Btab Confirms Merger with IWAC Still Active Despite Delays, Outlines AI-Powered Growth Strategy
BBTT sits 94% above its 52-week low of $0.023 on light trading volume (0.4× avg).
Summary
Btab Ecommerce Group confirmed its proposed business combination with Integrated Wellness Acquisition Corp. (IWAC) remains active, though the process has taken longer than expected due to closing conditions like stock exchange review and audit requirements. The company also outlined its long-term corporate purpose, centered on empowering entrepreneurs through AI-powered commerce technology. While the delay introduces uncertainty, the reaffirmation that the merger is still on track is a key update for this small-cap company. Btab stated it will provide further updates as material developments occur.
At the time of this announcement, BBTT was trading at $0.04 on OTC in the Technology sector, with a market capitalization of approximately $31.1M. The 52-week trading range was $0.02 to $0.20. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.