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Integrated Wellness Acquisition Delays Yearly Report Filing

Story Highlights
  • Integrated Wellness Acquisition delays Form 10-K due to internal control issues.
  • Company expects to file within fifteen-day grace period, with preliminary net loss reported.
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Integrated Wellness Acquisition Delays Yearly Report Filing

Integrated Wellness Acquisition ( (WELNF) ) has released a notification of late filing.

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Integrated Wellness Acquisition Corp has filed a Form 12b-25, indicating a delay in submitting its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the need for additional time to finalize financial statements and address material weaknesses in internal controls, specifically in the financial statement close process and accounting for complex transactions. The company expects to file the report within the fifteen-day grace period allowed by the SEC. Preliminary financial results show a net loss of $100,031 for 2024, a significant change from the net income of approximately $1.49 million in 2023. These figures are still under review and may change upon final reporting. Integrated Wellness Acquisition is actively working to ensure compliance, with the notification signed by CEO Matthew Malriat.

More about Integrated Wellness Acquisition

YTD Price Performance: -0.21%

Average Trading Volume: 729

Technical Sentiment Signal: Sell

Current Market Cap: $85.38M

For a thorough assessment of WELNF stock, go to TipRanks’ Stock Analysis page.

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