. Article content BTAB is an e-commerce company that operates through its network in Australia, Asia, United States and United Kingdom, and its affiliated company is the e-commerce company, Btab Group Inc. Binson Lau, BTAB's Chief Executive Officer stated, “We are excited to announce this LOI with WEL and look forward to concluding the definitive agreement and closing the transaction as
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Sec Filings
- 4/2/24 - Form 10-K
- 4/2/24 - Form NT
- 2/22/24 - Form SC
- WEL's page on the SEC website