IHL News: Why Incannex Healthcare Stock Crashed Today - 17th Mar 2022, 7:23am

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Shares of Incannex Healthcare (NASDAQ: IXHL) were crashing 58.4% lower as of 3:52 p.m. ET on Wednesday. The huge decline came after the Australian drugmaker announced earlier today the issuance of 1.85 million shares related to the exercise of unlisted stock options. The addition of 1.85 million shares makes up less than 4% of Incannex Healthcare's outstanding shares.

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