Company: IXHL
Filing Date: 2025-03-24
Form Type: S-3
Source: 0001013762-25-001587
Chunk: 23

Company: Incannex Healthcare Inc.
Filing Date: 2025-03-24
Form: S-3
Chunk 23
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 shares of Common Stock  (subject to the adjustment and alternative cashless                         
 exercise provisions of the Series A Warrants) underlying the Series A Warrants held by Great Point, the exercise of which are subject       
 to receipt of the Stockholder Approval and certain beneficial ownership limitations. 48,804,164 shares of Common Stock issuable upon        
 the exercise of the Series A Warrants held by Great Point are not registered for resale in this prospectus because these shares are subject 
 to Stockholder Approval. Dan Dimiero is the Manager of Great Point and may be deemed to beneficially own the securities held by             
 it. The principal address of Great Point is 200 West Jackson, Ste 1000, Chicago, IL 60606.                                                  |

<div align='center'>12

PLAN OF DISTRIBUTION</div>

Each selling stockholder and
any of their donees, pledgees, assignees, transferees, distributees and successors-in-interest may, from time to time, sell any or all
of their Shares covered hereby on The Nasdaq Stock Market LLC or any other stock exchange, market or trading facility on which the Shares
are traded or in private transactions. These sales may be at fixed or negotiated prices. A selling stockholder may use any one or more
of the following methods when selling Shares covered hereby:

| · | ordinary                                                                                
 brokerage transactions and transactions in which the broker-dealer solicits purchasers; |

| · | block                                                                                                                                      
 trades in which the broker-dealer will attempt to sell the Shares as agent but may position and resell a portion of the block as principal 
 to facilitate the transaction;                                                                                                             |

| · | purchases                                                                        
 by a broker-dealer as principal and resale by the broker-dealer for its account; |

| · | an                                                                             
 exchange distribution in accordance with the rules of the applicable exchange; |

| · | privately                
 negotiated transactions; |

| · | settlement      
 of short sales; |

| · | in                                                                                                                                     
 transactions through broker-dealers that agree with the selling stockholders to sell a specified number of such Shares at a stipulated 
 price per security;                                                                                                                    |

| · | through                                                                                                               
 the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise; |

| · | a                                           
 combination of any such methods of sale; or |

| · | any                                                
 other method permitted pursuant to applicable law. |

The selling stockholders may
also sell the Shares under Rule 144 or any other exemption from