Company: IXHL
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001213900-25-092837
Chunk: 315

Company: Incannex Healthcare Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 315
---
, war, conflicts
(such as the current conflicts in the Middle East and the conflict between the Russian Federation and the Ukraine) acts of terrorism,
protests or other geopolitical events. Any unplanned event that results in us, or our third-party partners, being unable to fully utilize
facilities or technology may have a material and adverse effect on our ability to operate our business, conduct our research and development
activities and to generally maintain operations. We may incur substantial expenses as a result of the limited nature of our, or our third-party’s,
disaster recovery and business continuity plans. While we may maintain insurance as we deem reasonably appropriate, many of these contingencies
would likely not be covered by insurance, and we cannot assure you that the amounts of insurance coverage that we may acquire or have
acquired will be sufficient to satisfy any damages and losses. If we or our third-party partners are unable to operate, even for a short
period of time, any or all of our research and development programs may be harmed. Any business interruption may have a material and adverse
effect on our business, financial condition, results of operations and prospects.

Our existing and
any future joint ventures may limit our flexibility with jointly owned investments and we may not realize the benefits we expect from
these arrangements. We are currently party to a joint venture, and we may in the future sell or contribute additional assets or acquire,
develop or recapitalize assets to or in this joint venture or other joint ventures that we may enter.

Our participation in our
existing joint venture is, and our participation in future joint ventures may be, subject to risks, including the following:

●We share approval rights over certain major decisions affecting the ownership or operation of the joint venture and any assets owned
by the joint venture;

●We may need to contribute additional capital in order to preserve, maintain or grow the joint venture and its investments;

●Our joint venture collaborators may have economic or other business interests or goals that are inconsistent with our business interests
or goals and that could affect our ability to fully benefit from the assets owned by the joint venture;

●Our joint venture collaborators may be subject to different laws or regulations than us, which could create conflicts of interest;

●Disagreements with our joint venture investors could result in litigation or arbitration that could be expensive and distracting to
management and could delay important decisions.

Any of the foregoing risks could have a material adverse effect on
our business, financial condition and results of operations.

69

Risks Related to Intellectual Property

Our