Company: IXHL
Filing Date: 2025-03-24
Form Type: S-3
Source: 0001013762-25-001587
Chunk: 3

Company: Incannex Healthcare Inc.
Filing Date: 2025-03-24
Form: S-3
Chunk 3
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 of the Common Stock on Nasdaq
was $0.8287 per share.

Investing in our Common Stock involves a high degree of risk. Please consider carefully the risks described in this prospectus under “Risk Factors” beginning on page 6 of this prospectus and in our filings with the Securities and Exchange Commission.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is ________, 2025

TABLE OF CONTENTS</div>

| ABOUT THIS PROSPECTUS                              | ii |
| PROSPECTUS SUMMARY                                 |  1 |
| THE OFFERING                                       |  5 |
| RISK FACTORS                                       |  6 |
| SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION |  7 |
| USE OF PROCEEDS                                    |  9 |
| SELLING STOCKHOLDERS                               | 10 |
| PLAN OF DISTRIBUTION                               | 13 |
| LEGAL MATTERS                                      | 15 |
| EXPERTS                                            | 15 |
| WHERE YOU CAN FIND MORE INFORMATION                | 15 |
| INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE    | 16 |

<div align='center'>i

ABOUT THIS PROSPECTUS</div>

This prospectus is part of
a registration statement on Form S-3 that we have filed with the Securities and Exchange Commission (the “SEC”) pursuant to
which the selling stockholders named herein may, from time to time, offer and sell or otherwise dispose of the Shares covered by this
prospectus. You should not assume that the information contained in this prospectus is accurate on any date subsequent to the date set
forth on the front cover of this prospectus or that any information we have incorporated by reference is correct on any date subsequent
to the date of the document incorporated by reference, even though this prospectus is delivered or Shares are sold or otherwise disposed
of on a later date.

This prospectus does not contain
all of the information included in the registration statement. For a more complete understanding of the offering of the Shares, you should
refer to the registration statement including the exhibits. Copies of some of the documents referred to herein have been filed, will be
filed or will be incorporated by reference as exhibits to the registration statement of which this prospectus is a part,