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Stock impact report

Btab Ecommerce Group Signs Business Combination Agreement with Integrated Wellness Acquisition Corp. [Yahoo! Finance]

Integrated Wellness Acquisition Corp Class A Ordinary Shares (WEL) 
Company Research Source: Yahoo! Finance
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 definitive business combination agreement (the "BCA") providing for a business combination between WEL and BBTT (the "Transaction"). Upon completion of the Transaction, WEL will be renamed Btab Ecommerce Holdings, Inc and is expected to continue to be listed on NYSE. The Transaction values BBTT at an equity value of U.S. $250 million. Transaction Overview Under the terms of the BCA, a wholly owned subsidiary of WEL will merge with and into BBTT, with BBTT surviving the merger and becoming a wholly owned subsidiary of WEL. WEL will issue 25,000,000 shares of its common stock, with each WEL share valued at $10 per share, to the BBTT shareholders as merger consideration, in exchange for all of the issued and outstanding shares of BBTT stock. It is currently anticipated that the transaction will clos Show less Read more
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