(WEL)

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”).

Btab Ecommerce Group Inc. (OTC: BBTT), a global e-commerce company, recently announced that it has inked a definitive business combination agreement (“BCA”) with Integrated Wellness Acquisition Corp. (NYSE: WEL) , a special purpose acquisition company. According to the announcement, the agreement calls for a wholly owned subsidiary of WEL to merge with BBTT, which will survive the merger, becoming a wholly owned subsidiary of WEL. After the transaction is closed, WEL will be renamed Btab Ecommerce Holdings Inc., and it is anticipated that the company will continue to be listed on NYSE.

Btab Ecommerce Group (OTC: BBTT), a next-generation e-commerce company with significant social impact, marked a major milestone in its growth trajectory with the recent entry into a business combination agreement (“BCA”) with Integrated Wellness Acquisition (NYSE: WEL) , a special purpose acquisition company. The transaction, which is set to close by the end of Q4 2024, values Btab at an equity value of $250 million. “Btab is dedicated to providing comprehensive e-commerce solutions tailored to the needs of small business owners. Its platforms, including Btab Commerce and Marketplace Deals, empower entrepreneurs to focus on growth without the complexities of e-commerce operations. This agreement underscores Btab’s commitment to addressing the unmet needs of the market,” a recent article reads. “It is gratifying to work with [Binson Lau, CEO of Btab] to accelerate BBTT’s growth strategy. This transaction offers our WEL investors a chance to participate in BBTT’s anticipated growth. We look forward to closing the business combination agreement,” Suren Ajjarapu, CEO of WEL, is quoted as saying.

Ecommerce Group (OTC: BBTT), a dynamic e-commerce support company, announces its Business Combination Agreement (“BCA”) with Integrated Wellness Acquisition (NYSE: WEL) (“WEL” or “Integrated Wellness”), a special purpose acquisition company. This pivotal agreement signifies a major milestone in Btab’s growth trajectory.

Btab Ecommerce Group Inc. (OTC: BBTT), an e-commerce company, has entered into a definitive business combination agreement (“BCA”) with Integrated Wellness Acquisition Corp. (NYSE: WEL) , a special purpose acquisition company. According to the announcement, the agreement calls for a wholly owned subsidiary of WEL to merge with BBTT, which will survive the merger, becoming a wholly owned subsidiary of WEL. After the transaction is closed, WEL will be renamed Btab Ecommerce Holdings Inc.; it is anticipated that the company will continue to be listed on NYSE. Btab offers a range of services designed to meet the diverse needs of small business owners, from product supply and sourcing to marketing and sales platforms and even logistical support. The company’s Btab diverse platform offerings include Btab Commerce, SocialSocial.Social and specialized marketplaces such as Marketplace Australia, Aussie Markets and Chemist Deals. “We look forward to concluding the closing [of] the transaction as soon as feasible,” said Btab Ecommerce Group CEO Binson Lau in the press release. “The planned business combination with WEL represents a significant milestone in our growth strategy. This move underscores our commitment to expanding our reach and providing even greater support to small businesses worldwide from our headquarters in Australia and by establishing an on-presence in key markets including the United States, United Kingdom and Asia. In doing so, we aspire to mirror the success stories of global players like Shopify. With the global e-commerce market projected by some to reach $18.81 trillion by 2029, we aim to capitalize on this growth trajectory, particularly in underserved markets where small businesses are eager to establish an online presence.”

Btab Ecommerce Group (OTC: BBTT), an ecommerce company, and Integrated Wellness Acquisition Corp (NYSE: WEL) , announced in February 2024 the signing of a Letter of Intent (“LOI”) for a proposed business combination. This agreement will result in Btab acquiring control of WEL, with Btab valued at an initial enterprise value of $250 million ( https://ibn.fm/1Lqwi ).

SYDNEY, Australia, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Btab Ecommerce Group, Inc., an e-commerce company (OTC: BBTT) (“BTAB” or 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.