Btab Ecommerce Group Signs LOI to Merge with Integrated Wellness Acquisition Corp
SYDNEY, Australia, Feb. 15, 2024 (GLOBE NEWSWIRE) — Btab Ecommerce Group, Inc., an e-commerce company (OTC: BBTT) (“BTAB” or 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 Letter of Intent (the “LOI”) providing for a proposed business combination (the “Transaction”) that will result in BTAB acquiring control of WEL. The Transaction values BTAB at an initial enterprise value of U.S. $250 million.
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