Company: IXHL
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001213900-25-024754
Chunk: 21

Company: Incannex Healthcare Inc.
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 21
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 Price”
means (i) prior to the Warrant Stockholder Approval, a price equal to the “Nasdaq Minimum Price” on the trading immediately preceding
execution of the Purchase Agreement, as defined in Nasdaq Listing Rule 5635(d)(1)(A), or $1.08 per share, or (ii) following approval of
the Warrant Stockholder Approval, a price equal to twenty percent (20%) of the Nasdaq Minimum Price on the trading day immediately preceding
execution of the Purchase Agreement, as defined in Nasdaq Listing Rule 5635(d)(1)(A), or $0.216 per share. The Floor Price will be appropriately
adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction.

“Release
Date” means the later of (x) the earlier of (i) the effective date of the registration statement registering all of the securities
sold in the Private Placement or (ii) the date that the securities sold in the Private Placement can be sold, assigned or transferred
without restriction or limitation pursuant to Rule 144 or Rule 144A promulgated under the Securities Act of 1933 and (y) the date that
the Company obtains the Warrant Stockholder Approval.

Warrant Stockholder Approval.Under
Nasdaq listing rules, the Series A Warrants may not be exercised unless and until we obtain the approval of our stockholders. Pursuant
to the terms of the Series A Warrants, we agreed that if we fail to obtain the full Warrant Stockholder Approval we will seek the Warrant
Stockholder Approval every 60 days following such a failure (and following any such future failure) until the Warrant Stockholder Approval
is obtained.

Transferability.Subject
to applicable laws, the Warrants may be offered for sale, sold, transferred or assigned without our consent.

Exchange Listing. We
do not intend to apply for the listing of the Warrants on any stock exchange. Without an active trading market, the liquidity of the Warrants
will be limited.

Rights as a Stockholder.
Except as described above or by virtue of a holder’s ownership of shares of our common stock, the holder of a Warrant does not have
the rights or privileges of a holder of our shares of common stock, including any voting rights, until the holder exercises the Warrant.

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Fundamental Transaction.
In the event of a fundamental transaction, as described in the Warrants, and