Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 158

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 158
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 such as external directors, the audit
committee, the compensation committee and an internal auditor. This is the case even if our shares are not listed on a stock
exchange in Israel. These requirements are in addition to the corporate governance requirements imposed by the Listing Rules of the
Nasdaq Capital Market, or the Nasdaq Marketplace Rules, and other applicable provisions of U.S. securities laws to which we are
subject (as a foreign private issuer).

Board Practices

Introduction

Our
amended and restated articles of association to be in effect upon completion of this offering provide that we may have between five (5)
and eight (8) directors, including directors who serve as external directors under the Companies Law. Immediately as of the effective
time of the registration statement to which this prospectus relates, our board of directors will consist of five (5) directors. Other
than our external directors (if any), our directors are elected by an ordinary resolution at an annual general meeting of our shareholders.
Our directors are divided into three classes (as nearly equal in number as practicable), class I, class II and class III, that are each
elected at the third annual general meeting of our shareholders, in a staggered fashion (such that one class is elected each annual general
meeting), and serve on our board of directors, unless they are removed by a majority of the shares voted at a general meeting of our shareholders
or upon the occurrence of certain events, in accordance with the Companies Law and our amended and restated articles of association.

Because
our Ordinary Shares do not have cumulative voting rights in the election of directors, the holders of a majority of the voting power represented
at a shareholders meeting have the power to elect all of our directors up for election or re-election, subject to the special approval
requirements for external directors.

In
addition, if a director’s office becomes vacant, the remaining serving directors may continue to act in any manner, provided that
their number is of the minimal number specified in our amended and restated articles of association. If the number of serving directors
is lower than such minimum number, then our board of directors may not exercise their authorities according to our amended and restated
articles of association, except to convene a general meeting with an agenda to elect directors to fill any our vacancies, to establish
a lower minimum of directors or to fill the office of director which has become vacant up to a number equal to the minimum number provided
for pursuant to our amended and restated articles