Hi mate, have I interpreted this correctly??
There is speculation that Incannex, a healthcare company, may be acquired by a larger pharmaceutical company. The appointment of Robert Clark, a former employee of Novo Nordisk, to Incannex's board of directors has led some to believe that an acquisition is imminent. Clark's employment contract includes incentives for an acquisition, including $2 million in fully paid IHL shares for every $1 billion in valuation achieved and an additional 50% of base value for acquisitions valued over $10 billion. The company's CEO has previously stated that the company is open to the possibility of selling all or part of the business in the future.
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