Company: RGNT
Filing Date: 2025-01-24
Form Type: DRS
Source: 0001213900-25-006245
Chunk: 275

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-24
Form: DRS
Chunk 275
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S PAYABLE |

|                               |     |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Grant liability               |     | $ |        2,054 |     | $ |        1,981 |
| Accrued expenses              |     |   |          518 |     |   |          418 |
| Accrued employee compensation |     |   |            3 |     |   |            2 |
| Other payables                |     |   |            1 |     |   |            2 |
| Total                         |     | $ |        2,576 |     | $ |        2,403 |

| NOTE 5:- | SHORT-TERM LOAN |

On August 15, 2023, the Company obtained
a loan at an aggregate amount of $325 from current shareholders and officers of the Company and several new investors. According to the
loan agreement, the loan will be repaid within 30 days at the earlier of:

| 1. | Receipt of a grant of 300,000 Euro from the Horizon 2020 Program, or |

| 2. | Consummation of the merger with OceanTech. |

The Company classified the loan as
a current liability and estimated repayment of the loan until March 31, 2024. In addition, as part of the loan agreement, the Company
issued to each lender warrants exercisable into ordinary shares of the Company (refer to Note 11).

The proceeds from the loan agreements
were allocated at the issuance date to the warrants and to the short-term loan. The warrants were measured at fair value and the remaining
amount allocated to the short-term loan. The short-term loan is subsequently measured at its amortized cost. Since issuance date to December
31, 2023, the Company recorded amortization of a discount as an interest expense of $173 for the short-term loan, within financial expense
line in the statements of comprehensive loss.

The following table presents the movement
in short term loan:

| Balance as of December 31, 2022               |     |   |    - |   |
|:----------------------------------------------|:----|:--|-----:|:--|
| Total principal payment                       |     |   |  325 |   |
| Debt discount