Company: RGNT
Filing Date: 2025-01-24
Form Type: DRS
Source: 0001213900-25-006245
Chunk: 281

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-24
Form: DRS
Chunk 281
---
.

The warrants represent a freestanding
instrument accounted for at fair value and re-measured at each reporting date. The Company estimates the fair value of the warrant using
PWERM. For the years ended December 31, 2023 and 2022, the Company recorded an income of $57 and $370, respectively for the revaluation
of such warrants, within financial expense, net in the statements of comprehensive loss. A summary of significant unobservable inputs
(Level 3 inputs) used in measuring the fair value of the warrants issued are as follows:

|                    |     |   | December 31, 
         2023 |   |     |   | December 31, 
         2022 |   |
|:-------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Number of warrants |     |   |       66,946 |   |     |   |       66,946 |   |
| Discount rate      |     |   |         30.0 | % |     |   |         30.0 | % |
| Term (years)       |     |   |         0.25 |   |     |   |          0.5 |   |
| Fair value         |     | $ |          221 |   |     | $ |          278 |   |

The following table presents changes in
the fair value of the warrant liability:

| Balance as of January 1, 2022   |     | $ |  648 |   |
| Changes in fair value           |     |   | (370 | ) |
| Balance as of December 31, 2022 |     | $ |  278 |   |
| Changes in fair value           |     |   |  (57 | ) |
| Balance as of December 31, 2023 |     | $ |  221 |   |

<div align='center'>F-33</div>

REGENTIS BIOMATERIALS LTD.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except share and per share data

| NOTE 7:- | WARRANT LIABILITY (Cont.) |

The Company has performed a sensitivity
analysis of the warrant liability which is classified as level 3 financial instruments. The Company recalculated the value of the warrants
by applying a +/- 5.0% changes to the input variables in PWERM