Company: IXHL
Filing Date: 2025-04-17
Form Type: PRER14A
Source: 0001213900-25-033013
Chunk: 26

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-17
Form: PRER14A
Chunk 26
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 combination recapitalization or other similar transaction involving the shares of our common stock (each,
a “Share Combination Event”, and such date on which the Share Combination Event is effected, the “Share Combination
Event Date”) and the lowest daily dollar volume-weighted average price per share of our common stock during the period commencing
on the trading day immediately following the applicable Share Combination Event Date and ending on the fifth trading day immediately following
the applicable Share Combination Event Date (the “Event Market Price”) (provided if the Share Combination Event is effective
prior to the opening of trading on the market on which shares of our common stock are then traded, then, commencing on the Share Combination
Event Date and ending on the fourth trading day immediately following the applicable Share Combination Event Date (such period, the “Share
Combination Adjustment Period”)) is less than the exercise price then in effect (after giving effect to the adjustment for such
event), then, at the close of trading on the last day of the Share Combination Adjustment Period, the exercise price then in effect on
such fifth trading day will be reduced (but in no event increased) to the Event Market Price and the number of Series A Warrant Shares
issuable upon exercise of a Series A Warrant (such resulting number, the “Share Combination Issuable Shares”) will be increased
such that the aggregate exercise price, after taking into account the decrease in the exercise price, will be equal to the aggregate exercise
price on the date of issuance of the Series A Warrants for the remaining Series A Warrant Shares then issuable pursuant to the Series
A Warrant; provided, however, that in no event will the Event Market Price be lower than the Floor Price; and provided further that notwithstanding
the foregoing, if one or more Share Combination Events occurred prior to the Warrant Stockholder Approval being obtained and the reduction
of the exercise price was limited by clause (i) of the definition of Floor Price, once the Warrant Stockholder Approval is obtained, the
Exercise Price will automatically be reduced to equal the greater of (x) the lowest Event Market Price with respect to any Share Combination
Event that occurred prior to the Warrant Stockholder Approval being obtained, and (y) the price determined by reference to clause (ii)
of the definition of Floor Price. If one or more Share Combination Events occurs prior to the Warrant Stockholder Approval being obtained
and the reduction of the exercise price to the Event Market Price, once the Warrant Stockholder