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Incannex Healthcare Inc. Executes Strategic Cancellation of 50.4% of Series A Warrants, Significantly Reducing Potential Dilution
IXHLIncannex(IXHL) GlobeNewswire News Room·2025-05-20 19:30

NEW YORK and MELBOURNE, Australia, May 20, 2025 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL) ("Incannex" or the "Company"), a clinical-stage biopharmaceutical company pioneering the development of combination drug therapies, today announced the successful completion of a 16.7milliongrossproceedscapitalraisethroughitsatthemarket(ATM)facility.16.7 million gross proceeds capital raise through its at-the-market (ATM) facility. 12.5 million of these proceeds will be used to cancel up to 50.4% of the Series A Warrants previously issued as part of a prior financing a ...