IWAC Holding Company Reports $5,200 Net Loss in First Financial Results

IWAC Holding Company Inc. reported a net loss of $5,200 for the three months ended March 31, 2026, marking its first financial results since its inception in August 2024. The company, which has not yet commenced operations or generated revenue, incurred general and administrative expenses primarily related to professional fees and compliance costs. This loss contrasts with no reported losses for the same period in 2025, reflecting the company's initial operational costs as it prepares for a proposed business combination with Btab Ecommerce Group, Inc.

As of March 31, 2026, IWAC Holding Company had total assets of $300,000, unchanged from the previous fiscal period. The company reported current liabilities of $72,531, an increase from $67,331 as of December 31, 2025, primarily due to amounts due to related parties. The accumulated deficit rose to $72,531, up from $67,331 at the end of the previous fiscal year, indicating the ongoing financial challenges faced by the company as it navigates its early stages.

Strategically, IWAC Holding Company is focused on completing its business combination with Btab, which has been extended to September 16, 2026, following shareholder approval. This extension provides additional time for the company to finalize the merger, which is expected to enhance its operational capabilities and market presence once completed. The company remains a wholly owned subsidiary of Integrated Wellness Acquisition Corp. and has not yet engaged in any revenue-generating activities.

Operationally, IWAC Holding Company has maintained a minimal cash position of $1, with a working capital deficit of $72,431 as of March 31, 2026. The company has not reported any customer counts or user statistics, as it has not yet launched any products or services. The company’s employee headcount remains at one, with all operational activities being managed by its parent company, IWAC. The lack of operational activity and revenue generation raises concerns about the company's ability to sustain itself without additional financing or support.

Looking ahead, IWAC Holding Company acknowledges significant uncertainties regarding its ability to continue as a going concern. The company relies on continued financial support from IWAC and related parties to fund its operations and pursue the proposed business combination. Management has indicated that while they are optimistic about the merger, there is no assurance that these plans will be successful, and the financial statements do not reflect any adjustments that may be necessary should the company be unable to continue operations.