Company: IXHL
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001213900-25-036057
Chunk: 58

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 58
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 Split and no cash in lieu will be paid in connection with the Reverse Stock Split for fractional shares. Any fractional shares resulting from the Reverse Stock Split will be rounded up at the participant level with The Depository Trust Company. The Reverse Stock Split would not change the terms of our common stock. The Reverse Stock Split is not intended as, and would not have the effect of, a “going private transaction” covered by Rule 13e -3under the Exchange Act. Following the Reverse Stock Split, we would continue to be subject to the periodic reporting requirements of the Exchange Act. After the effective time of the Reverse Stock Split, our common stock will have a new Committee on Uniform Securities Identification Procedures (“CUSIP”) number, which is a number used to identify our equity securities, and stock certificates with the older CUSIP numbers will need to be exchanged for stock certificates with the new CUSIP numbers by following the procedures described below. Our directors and executive officers have no substantial interests, directly or indirectly, in the matters set forth in the Reverse Stock Split, except to the extent of their ownership in shares of our common stock and securities exercisable for our common stock, which shares and securities would be subject to the same proportionate adjustment in accordance with the terms of the Reverse Stock Split as all other outstanding shares of our common stock and securities exercisable for our common stock (other than the Series A Warrants). Authorized Shares of Common Stock We are currently authorized under our Amended and Restated Certificate of Incorporation to issue up to a total of 110,000,000shares of capital stock, comprised of 100,000,000shares of common stock, $0.0001 par value per share, and 10,000,000shares of preferred stock, $0.0001 par value per share. In Proposal No.2, we are seeking stockholder approval to increase the number of shares of our common stock authorized for issuance under our Amended and Restated Certificate of Incorporation from 100,000,000shares to 800,000,000shares. While the Reverse Stock Split would decrease the number of outstanding shares of our common stock, it would not change the number of authorized shares under our Amended and Restated Certificate of Incorporation. Consequently, the Reverse Stock Split would have the effect of increasing the number of shares of common stock available for issuance 33 under our Amended and Restated Certificate of Incorporation. Our board of directors believes that such an increase is in our and our stockholders’ best