Company: IXHL
Filing Date: 2025-03-24
Form Type: S-3
Source: 0001013762-25-001587
Chunk: 18

Company: Incannex Healthcare Inc.
Filing Date: 2025-03-24
Form: S-3
Chunk 18
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 to this
prospectus are sold. The number of shares described under the column “Shares of Common Stock Beneficially Owned Before this
Offering” for each selling stockholder includes all shares of our Common Stock beneficially held by such selling stockholder
as of March 12, 2025, which includes (i) all shares of our Common Stock purchased by such selling stockholder in the Private
Placement, and (ii) all of the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants purchased by such
selling stockholder in the Private Placement, subject to the Beneficial Ownership Limitation, and excludes shares of Common Stock
issuable upon exercise of the Series A Warrants purchased by such selling stockholder in the Private Placement, the exercise of
which is subject to the Beneficial Ownership Limitation and Stockholder Approval. Because each selling stockholder may
dispose of all, none or some portion of their Shares, no estimate can be given as to the number of Shares that will be beneficially
owned by a selling stockholder upon termination of this offering.

For purposes of the table
below, however, we have assumed that after termination of this offering none of the Shares covered by this prospectus will be beneficially
owned by the selling stockholders and further assumed that the selling stockholders will not acquire beneficial ownership of any additional
Shares during the offering. In addition, the selling stockholders may have sold, transferred or otherwise disposed of, or may sell, transfer
or otherwise dispose of, at any time and from time to time, the Shares in transactions exempt from the registration requirements of the
Securities Act after the date on which the information in the table is presented. See the section titled “Plan of Distribution.”

|                                                     |     | Beneficial Ownership   
 Prior to This Offering |           |     |      |      |   |     | Number of Shares 
 Being            |            |     | Beneficial Ownership 
 After this Offering  |   |     |         |   |
| Name of Selling Stockholder (1)                     |     | Shares                 |           |     | %(2) |      |   |     | Offered (3)      |            |     | Shares (4)           |   |     | %(2)(4) |   |
| L1 Capital Global Opportunities Master Fund (5)     |     |                        | 1,929,015 |     |      | 7.00 | % |     |                  |