Company: IXHL
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001213900-25-092837
Chunk: 905

Company: Incannex Healthcare Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7A
Chunk 905
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 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)
  
    Depreciation expense 
     (246) 
     (103)
  
    Compliance, legal and regulatory 
     (3,939) 
     (3,108)
  
    Occupancy expenses 
     (390) 
     (348)
  
    Advertising and investor relations 
     (795) 
     (1,055)
  
    Other administration expenses 
     (932) 
     (823)
  
    Total general and administration expenses 
     (13,128) 
     (17,174)

F-17

Note 12 - Stock-based payments

    June 30, 2025  
    June 30, 2024 

    (in thousands) 
  
    Research and development 
     -  
     - 
  
    General and administrative 
     (2,609) 
     (8,928)
  
    Total stock-based compensation