Integrated Wellness (WEL.U) Prices $100M IPO


Integrated Wellness (WEL.U) Prices $100M IPO

Integrated Wellness Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the NYSE under the symbol “WEL.U” Thursday, December 9.

The new SPAC intends to focus on businesses in the health, nutrition, fitness, wellness and beauty sectors and the products, devices, applications and technology driving growth within these verticals. Integrated Wellness is led by Chief Executive Officer Steven Schapera, Chairman of the Board Antonio Varano Della Vergiliana, Chief Financial Officer James MacPherson, and Chief Operating Officer Robert Quandt.

Total SPAC deal count for 2021 year-to-date is now 576. This offering is expected to close on Monday, December 13.

BTIG, LLC is acting as the sole bookrunner for the offering. I-Bankers Securities, Inc. is acting as co-manager for the offering.  Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Katten Muchin Rosenman LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.