Integrated Wellness Acquisition ( (WELNF) ) has released a notification of late filing.
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Integrated Wellness Acquisition Corp has announced a delay in filing its Form 10-Q (Quarter Report) for the period ending March 31, 2025. The delay is attributed to challenges in obtaining and compiling necessary information for the quarter-end reporting process, compounded by material weaknesses in internal controls related to financial statement closing processes and accounting for complex transactions. The company has indicated that it does not expect to file the report within the 5-day extension period allowed under Rule 12b-25. Financially, the company anticipates a significant change in operational results, with a reported net loss of $237,976 for the first quarter of 2025, compared to a net loss of $37,130 for the same period in 2024. These figures are still under review and may change upon final reporting. Integrated Wellness Acquisition Corp is actively working to address these issues, as noted in the notification signed by CEO and CFO Matthew Malriat.
More about Integrated Wellness Acquisition
Average Trading Volume: 45,836
Technical Sentiment Signal: Buy
Current Market Cap: $48.77M
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