other material
confidence high
sentiment neutral
materiality 0.65
Incannex Healthcare files for 1-for-30 reverse stock split to regain Nasdaq compliance
Incannex Healthcare Inc.
- Reverse split at 1-for-30 effective 4:01 p.m. ET Feb 26, 2026; post-split trading begins Feb 27 under same ticker IXHL.
- Outstanding shares reduced from ~358M to ~11.9M; authorized shares unchanged.
- No fractional shares; rounding up to next whole share, cash not paid.
- Purpose is to increase per-share trading price to regain Nasdaq minimum bid price compliance.
- Stockholders approved at special meeting on May 27, 2025.