Company: RGNT
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006676
Chunk: 282

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 282
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. As of December 31, 2023, a 5.0% decrease in discount rate would increase
the fair value of the warrants to $224; a 5.0% increase in discount rate would decrease the fair value of the warrants to $217.

Upon the occurrence of an Exit Event (IPO
or a merger and acquisition), the warrants will be exercisable to the same securities issued to the 2021 Note holders upon conversion
of the 2021 Note at the Mandatory conversion (see Note 6b). The number of shares issued upon exercise of the warrant will be calculated
by dividing 150.0% of the 2021 CLA Amount by the 2021 CLA Conversion Price. The exercise price of each warrant will be 125.0% of the 2021
CLA Conversion price.

On March 11, 2023, following the 2021
Note conversion, the number and the exercise price of the 2021 warrants was determined. The warrants are exercisable into 53,031 preferred
D-2 shares and the exercise price of each warrant is $30.40.

On September 28, 2023, the Company extended
the exercise period until December 31, 2023.

On January 3, 2024, the Company extended
the due date of 2020 Notes until April 30, 2024 (which was later extended to May 27, 2024).

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 $5 and an expense of $270,
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 |   |
|:--------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Discount rate |     |   |         30.0 | % |     |   |         30.0 | % |
| Term (years)  |     |   |         0.25 |   |     |