Company: RGNT
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006676
Chunk: 222

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 222
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 to make and maintain a valid QEF election
for any year in which we are a PFIC. Therefore, the QEF election will not be available with respect to our Ordinary Shares.

If we were classified as a
PFIC, under Treasury Regulations, if a U.S. Holder has an option, warrant, or other right to acquire stock of a PFIC, such option, warrant
or right is considered to be PFIC stock. However, a U.S. Holder of an option, warrant or right to acquire stock of a PFIC may not make
a QEF election that will apply to the option, warrant or other right to acquire PFIC stock. In addition, under Treasury Regulations, if
a U.S. Holder holds an option, warrant or other right to acquire stock of a PFIC, the holding period with respect to shares of stock of
the PFIC acquired on exercise of such option, warrant or other right will include the period that the option, warrant or other right was
held. Each U.S. Holder should consult its own tax advisor regarding the application of the PFIC rules to our securities.

In addition, the PFIC
rules described above would not apply if we were a PFIC and a U.S. Holder made a mark-to-market election. A U.S. Holder of our
Ordinary Shares which are regularly traded on a qualifying exchange, including the Nasdaq Capital Market, can elect to mark the
Ordinary Shares to market annually, recognizing as ordinary income or loss each year an amount equal to the difference as of the
close of the taxable year between the fair market value of the Ordinary Shares and the U.S. Holder’s adjusted tax basis in the
Ordinary Shares. Losses are allowed only to the extent of net mark-to-market gain previously included income by the U.S. Holder
under the election for prior taxable years. A mark-to-market election will be unavailable with respect to our warrants and will not
apply to any lower-tier PFIC that we own.

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U.S. Holders who hold our
Equity Securities during a period when we are a PFIC will be subject to the foregoing rules, even if we cease to be a PFIC.

The U.S. federal income tax
rules relating to PFICs are complex. U.S. Holders are urged to consult their own tax advisors with respect to the consequences to them
of an investment in a PFIC, any elections available with respect to the