Incannex Healthcare Inc. has announced that it is initiating the process to transfer the listing of its common stock from The Nasdaq Global Market to The Nasdaq Capital Market as of June 11, 2025. This move is part of the company's efforts to comply with Nasdaq's continued listing requirements. To facilitate the transfer, Incannex Healthcare must meet the criteria for the Nasdaq Capital Market, submit an online transfer application, and pay a requisite fee, with the application subject to acceptance by Nasdaq staff. If approved, the company's stock will continue to trade under the symbol "IXHL." This decision follows earlier reports on compliance issues filed with the Securities Exchange Commission in January and April 2025.
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