Company: IXHL
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001213900-25-092837
Chunk: 623

Company: Incannex Healthcare Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 3
Chunk 623
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 to receive any dividends as may be declared from time to time by the Company’s board of directors.

On November 28, 2023, the Company effected the
redomiciliation. All references in these consolidated financial statements to the Company’s outstanding common stock, including
per share information, have been retrospectively adjusted to reflect this redomiciliation.

    For
                                            the fiscal year ended 
                                            June 30, 2024 

    $  
    No. of 
Shares 

    (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