Health and wellness SPAC Integrated Wellness Acquisition files for a $100 million IPO

Integrated Wellness Acquisition, a blank check company targeting the health, nutrition, fitness, wellness, and beauty sectors, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The Florida, NY-based company plans to raise $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. At the proposed deal size, Integrated Wellness Acquisition would command a market value of $125 million.

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 was founded in 2021 and plans to list on the NYSE under the symbol WEL.U. The company filed confidentially on September 3, 2021. BTIG is the sole bookrunner on the deal.