Company: IXHL
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001213900-25-036057
Chunk: 61

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 61
---
 for which the laws of the State of Delaware, or our Amended and Restated Certificate of Incorporation or our amended and restated bylaws, provide a right to our stockholders to dissent and obtain an appraisal of, or payment for, such stockholders’ capital stock. Accounting Matters The Reverse Stock Split would not affect the per -sharepar value of our common stock, which would remain at $0.0001 par value per share, while the number of outstanding shares of common stock would decrease in accordance with the Reverse Stock Split ratio. As a result, as of the effective time of the Reverse Stock Split, the stated capital attributable to common stock on our balance sheet would decrease, and the additional paid -incapital account on our balance sheet would increase by an offsetting amount. Following the Reverse Stock Split, the reported per -sharenet income or loss would be higher because there would be fewer shares of common stock outstanding, and we would adjust historical per share amounts set forth in our future financial statements. Reservation of Right to Abandon the Amendment to our Restated Certificate of Incorporation Our board of directors reserves the right to abandon the amendment to our Amended and Restated Certificate of Incorporation described in this proposal without further action by our stockholders at any time before the effective time, even if stockholders approve such amendment at the special meeting. By voting in favor of the amendment to our Amended and Restated Certificate of Incorporation, stockholders are also expressly authorizing the board of directors to determine not to proceed with and abandon the Reverse Stock Split if it should so decide. Material U.S. Federal Income Tax Consequences of the Reverse Stock Split The following summary describes, as of the date of this proxy statement, certain U.S. federal income tax consequences of the Reverse Stock Split to U.S. holders (as defined below) of our common stock. A “U.S. holder” is a beneficial owner of our common stock that, for U.S. federal income tax purposes, is either: •an individual citizen or resident of the United States; •a corporation, or other entity taxable as a corporation for U.S. federal income tax purposes, created or organized in or under the laws of the United States or any state thereof or the District of Columbia; •an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or •a trust, if: (i) a court within the United States is able to exercise primary jurisdiction over its administration and one or more U