Company: IXHL
Filing Date: 2025-04-17
Form Type: PRER14A
Source: 0001213900-25-033013
Chunk: 3

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-17
Form: PRER14A
Chunk 3
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-for-50 (the      
 “Reverse Stock Split”), with the exact ratio to be set within this range by our board of directors in its sole discretion                     
 (without reducing the authorized number of shares of our common stock) and with our board of directors able to elect to abandon such proposed 
 amendment and not effect the Reverse Stock Split authorized by our stockholders in its sole discretion; and                                   |

| 5. | To approve any postponement or adjournment of the special meeting, from time to time, if necessary, to solicit additional proxies 
 if there are not sufficient votes at the time of the special meeting to adopt the proposals set forth above.                      |

WHO MAY VOTE:

You may vote if you were the record owner of Incannex
Healthcare Inc. common stock at the close of business on April 21, 2025. Notwithstanding the foregoing, the record owners of the 9,687,045
shares of common stock issued pursuant to the Securities Purchase Agreements, dated March 7, 2025, between Incannex Healthcare Inc. and
the purchasers of such shares have agreed that, pursuant to applicable rules of the Nasdaq Stock Market LLC, they are not entitled to
vote such shares with respect to Proposal No. 1.

A list of stockholders of record will be available
at the special meeting and, during the 10 days prior to the special meeting, at our principal executive offices located at Suite 105,
8 Century Circuit Norwest, NSW 2153 Australia.

All stockholders are cordially invited to attend
the special meeting. Whether you plan to attend the special meeting or not, we urge you to vote and submit your proxy by the Internet,
telephone or mail in order to ensure the presence of a quorum. You may change or revoke your proxy at any time before it is voted at the
special meeting.

| BY ORDER OF THE BOARD OF DIRECTORS |
| /s/ Joseph Swan                    |
| Joseph Swan                        |
| Secretary                          |

<div align='center'>TABLE OF CONTENTS</div>

|                                                                                                                                                       | Page |
| IMPORTANT INFORMATION ABOUT THE SPECIAL MEETING AND VOTING                                                                                            |    3 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                                                                                        |    8 |
| Proposal No. 1 APPROVAL OF THE ISSUANCE PROPOSAL                                                                                                      |   10 |
| Proposal No. 2 APPROVAL OF THE CHARTER AMENDMENT PROPOSAL                                                                                             |