Integrated Wellness Acquisition registered to offer 10 million units at $10 each. A unit consists of one Class A ordinary share and one-half of a warrant.
The SPAC will target businesses in the health, nutrition, fitness, wellness and beauty sectors.
DEO and Director Steven Schapera has been an operating partner with PE firm Capital D Management, whic is focused on investing in disruptive mid-market businesses, since 2018.
BTIG is sole book-runner for the offering. The underwriters have the option to purchase up to 1.5 million additional units to cover over-allotments, if any.
Integrated Wellness intends to apply for a listing on the NYSE under WEL.U. Read more.
