Company: IXHL
Filing Date: 2025-04-28
Form Type: 424B3
Source: 0001213900-25-036065
Chunk: 33

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-28
Form: 424B3
Chunk 33
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 (i) 629,015 shares of Common Stock underlying the Pre-Funded Warrants held by District 2 and (ii) 1,929,015 shares         
 of Common Stock (subject to the adjustment and zero exercise price provisions of the Series A Warrants) underlying the Series A Warrants    
 held by District 2, the exercise of which are subject to receipt of the Stockholder Approval and certain beneficial ownership limitations.  
 47,149,103 shares of Common Stock issuable upon the exercise of the Series A Warrants held by District 2 are not registered for resale      
 in this prospectus because these shares are subject to Stockholder Approval. Michael Bigger, Managing Member of the general partner of      
 District 2, has sole voting and dispositive power over the shares of our Common Stock held by, or issuable to, District 2. The principal    
 business address of District 2 is 14 Wall St., 2nd Fl., Huntington, NY 11743. Mr. Bigger disclaims beneficial ownership in such securities, 
 except for his pecuniary interest therein.                                                                                                  |

| (11) | The shares reported under “Beneficially Ownership Prior to this                                                                            
 Offering” consist of (i) 1,929,015 shares of Common Stock purchased in the Private Placement by Great Point Capital, LLC (“Great           
 Point”) and excludes 1,929,015 shares of Common Stock (subject to the adjustment and zero exercise price provisions of the Series          
 A Warrants) underlying the Series A Warrants held by Great Point, the exercise of which are subject to receipt of the Stockholder Approval 
 and certain beneficial ownership limitations. 47,149,103 shares of Common Stock issuable upon the exercise of the Series A Warrants held   
 by Great Point are not registered for resale in this prospectus because these shares are subject to Stockholder Approval. Dan Dimiero      
 is the Manager of Great Point and may be deemed to beneficially own the securities held by it. The principal address of Great Point is     
 200 West Jackson, Ste 1000, Chicago, IL 60606.                                                                                             |

<div align='center'>13

DESCRIPTION OF CAPITAL STOCK</div>

General

The following description
summarizes some of the terms of capital stock. Because it is only a summary, it does not contain all the information that may be important
to you and is subject to and qualified in its entirety by reference to our Certificate of Incorporation and amended and restated