Refreshing USA, an automated refreshments company, agreed to go public via a SPAC merger with Integrated Wellness Acquisition, a special purpose acquisition company, in a $198m deal. “We are delighted to partner with Integrated Wellness in this business combination, a significant milestone toward creating value for our shareholders. This merger and entry into the public markets will allow us access to a much larger pool of capital and increase our global profile. We believe that the proceeds from this Transaction will put us in a position to quickly grow in what we see as a $9.5bn industry in the US and a $57bn worldwide market that is projected to grow at a 6.7% CAGR,” Ryan Wear, Refreshing USA Founder and CEO.