Incannex Ltd – Entitlement Offer Prospectus

For a non-renounceable pro rata offer of 1 option to acquire a fully paid ordinary share in the Company
(Loyalty Option) for every 15 Shares held by Shareholders registered at 7.00pm (AEST) on 8 May
2023 (Record Date) at an offer price of $0.001 per Loyalty Option (Entitlement Offer).
The Entitlement Offer closes at 5.00pm (AEST) on Friday, 26 May 2023 (unless extended).
This Prospectus also includes the Shortfall Offer.