Incannex Healthcare Shares Plunge After Board Approves 1-for-30 Reverse Split
Incannex Healthcare Inc. (IXHL) shares dropped about 40% on Wednesday after the company disclosed a 1-for-30 reverse stock split approved by its board. The split will become legally effective at 4:01 p.m. Eastern Time on Thursday, with trading on a post-split adjusted basis expected to begin on Friday under a new CUSIP while retaining the IXHL tick…