SCHEDULE: Integrated Wellness: Westchester, Virtus Divest Stake

Westchester Capital Management and Virtus Investment Advisers report 0% beneficial ownership in Integrated Wellness Acquisition Corp.

Summary

• Westchester Capital Management, LLC and Virtus Investment Advisers, LLC filed an Amendment No. 1 to Schedule 13G.
• The filing indicates that both entities beneficially own 0 shares of Integrated Wellness Acquisition Corp's Class A ordinary shares.
• This represents 0% of the outstanding Class A ordinary shares.
• The event requiring this filing occurred on December 31, 2025.
• The total outstanding shares of Integrated Wellness Acquisition Corp were 75,891 as of December 12, 2025, as reported in the Issuer's Current Report on Form 8-K filed on December 18, 2025.
• Virtus Investment Advisers, LLC serves as the investment adviser to The Merger Fund, The Merger Fund VL, and Virtus Westchester Credit Event Fund.
• Westchester Capital Management, LLC serves as sub-advisor to these funds and others, including Principal Funds, Inc Global Multi-Strategy Fund and JNL Multi-Manager Alternative Fund.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a negative signal, as the complete divestment by significant institutional investors like Westchester Capital Management and Virtus Investment Advisers could indicate a lack of confidence or the conclusion of their investment thesis, potentially impacting investor sentiment.

Negatives

• Westchester Capital Management, LLC and Virtus Investment Advisers, LLC, previously significant holders, now report 0% beneficial ownership.
• This indicates a complete divestment of their stake in Integrated Wellness Acquisition Corp.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that institutional investors like Westchester Capital Management and Virtus Investment Advisers frequently adjust their holdings based on their investment strategies, particularly in SPACs or companies undergoing significant transitions. A complete divestment by such entities can signal a shift in their outlook on the company's prospects or the completion of a specific investment thesis, such as a merger arbitrage strategy.

Stakeholder Impact

• Shareholders may view the complete divestment by these institutional investors as a negative signal, potentially leading to decreased investor confidence and downward pressure on the stock price.

Key Dates

Recommendation

The complete divestment by significant institutional investors like Westchester Capital Management and Virtus Investment Advisers, as indicated by their 0% beneficial ownership, suggests a loss of confidence or the conclusion of their investment strategy. This action by sophisticated investors often precedes or accompanies negative price movements, making a 'sell' recommendation prudent for existing holders to mitigate potential downside risk.

Keywords

Integrated Wellness Acquisition Corp, Westchester Capital Management, Virtus Investment Advisers, Schedule 13G, beneficial ownership, divestment, Class A ordinary shares, investment adviser, SPAC