Company: IXHL
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029414
Chunk: 23

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 23
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 directors. You should not rely on an investment in our company if you require dividend income from your investment
in our company. The success of your investment will likely depend entirely upon any future appreciation of the market price of our capital
stock, which is uncertain and unpredictable. There is no guarantee that our capital stock will appreciate in value or even maintain the
price at which you purchased your shares.

<div align='center'>S-10

CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>

This prospectus supplement,
the accompanying prospectus and the documents that we incorporate by reference herein and therein, contain “forward-looking statements”
within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements relate to future events
or to our future operating or financial performance and involve known and unknown risks, uncertainties and other factors which may cause
our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed
or implied by the forward-looking statements.

In some cases, you can identify
forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,”
“expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,”
“predicts,” “potential” and similar expressions intended to identify forward-looking statements. These statements
reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. As such,
our actual results may differ significantly from those expressed in any forward-looking statements. Given these uncertainties, you should
not place undue reliance on these forward-looking statements. In addition, statements that “we believe” and similar statements
reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date they
were made, and while we believe such information formed a reasonable basis for such statements, such information may be limited or incomplete,
and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available
relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

We discuss many of these
risks in greater detail under “Risk Factors” in this prospectus supplement and the accompanying prospectus and in the “Risk
Factors,” “Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
sections incorporated by reference from our most