Company: RGNT
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093302
Chunk: 268

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 268
---
 per share data

| NOTE 6:- | CONVERTIBLE NOTES (Cont.) |

The Company has performed a sensitivity
analysis of the 2020 Notes which are classified as level 3 financial instruments in the fair value hierarchy. The Company recalculated
the fair value of the 2020 Notes by applying a +/- 5.0% changes to the discount rate used in PWERM.

As of December 31, 2024, a 5.0% decrease
in discount rate would increase the fair value of the 2020 Notes to $4,444; a 5.0% increase in discount rate would decrease the fair
value of the 2020 Notes to $4,305.

c. On March 11, 2023, the Company
converted the 2021 Notes into 88,385 preferred D-2 shares.

The following table presents changes
in the fair value of the 2020 Notes and 2021 Notes:

| Balance as of January 1, 2023                          |     | $ |  6,472 |   |
| Conversion of the 2021 Notes into preferred D-2 shares |     |   | (1,086 | ) |
| Changes in fair value                                  |     |   |  2,019 |   |
| Balance as of December 31, 2023                        |     | $ |  7,405 |   |
| Issuance of additional 2020 Notes                      |     |   |    450 |   |
| Changes in fair value                                  |     |   | (3,483 | ) |
| Balance as of December 31, 2024                        |     | $ |  4,372 |   |

| NOTE 7:- | WARRANT LIABILITY |

| a. | As of January 1, 2023, the Company has issued 167,365 warrants in connection with                                                  
 the issuance of its convertible notes which are exercisable into convertible preferred D-2 shares. The warrants are exercisable at 
 the earlier of: (i) March 1, 2025, (ii) immediately prior to the closing of an IPO, (iii) upon occurrence of a Deemed Liquidation  
 Event, or (iv) immediately prior to the occurrence of a Liquidation Event, as described in Company’s Article of Association        
 (the “AOA”).                                                                                                                       |

A Deemed Liquidation Event, as defined
in the AOA, includes change of