Integrated Wellness Acquisition in a proxy filing seeks shareholder approval to move its deadline from June until Dec. 13. This would provide more time for the SPAC to complete its acquisition of Refreshing USA, a deal announced in February at an implied pro-forma enterprise value of approximately $198 million.
A separate measure on the ballot, if approved, would allow the SPAC's board to liquidate earlier, including before the current June 13 deadline.
Refreshing USA offers vending services, primarily snacks and coffee vending machines for workplace use. Read more.