# Integrated Wellness Acquisition Corp

Integrated Wellness Acquisition Corp is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** iwacspac.com

## Regulatory record

- **Reports private funds:** No

## About

Integrated Wellness Acquisition Corp. is a Special Purpose Acquisition Company listed on the NYSE under the ticker symbol WELU. It was formed to facilitate a merger.

## Sectors

- Digital Health
- Healthcare Services
- Wellness

## People

- Steven Schapera — Chief Executive Officer
- Hadrien Forterre — Chief Financial Officer

## Questions

### Who makes the final investment decision at Integrated Wellness Acquisition Corp?

Steven Schapera, as CEO and Chairman, leads the sponsor team and holds ultimate authority over target selection and merger execution. Hadrien Forterre, the CFO, oversees financial due diligence and structuring. Because the firm is a blank-check company with no operating history, all material decisions are also subject to shareholder approval at a merger vote.

### What types of companies is the SPAC targeting?

The firm is focused on the health, wellness, and beauty sectors, with a stated interest in businesses operating in digital health, personalized nutrition, functional medicine, fitness technology, and clean beauty. The target should have a defensible brand, scalable operations, and a path to public-market growth, per the firm's registration statement filed with the SEC in 2021.

### What experience does Steven Schapera bring to a consumer wellness acquisition?

Schapera founded BECCA Cosmetics, a prestige beauty brand, and oversaw its growth before its acquisition by The Estée Lauder Companies. This operating track record provides direct experience in scaling a brand within the broader health-and-beauty value chain, from product development through distribution to a successful exit (per SEC filing, 2021).

### Has Integrated Wellness disclosed any potential target companies?

As of mid-2024, the firm has not publicly announced a definitive merger agreement with any target. SEC filings and public statements have been limited to procedural extensions without naming any specific operating businesses under consideration.

### Where did the team work before launching this SPAC?

Steven Schapera was previously the founder and CEO of BECCA Cosmetics and also led the venture-backed beauty technology platform Perfect365. Hadrien Forterre held positions in investment banking and was a managing director at a private equity firm focused on consumer and retail investments, according to biographical information in the firm's registration statement.

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Last updated: 2026-06-03T20:00:00.000Z

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