Wed, Jun 11, 10:02 AM (2 days ago)
**Integrated Wellness Acquisition Corp (IWAC) - Q1 2025 Financial Summary** **Ticker:** IWAC **Q1 2025 Financial Health and Performance:** - **Revenue:** $0 (no operational revenue as the company is a blank check company). - **Net Loss:** $292,501 (Q1 2024: $37,130). - **Operating Expenses:** $405,678 (Q1 2024: $560,614). - **Interest Earned:** $113,177 (Q1 2024: $523,484). - **Cash Position:** $4,218 (Q1 2024: $5,141). - **Cash in Trust Account:** $14,488,535 (Q1 2024: $14,215,318). **Key Metrics and Trends:** - **Profit Margins:** Not applicable due to lack of revenue. - **Cash Flow:** Positive cash flow from operations due to interest earned on the trust account. - **Earnings Changes:** Increased net loss compared to Q1 2024. - **Shareholder Redemptions:** $36,721,262 removed from the trust account due to shareholder redemptions in Q1 2025. **Quarterly Performance Discussion:** - IWAC continues to incur significant costs related to formation, legal, and administrative expenses. - The company has extended the deadline to complete a business combination to December 15, 2025. - Trading in IWAC's securities was suspended by the NYSE and moved to the OTC Markets. - The company faces substantial doubt about its ability to continue as a going concern. **Uncertainties and Future Operations:** - IWAC's ability to complete a business combination is uncertain. - The company may need to raise additional capital or seek loans from the sponsor or affiliates. - Geopolitical instability and economic conditions may adversely affect the company's operations. **Going Concern:** - IWAC has a working capital deficit and may need to conserve liquidity or seek additional financing. - The company's ability to continue as a going concern is uncertain due to the need for additional capital and the uncertainty of completing a business combination.