Company: RGNT
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006676
Chunk: 220

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 220
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 or more of the shares by value), in a taxable year is passive; or                                                                   |
| ● | At                                                                                                                                  
 least 50% of our assets, averaged over the year and generally determined based upon fair market value (including our pro rata share 
 of the assets of any company in which we are considered to own 25% or more of the shares by value) are held for the production of,  
 or produce, passive income.                                                                                                         |

For this purpose, passive
income generally consists of dividends, interest, rents, royalties, annuities, gains from the disposition of passive assets, and income
from certain commodities transactions and from notional principal contracts. Cash is treated as generating passive income.

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We may be a PFIC for 2024
and in the future, although there can be no assurance in this regard. The tests for determining PFIC status are applied annually, and
it is difficult to make accurate projections of future income and assets which are relevant to this determination. In addition, our PFIC
status may depend in part on the market value of our Ordinary Shares. Accordingly, there can be no assurance that we currently are not
or will not become a PFIC.

If we currently are or become
a PFIC, each U.S. Holder who has not elected to mark the shares to market (as discussed below), would, upon receipt of certain distributions
by us and upon disposition of our Ordinary Shares at a gain: (1) have such distribution or gain allocated ratably over the U.S. Holder’s
holding period for the Ordinary Shares, as the case may be; (2) the amount allocated to the current taxable year and any period prior
to the first day of the first taxable year in which we were a PFIC would be taxed as ordinary income; and (3) the amount allocated to
each of the other taxable years would be subject to tax at the highest rate of tax in effect for the applicable class of taxpayer for
that year, and an interest charge for the deemed deferral benefit would be imposed with respect to the resulting tax attributable to each
such other taxable year. In addition, when shares of a PFIC are acquired by reason of death from a decedent that was a U.S. Holder, the
tax basis of such shares would not receive a step-up to fair market value as of the date of the decedent’s death, but instead would
be equal to the dec