Incannex Healthcare Inc. has announced a new shareholder agreement involving its Series A warrants. On May 15, 2025, the company entered into agreements with holders of these warrants, initially issued in a private placement. Under the new terms, Incannex will distribute net proceeds from the sale of common stock, up to $12,499,828, to these warrant holders. The agreement also includes a provision for reducing the number of warrant shares based on the proceeds received, effectively cancelling some of the original warrants and issuing new ones with adjusted share amounts. This move is part of Incannex's strategy to streamline its capital structure and enhance shareholder value.