Company: IXHL
Filing Date: 2025-04-17
Form Type: PRER14A
Source: 0001213900-25-033013
Chunk: 2

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-17
Form: PRER14A
Chunk 2
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 encourage you to vote by proxy so that your shares will be represented and voted at the meeting,
whether or not you can attend.

Thank you for your continued support of Incannex
Healthcare Inc.

| BY ORDER OF THE BOARD OF DIRECTORS |
| /s/ Joseph Swan                    |
| Joseph Swan                        |
| Secretary                          |

<div align='center'>PRELIMINARY PROXY STATEMENT FILED PURSUANT TO RULE 14a-6(a)

SUBJECT TO COMPLETION DATED APRIL 17, 2025

Incannex Healthcare Inc.

Suite 105, 8 Century Circuit

Norwest, NSW 2153

Australia</div>

[●], 2025

<div align='center'>NOTICE OF SPECIAL MEETING OF STOCKHOLDERS</div>

TIME: 9:30 am Eastern time

DATE: [●], 2025

PLACE: www.meetnow.global/M7SKRH9

PURPOSES:

| 1. | To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of up to an aggregate of 347,222,700 shares of      
 our common stock underlying the Series A Warrants (assuming full adjustment of the exercise price to the Floor Price of $0.216 per share 
 and exercise pursuant to the zero exercise price provisions of the Series A Warrants) issued in connection with a private placement and  
 sale of our securities that was consummated on March 10, 2025 and certain provisions of the Series A Warrants.                           |

| 2. | To approve a proposed amendment to our Amended and Restated Certificate of Incorporation to increase the total number of shares of 
 common stock authorized for issuance thereunder from 100,000,000 shares to 800,000,000 shares;                                     |

| 3. | To approve a proposed amendment to our 2023 Equity Incentive Plan (the “2023 Plan”) to (x) increase the number of shares              
 authorized for the issuance of awards thereunder by 2,700,000 and (y) to incorporate an evergreen provision to increase the number of 
 shares under the 2023 Plan in future years;                                                                                           |

| 4. | To approve a proposed amendment to our Amended and Restated Certificate                                                                       
 of Incorporation to effect a reverse stock split of our common stock by a ratio of not less than 1-for-2 and not more than 1