Company: IXHL
Filing Date: 2025-05-28
Form Type: 8-K
Source: 0001213900-25-047988
Chunk: 4

Company: Incannex Healthcare Inc.
Filing Date: 2025-05-28
Form: 8-K
Item: Item 1.02
Chunk 4
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Item 1.02 Termination of a Material Definitive Agreement.

To the extent required by Item 1.02 of Current Report on Form 8-K,
the disclosures set forth in Item 1.01 are hereby incorporated by reference.

Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 15, 2025, the Company’s Board of
Directors approved an amendment (the “ Plan Amendment”) to the Company’s 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. The Plan Amendment was approved by the Company’s stockholders
at the Special Meeting (as defined below) of the Company held on May 27, 2025, the results of which are reported below in Item 5.07 of
this Current Report on Form 8-K.

For a description of the material features of
the plan, as amended by the Plan Amendment and as approved by the Company’s stockholders on May 27, 2023, see “ Proposal 3”
in the proxy statement for the Special Meeting, which description is incorporated herein by reference.

The foregoing description of the Plan Amendment
and the description of the Plan Amendment contained in the proxy statement are each qualified in their entirety by reference to the full
text of the Plan Amendment, a copy of which is filed herewith as Exhibit 10.2 to this Current Report on Form 8-K and incorporated herein
by reference.

Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year.

As disclosed below, at the Special Meeting of
Stockholders (the “ Special Meeting”) of the Company held on May 27, 2025, the Company’s stockholders approved certain
amendments to the Company’s Amended and Restated Certificate of Incorporation (the “ Certificate of Incorporation”).
On May 27, 2025, the Company filed with the Secretary of State of the State of Delaware an amendment to the Certificate of Incorporation
to increase the authorized shares of common stock of the Company from 100,000,000 shares to 800,000,000 shares and (the “ Certificate