Integrated Wellness Acquisition net loss widens to $1 million in FY25

Integrated Wellness Acquisition posted a net loss of $1 million for FY2025, widening from a $100,031 loss a year earlier.

Interest income from the trust account fell to $452,940 from $1.97 million, while legal and accounting costs totaled $632,406.

Cash held in the trust account rose to $15.31 million at Dec. 31, 2025, following $36.72 million of redemptions.

Management flagged substantial doubt about going concern, citing expected significant costs to pursue the Btab business combination.

The deal process continued under an amended and restated agreement to combine with Btab Ecommerce Group via a two-step merger and domestication.