Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. __)*
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Integrated Wellness Acquisition Corp
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(Name of Issuer)
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Class A ordinary shares, $0.0001 par value per share
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(Title of Class of Securities)
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G4828B100
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(CUSIP Number)
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December 31, 2023
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this schedule is filed:
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Rule 13d-1(b)
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| ☐ |
Rule 13d-1(c)
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| ☒ |
Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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1
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NAMES OF REPORTING PERSONS
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S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Westchester Capital Management, LLC
27-3790558
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
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(b) ☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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None
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;
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6
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SHARED VOTING POWER
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423,090 shares
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7
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SOLE DISPOSITIVE POWER
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None
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8
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SHARED DISPOSITIVE POWER
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423,090 shares
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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423,090 shares
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.94%*
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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* Based on 4,255,117 Shares outstanding as of December 11, 2023, as reported in the Issuer’s Form 8-K filed with the Securities and Exchange Commission on December 14, 2023.
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1
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NAMES OF REPORTING PERSONS
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S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Virtus Investment Advisers, Inc.
04-2453743
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
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(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Massachusetts
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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None
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6
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SHARED VOTING POWER
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423,090 shares
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7
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SOLE DISPOSITIVE POWER
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None
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8
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SHARED DISPOSITIVE POWER
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423,090 shares
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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423,090 shares
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.94%*
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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* Based on 4,255,117 Shares outstanding as of December 11, 2023, as reported in the Issuer’s Form 8-K filed with the Securities and Exchange Commission on December 14, 2023.
The amounts reported on this page are also included in the amounts reported by Westchester Capital Management, LLC on this Schedule 13G.
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1
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NAMES OF REPORTING PERSONS
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S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Merger Fund
14-1698547
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
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(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Massachusetts
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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None
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6
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SHARED VOTING POWER
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423,090 shares
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7
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SOLE DISPOSITIVE POWER
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None
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8
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SHARED DISPOSITIVE POWER
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423,090 shares
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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423,090 shares
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.94%*
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IV
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* Based on 4,255,117 Shares outstanding as of December 11, 2023, as reported in the Issuer’s Form 8-K filed with the Securities and Exchange Commission on December 14, 2023.
The amounts reported on this page are also included in the amounts reported by Virtus Investment Advisers, Inc. on this Schedule 13G.
| Item 1(a). |
Name of Issuer
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The name of the issuer to which this filing on Schedule 13G relates is Integrated Wellness Acquisition Corp (the “Company”).
| Item 1(b). |
Address of Issuer’s Principal Executive Offices
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The principal executive offices of the Company are located at 59 N. Main Street, Suite 1, Florida, NY 10921.
| Item 2(a). |
Name of Person Filing
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This statement is being filed jointly by the following (each, a “Reporting Person,” and collectively, the “Reporting Persons”): Westchester Capital Management, LLC (“Westchester”), a Delaware limited liability company,
Virtus Investment Advisers, Inc. (“Virtus”), a Massachusetts corporation, and The Merger Fund (“MF”), a Massachusetts business trust.
Virtus, a registered investment adviser, serves as the investment adviser to MF. Westchester, a registered investment adviser, serves as sub-advisor to MF. MF directly holds Ordinary Shares of the Company for the benefit
of the investors. Mr. Roy Behren and Mr. Michael T. Shannon each serve as Co-Presidents of Westchester.
| Item 2(b). |
Address or Principal Business Office or, if none, Residence:
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Westchester Capital Management, LLC
100 Summit Drive, Valhalla, NY 10595
Virtus Investment Advisers, Inc.
One Financial Plaza, Hartford, CT 06103
The Merger Fund
101 Munson Street, Greenfield, MA 01301-9683
| Item 2(c). |
Citizenship
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Westchester is organized under the laws of the State of Delaware. Each of Virtus and MF are organized under the laws of the State of Massachusetts.
| Item 2(d). |
Title of Class of Securities
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The class of equity securities of the Company to which this filing on Schedule 13G relates is Class A ordinary shares, $0.0001 par value per share ("Ordinary Shares").
| Item 2(e). |
CUSIP Number
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The CUSIP number of the Company’s Ordinary Shares is G4828B100.
| Item 3. |
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c).
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(c)
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☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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☒ Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C. 80a-8).
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(e)
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☒ An investment adviser in accordance with §13d-1(b)(1)(ii)(E).
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(f)
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☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
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(g)
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☐ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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(h)
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☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(i)
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☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
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(j)
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☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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☐ If this statement is filed pursuant to §240.13d-1(c), check this box.
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| Item 4. |
Ownership
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The information set forth in Rows 5 through 11 of the cover pages to this Schedule 13G is incorporated herein by reference. Virtus acts as investment adviser to MF. Westchester acts as sub-advisor to MF and may be
deemed to beneficially own shares of Ordinary Shares held by MF. Messrs. Behren and Shannon each serve as Co-Presidents of Westchester. By virtue of these relationships, Westchester and Messrs. Behren and Shannon may be deemed to beneficially own
the Ordinary Shares held by MF, however, Westchester and Messrs. Behren and Shannon disclaim beneficial ownership of such shares of Ordinary Shares, except to the extent of their pecuniary interest therein. The filing of this Statement shall not be
construed as an admission that Westchester and Messrs. Behren and Shannon are, for the purpose of Section 13(g) of the Act, the beneficial owner of such shares held by MF.
| Item 5. |
Ownership of Five Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.
| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person
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Not Applicable.
| Item 7. |
Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company:
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Not Applicable.
| Item 8. |
Identification and Classification of Members of the Group
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Not Applicable.
| Item 9. |
Notice of Dissolution of Group
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Not Applicable.
| Item 10. |
Certification
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities
solely in connection with a nomination under §240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Dated: February 14, 2024
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WESTCHESTER CAPITAL MANAGEMENT, LLC
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By:
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/s/ CaSaundra Wu | |
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Name: CaSaundra Wu
Title: CCO
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VIRTUS INVESTMENT ADVISERS, INC.
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By:
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/s/ David Fusco | |
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Name: David Fusco
Title: Chief Compliance Officer
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THE MERGER FUND
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By:
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/s/ Daphne Chisolm | |
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Name: Daphne Chisolm
Title: Vice President, Counsel and Assistant
Secretary
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Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments
thereto) with respect to the Ordinary Shares of Integrated Wellness Acquisition Corp, and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filing. In evidence thereof, the undersigned, being duly
authorized, hereby execute this Joint Filing Agreement as of February 14, 2024.
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Dated: February 14, 2024
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WESTCHESTER CAPITAL MANAGEMENT, LLC
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By:
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/s/ CaSaundra Wu | |
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Name: CaSaundra Wu
Title: CCO
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VIRTUS INVESTMENT ADVISERS, INC.
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By:
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/s/ David Fusco | |
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Name: David Fusco
Title: Chief Compliance Officer
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THE MERGER FUND
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By:
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/s/ Daphne Chisolm | |
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Name: Daphne Chisolm
Title: Vice President, Counsel and Assistant
Secretary
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