Integrated Wellness Acquisition, a blank check company targeting the health, nutrition, fitness, wellness, and beauty sectors, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by Chairman Antonio Varano Della Vergiliana, founder and Director of architectural supply company Artedomus and former Chairman of the BECCA Cosmetics group (sold to Estée Lauder), and CEO and Director Steven Schapera, an Operating Partner with private equity firm Capital D Management and co-founder of the BECCA Cosmetics group.
The company plans to target the health, nutrition, fitness, wellness, and beauty sectors and the products, devices, applications, and technology driving growth within these verticals.
Integrated Wellness Acquisition plans to list on the NYSE under the symbol WEL.U. BTIG acted as sole bookrunner on the deal.
