Announced
Synopsis
Btab Ecommerce, an e-commerce company, went public via a SPAC merger with Integrated Wellness Acquisition, a special purpose acquisition company in a $250m deal. “We look forward to concluding the closing the transaction as soon as feasible. The planned business combination with WEL represents a significant milestone in our growth strategy. This move underscores our commitment to expanding our reach and providing even greater support to small businesses worldwide from our headquarters in Australia and by establishing an on-presence in key markets including the United States, United Kingdom, and Asia. In doing so, we aspire to mirror the success stories of global players like Shopify. With the global e-commerce market projected by some to reach $18.81tr by 2029, we aim to capitalize on this growth trajectory, particularly in underserved markets where small businesses are eager to establish an online presence," Binson Lau, BBTT Chief Executive Officer.
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