Company: IXHL
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001213900-25-092837
Chunk: 683

Company: Incannex Healthcare Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 4
Chunk 683
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in thousands,  except per share data) 
  
    Opening balance 
     2  
     15,873,113 
  
    Issues of new shares - employees and directors 
     -  
     1,769,719 
  
    Closing balance 
     2  
     17,642,832 

    For the fiscal year ended June 30, 2025 

    $  
    No. of  Shares 

    (in thousands,  except per share data) 
  
    Opening balance 
     2  
     17,642,832 
  
    Issue of new shares 
     18  
     176,049,053 
  
    Issues of new shares – convertible note conversion 
     -  
     64,127 
  
    Issues of new shares - employees and directors 
     -  
     623,984 
  
    Closing balance 
     20  
     194,379,996 

On May 27, 2025, the Company filed a certificate
amendment to its restated certificate of incorporation to increase its authorized shares of common stock to 800 million shares.

Note 10 - Additional paid-in capital

Additional paid-in capital:

    June 30, 2025  
    June 30, 2024 

    (in thousands except per share data) 
  
    Opening balance 
     125,218  
     116,290 
  
    Equity instruments issued to management and directors1 
     2,609  
     8,928 
  
    Convertible note conversion 
     100  
     - 
  
    Share issuance 
     48,401  
     - 
  
    Share issuance costs 
     (2,279) 
     - 
  
    Ending balance 
     174,049  
     125,218 

1 The equity-based premium reserve is used to record the value of equity issued to raise capital, and for stock-based payments.

Note 11 - General and Administration expenses

    June 30, 2025  
    June 30, 2024 

    (in thousands) 
  
    Salaries, and other employee benefits 
     (4,217) 
     (2,809)
  
    Stock-based payments expense 
     (2,609) 
     (8,928)