WEL - Integrated Wellness Acquisition Corp Announces Termination of Merger Agreement | Benzinga
NEW YORK, NY, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Integrated Wellness Acquisition Corp (NYSE:WEL) (the "Company") announced that it notified Refreshing USA, LLC, that the Company had elected to terminate the Agreement and Plan of Merger among the parties, dated as of February 10, 2023 (the "Merger Agreement"), effective immediately, pursuant to Section 8.1(b) thereof, since the conditions to the closing of the initial business combination were not satisfied or waived by the outside date of July 31, 2023 (the "Termination"). As a result, the Merger Agreement is of no further force and effect, with the exception of certain specified provisions in the Merger Agreement, which shall survive the Termination ...