Company: IXHL
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001213900-25-024754
Chunk: 29

Company: Incannex Healthcare Inc.
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 29
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 cast” and will have no effect on the Charter Amendment Proposal. If the Listing Condition is not met, the Charter Amendment
Proposal must receive the affirmative vote of the holders of a majority of our issued and outstanding shares of common stock as of the
Record Date and any abstentions with respect to the Charter Amendment Proposal would have the same effect as a vote AGAINST the Charter
Amendment Proposal. Brokerage firms do not have authority to vote customers’ unvoted shares held by the firms in street name on
this proposal. As a result, any shares not voted by a customer will be treated as a broker non-vote. If the Listing Condition is met,
any broker non-votes will have no effect on the Charter Amendment Proposal. If the Listing Condition is not met, any broker non-votes
will be treated as a vote AGAINST the Charter Amendment Proposal.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE TO APPROVE THE AMENDMENT OF OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE TOTAL SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE THEREUNDER FROM 100,000,000 SHARES TO 800,000,000 SHARES. PROXIES SOLICITED BY THE BOARD WILL BE VOTED IN FAVOR OF THE PROPOSAL UNLESS A STOCKHOLDER INDICATES OTHERWISE ON ITS PROXY CARD OR VOTING INSTRUCTION FORM.

<div align='center'>16

Proposal No. 3
APPROVAL OF THE ADJOURNMENT PROPOSAL</div>

We are asking our stockholders
to vote on a proposal to approve any adjournments or postponements of the Special Meeting for the purpose of soliciting additional proxies
if there are not sufficient votes at the Special Meeting to approve Proposal Nos. 1 or 2. We currently do not intend to propose postponement
or adjournment at the Special Meeting if there are sufficient votes to approve Proposal Nos. 1 and 2. Under our Amended and Restated Bylaws,
whether or not a quorum is present, the Special Meeting may be adjourned or recessed for any or no reason from time to time by the chairman
of the Special Meeting.

Required Vote

The affirmative vote of a
majority of the shares of common stock present or represented by proxy and entitled to vote on the subject matter is required to approve
this proposal. Abstentions will count as votes AGAINST this proposal. Broker non-votes will have no effect