Integrated Wellness Acquisition Corp Announces Termination Of Merger Agreement
Portfolio Pulse from Benzinga Newsdesk
Integrated Wellness Acquisition Corp (NYSE:WEL) has terminated its merger agreement with Refreshing USA, LLC, effective immediately. The termination was due to the conditions for the initial business combination not being met or waived by the outside date of July 31, 2023. The company and its sponsor are now seeking alternative ways to complete an initial business combination.
September 27, 2023 | 12:27 pm
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The termination of the merger agreement with Refreshing USA, LLC, could potentially impact the stock price of Integrated Wellness Acquisition Corp (NYSE:WEL) in the short term.
The termination of a merger agreement often leads to uncertainty among investors, which can negatively impact the stock price in the short term. However, the company's intention to seek alternative ways for an initial business combination might mitigate this impact.
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