Here are the 10-Q quarterly reports from Integrated Wellness A (WELNF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WELNF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WELNF filings page.
Integrated Wellness Acquisition Corp reported a Q3 2025 net loss of $302,631, with a nine‑month 2025 net loss of $619,485. The SPAC held $15,044,640 of restricted cash and cash in its trust account as of September 30, 2025, supporting 1,185,481 Class A shares subject to redemption, while Class B shareholders bore accumulated deficits of $12,694,435.
Current liabilities totaled $8,671,752, including a $3,676,223 promissory note to Suntone and $1,790,000 in related‑party promissory notes, driving a working capital deficit of about $8.7M and raising substantial doubt about the company’s ability to continue as a going concern. The company has repeatedly extended its deadline to complete a business combination, now to December 15, 2025, after significant share redemptions that reduced the trust from an initial $117.3M to around $15.0M.
Integrated Wellness has an amended business combination agreement with Btab Ecommerce Group, Inc., targeting an implied equity value of $250,000,000 to be paid in 25,000,000 Pubco shares valued at $10.00 each. After the NYSE commenced delisting proceedings in December 2024, the company’s units, Class A shares and warrants now trade on the OTC Markets under the symbols WELUF, WELNF and WELWF.