Incannex To Redomicile To United States, List All Shares On Nasdaq
Portfolio Pulse from Vuk Zdinjak
Incannex Healthcare Limited (NASDAQ:IXHL) plans to redomicile from Australia to the United States and list all its shares on Nasdaq. The company has already registered its ordinary shares with the US Securities and Exchange Commission and has been trading in the US since February 2022. The redomiciliation is subject to approval from Incannex's shareholders and optionholders, as well as regulatory and court approvals. The company believes that becoming a US company and trading only on Nasdaq will provide many benefits, including greater access to capital markets and a broader investor base.
July 10, 2023 | 1:49 pm
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Incannex Healthcare Limited's decision to redomicile to the US and list all shares on Nasdaq could potentially increase its access to capital markets and expand its investor base.
The redomiciliation of Incannex to the US and its listing on Nasdaq could potentially increase its visibility among investors and provide it with greater access to capital. This could lead to increased demand for its shares, potentially driving up its stock price in the short term.
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