Company: IXHL
Filing Date: 2025-04-17
Form Type: PRER14A
Source: 0001213900-25-033013
Chunk: 67

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-17
Form: PRER14A
Chunk 67
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 Listing Condition is not met, any broker non-votes
will be treated as a vote AGAINST the Reverse Stock Split Proposal.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE TO APPROVE OF THE REVERSE STOCK SPLIT. PROXIES SOLICITED BY THE BOARD WILL BE VOTED IN FAVOR OF THE PROPOSAL UNLESS A STOCKHOLDER INDICATES OTHERWISE ON ITS PROXY CARD OR VOTING INSTRUCTION FORM.

<div align='center'>34

Proposal No. 5
APPROVAL OF THE ADJOURNMENT PROPOSAL</div>

We are asking our stockholders to vote on a proposal to approve any
adjournments or postponements of the Special Meeting for the purpose of soliciting additional proxies if there are not sufficient votes
at the Special Meeting to approve Proposal Nos. 1, 2, 3 or 4. We currently do not intend to propose postponement or adjournment at the
Special Meeting if there are sufficient votes to approve Proposal Nos. 1, 2, 3 and 4. Under our Amended and Restated Bylaws, whether or
not a quorum is present, the Special Meeting may be adjourned or recessed for any or no reason from time to time by the chairman of the
Special Meeting.

Required Vote

The affirmative vote of a majority of the shares
of common stock present or represented by proxy and entitled to vote on the subject matter is required to approve this proposal. Abstentions
will count as votes AGAINST this proposal. Broker non-votes will have no effect on this proposal. Brokerage firms do not have authority
to vote customers’ unvoted shares held by the firms in street name on this proposal.

THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE TO APPROVE THE ADJOURNMENT PROPOSAL. PROXIES SOLICITED BY THE BOARD WILL BE VOTED IN FAVOR OF THE PROPOSAL UNLESS A STOCKHOLDER INDICATES OTHERWISE ON ITS PROXY CARD OR VOTING INSTRUCTION FORM.

<div align='center'>35

OTHER MATTERS</div>

Our board of directors knows of no other business
which will be presented to the Special Meeting. If any other business is properly brought before the Special Meeting, proxies will be
voted in accordance with the judgment of the persons named therein.

<div align='center'>STOCKHOLDER COMMUNICATIONS WITH DIRECTORS</div>

Generally, stockholders