Company: IXHL
Filing Date: 2025-04-17
Form Type: PRER14A
Source: 0001213900-25-033013
Chunk: 33

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-17
Form: PRER14A
Chunk 33
---
 short sales of our common stock by the investors. When and if the Warrant Stockholder Approval
is obtained, significant amounts of such short selling could place further downward pressure on the market price of our common stock.

Interest of Certain Persons in Matters to Be Acted Upon

Except with respect to their continued employment
as officers or directors of the Company, no director or executive officer has any substantial interest, direct or indirect, by security
holdings or otherwise, in this Proposal that is not shared by all of our other stockholders.

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 have the same effect as votes AGAINST this proposal. Broker non-votes will have no effect on this proposal. Brokerage firms do not
have authority to vote customers’ unvoted shares held by the firms in street name on this proposal. Shares subject the Voting Restriction
are not entitled to vote on the Issuance Proposal and will have no effect on the results of this vote.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE TO APPROVE, FOR PURPOSES OF COMPLYING WITH NASDAQ LISTING RULE 5635(D), THE ISSUANCE OF SHARES OF OUR COMMON STOCK UNDERLYING THE SERIES A WARRANTS, ISSUED IN CONNECTION WITH A PRIVATE PLACEMENT OF OUR SECURITIES THAT WAS CONSUMMATED ON MARCH 10, 2025 AND CERTAIN PROVISIONS OF THE SERIES A WARRANTS. 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; PROVIDED, HOWEVER, THAT IF A STOCKHOLDER HAS SHARES OF COMMON STOCK THAT ARE SUBJECT TO THE VOTING RESTRICTION, ANY SHARES THAT ARE NOT SUBJECT TO THE VOTING RESTRICTION AND ARE ENTITLED TO VOTE ON PROPOSAL NO. 1 WILL BE VOTED IN THE MANNER SPECIFIED ON SUCH STOCKHOLDER’S PROXY CARD OR VOTING INSTRUCTION FORM ON THIS PROPOSAL NO. 1, AND ANY SHARES THAT ARE SUBJECT TO THE VOTING RESTRICTION AND ARE NOT ENTITLED TO VOTE ON PROPOSAL NO. 1 WILL NOT BE VOTED ON THIS PROPOSAL NO 1 AND NO AUTHORITY TO REPRESENT OR