Incannex Stock Slides As $10 Million Capital Raise Funds Next Study For Sleep Apnea Treatment

Incannex Healthcare Limited (NASDAQ:IXHL) shares are tumbling on Thursday as the company announced a registered direct offering of $10 million. • Incannex Healthcare stock is taking a hit today. What’s weighing on IXHL shares?Seeks Equity Raise Of Up To $23 MillionThe clinical stage biotech company will offer 2 million shares and accompanying warrants to purchase up to 2 million shares at a combined price of $5.If the common warrants are exercised in full for cash, the company would receive up to an additio ...