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Integrated Wellness Acquisition Corp. Class A ( (WEL) ) just unveiled an announcement.
Integrated Wellness Acquisition Corp received a delisting notice from the New York Stock Exchange due to failure to complete a business combination within the required timeframe. As a result, its securities will now trade on OTC Markets, and the company plans to list on Nasdaq. The delisting does not impact its operations or reporting obligations. Additionally, Suren Ajjarapu resigned as CEO, with Matthew Malriat stepping in as the new CEO. The company held a shareholder meeting where proposals to extend the business combination deadline and allow potential liquidation were approved, alongside the ratification of its auditing firm.
More about Integrated Wellness Acquisition Corp. Class A
Integrated Wellness Acquisition Corp, a Cayman Islands exempted company, was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination.
YTD Price Performance: 7.84%
Average Trading Volume: 24,907
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $86.27M
See more insights into WEL stock on TipRanks’ Stock Analysis page.
