Company: RGNT
Filing Date: 2025-01-24
Form Type: DRS
Source: 0001213900-25-006245
Chunk: 253

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-24
Form: DRS
Chunk 253
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 connection with the issuance of its convertible notes, which are exercisable 
 into convertible preferred D-2 shares at an exercise price of $38.01 per share.          |

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 six months ended June 30, 2024, and 2023, the Company recorded an income of $73 and an income of $56, respectively, for
the revaluation of such warrants, within financial income, 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:

|                    |     |     |  June 30, 
      2024 |   |     |     | December 31, 
         2023 |   |
|:-------------------|:----|:----|----------:|:--|:----|:----|-------------:|:--|
| Number of warrants |     |     |    66,946 |   |     |     |       66,946 |   |
| Discount rate      |     |     |        30 | % |     |     |           30 | % |
| Term (years)       |     |     | 0.75-0.92 |   |     |     |         0.25 |   |
| Fair value         |     |     |       148 |   |     |     |          221 |   |

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

| Balance as of January 1, 2024 |     | $ | 221 |   |
| Changes in fair value         |     |   | (73 | ) |
| Balance as of June 30, 2024   |     | $ | 148 |   |
| Balance as of January 1, 2023 |     | $ | 278 |   |
| Changes in fair value         |     |   | (56 | ) |
| Balance as of June 30, 2023   |     | $ | 222 |   |

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