Btab Ecommerce Group (OTC: BBTT), a next-generation e-commerce company with significant social impact, marked a major milestone in its growth trajectory with the recent entry into a business combination agreement (“BCA”) with Integrated Wellness Acquisition (NYSE: WEL), a special purpose acquisition company. The transaction, which is set to close by the end of Q4 2024, values Btab at an equity value of $250 million. “Btab is dedicated to providing comprehensive e-commerce solutions tailored to the needs of small business owners. Its platforms, including Btab Commerce and Marketplace Deals, empower entrepreneurs to focus on growth without the complexities of e-commerce operations. This agreement underscores Btab’s commitment to addressing the unmet needs of the market,” a recent article reads. “It is gratifying to work with [Binson Lau, CEO of Btab] to accelerate BBTT’s growth strategy. This transaction offers our WEL investors a chance to participate in BBTT’s anticipated growth. We look forward to closing the business combination agreement,” Suren Ajjarapu, CEO of WEL, is quoted as saying.
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About Btab Ecommerce Group Inc.
Btab Ecommerce Group is an e-commerce company that operates through its network in Australia, Asia, United States and United Kingdom. It provides affordable e-commerce services and supplies technology and products to small businesses to allow them to compete in an underserved market segment. The company seeks to expand its reach into Europe and the Americas where it intends to provide small businesses with products and services generally not currently commercially available to them. The company believes the e-commerce growth in Asia alone will be significant well into the next decade and beyond as increasing numbers of internet users take advantage of online shopping and increasing spending power. For more information about the company, visit www.BtabCorp.com.
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