Incannex Healthcare Limite (ASX: IHL) has engaged independent financial planning firm MLS Financial to provide advice to IHL shareholders with self-managed superannuation funds (SMSF), a superannuation fund holding or similar products, on matters associated with the proposed uplisting to U.S. shares on the Nasdaq and delisting of Australian shares on ASX.
The purpose of this unprecedented engagement is to assist shareholders who have their IHL shareholding in a superannuation account. Engaging MLS will ensure that shareholders receive qualified independent, and strictly confidential advice that takes into consideration all factors that contribute to the account holder’s financial position.
Throughout the process, MLS will analyse the shareholder’s current position and provide support and recommendations on the best strategy for the holder, whilst having a complete understanding of the process Incannex is taking to transition the company’s share listing from ASX to Nasdaq.
Incannex is proposing to redomicile to the United States and Nasdaq in a unanimous board decision taken in the best interest of shareholders to unlock the substantial value in our company,” CEO and managing director, Joel Latham, said.
“At the time that Incannex proposed the change from ASX to Nasdaq, the Board committed that it would do all that it could to ensure a seamless transition of their investment from Australia to the United States.
“Incannex shareholders who feel as if they would benefit from this service, will receive independent advice from a financial group that is fully understanding of the change Incannex is making and will also learn how best to advise each shareholder independently in light of this change. On that basis, we encourage those shareholders to seek the confidential and independent superannuation advice that the company offers.”
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