Incannex Healthcare Inc. (IXHL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
IXHL currently has 12.3M outstanding shares. with significant dilution risk as 198M authorized shares could dilute existing holders by 1605.6%. The company has significantly diluted shareholders by 1178.32% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 12.3M shares outstanding |
12M | 200M |
| Mar 12, 2026 |
8-K filing: Incannex Healthcare Inc. entered into a Securities Purchase Agreement to issue and sell 1,997,285 shares of common stock, pre-funded warrants to purchase up to 2,715 shares of common stock, and common stock warrants to purchase up to 2,000,000 shares of common stock in a registered direct offering. ($10.0M proceeds) |
350M | 200M |
| Nov 14, 2025 |
10-Q filing | 346.2M shares outstanding |
350M | 200M |
| Sep 29, 2025 |
10-K filing | 347.7M shares outstanding |
350M | 200M |
| May 28, 2025 |
8-K filing: Incannex Enters Agreement to Cancel Remaining Series A Warrants, Eliminating Up to 347.2 Million Shares from Potential Dilution. |
29M | 200M |
| May 15, 2025 |
10-Q filing | 29.4M shares outstanding |
29M | 200M |
| Apr 16, 2025 |
S-1/A filing: This prospectus relates to the offer and sale by the selling stockholders of up to an aggregate of 75,902,171 shares of common stock of Incannex Healthcare Inc. |
28M | 200M |
| Mar 24, 2025 |
S-3 filing: Incannex Healthcare Inc. is offering 65,971,805 shares of common stock for resale by selling stockholders. |
18M | 190M |
| Mar 10, 2025 |
8-K filing: Incannex Healthcare Inc. closed a private placement on March 10, 2025, selling 9,687,045 shares of common stock at $1.08 per share, along with pre-funded warrants and Series A common stock warrants, raising approximately $11.3 million in net proceeds to fund clinical trials, research and development, and repay convertible debentures. ($12.5M proceeds) |
18M | 120M |
| Feb 14, 2025 |
10-Q filing | 17.6M shares outstanding |
18M | 120M |
| Nov 26, 2024 |
S-1/A filing: This prospectus relates to the offer and sale by the selling stockholders of up to 61,389,758 shares of common stock of Incannex Healthcare Inc. |
18M | 120M |
| Nov 14, 2024 |
10-Q filing | 17.6M shares outstanding |
18M | 81M |
| Nov 06, 2024 |
S-3 filing: This is an S-3 filing for a shelf offering of common stock by selling stockholders, an equity line of up to $50.0 million, and $3.0 million from a First Tranche Debenture. |
16M | 81M |
| Nov 06, 2024 |
S-3 filing: The company is filing an S-3 to offer and sell up to $150 million in the aggregate of common stock, preferred stock, and debt securities. |
13M | 81M |
| Sep 30, 2024 |
10-K filing | 16.2M shares outstanding |
16M | 0 |
| Sep 10, 2024 |
RW filing: Incannex Healthcare Inc. is seeking withdrawal of the Registration Statement because it is no longer pursuing a public offering of its shares of common stock, pre-funded warrants and common warrants at this time. |
18M | 0 |
| Sep 10, 2024 |
8-K filing: Incannex Healthcare Inc. entered into an equity line of credit agreement with Arena Business Solutions Global SPC II, Ltd for up to $50 million of the Company's shares of common stock and a Securities Purchase Agreement with Arena Investors, LP for up to $10 million in secured Convertible Notes. |
18M | 0 |
| Jul 17, 2024 |
S-1/A filing: The company is filing an S-1/A to offer 4,000,000 shares of common stock together with common warrants to purchase up to 4,000,000 shares of common stock and pre-funded warrants. |
18M | 12M |
| Jul 03, 2024 |
S-1 filing: The filing is for an offering of common stock together with common warrants, and pre-funded warrants to purchase common stock. |
18M | 0 |
| May 15, 2024 |
10-Q filing | 15.9M shares outstanding |
16M | 0 |
| Feb 14, 2024 |
10-Q filing | 15.9M shares outstanding |
16M | 0 |
| Nov 29, 2023 |
POS AM filing: This is a post-effective amendment to terminate the effectiveness of a registration statement due to the completion of a redomiciliation. |
1.6B | 0 |
| Oct 31, 2023 |
20-F filing | 1587.0M shares outstanding |
1.6B | 0 |
| Mar 02, 2023 |
F-3 filing: The filing is an F-3 type, indicating a shelf offering of American Depositary Shares (ADSs) representing Ordinary Shares and warrants. The specific terms, amounts, and prices will be detailed in future prospectus supplements. |
1.3B | 0 |
| Oct 28, 2022 |
20-F filing | 1292.3M shares outstanding |
1.3B | 0 |
| Aug 17, 2021 |
F-1 filing: This is an F-1 filing for American depositary shares and underwriter warrants. |
1.1B | 0 |