Company: RGNT
Filing Date: 2025-03-11
Form Type: F-1
Source: 0001213900-25-022350
Chunk: 254

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-03-11
Form: F-1
Chunk 254
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 discount rate used in PWERM. As of June 30, 2024, a 5.0% decrease in discount
rate would increase the fair value of the 2020 Notes to $2,619; a 5.0% increase in discount rate would decrease the fair value of the
2020 Notes to $2,462.

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

| Balance as of December 31, 2023                        |     | $ |  7,405 |   |
| Changes in fair value                                  |     |   | (4,867 | ) |
| Balance as of June 30, 2024                            |     | $ |  2,538 |   |
| Balance as of December 31, 2022                        |     | $ |  6,472 |   |
| Conversion of the 2021 Notes into preferred D-1 shares |     |   | (1,086 | ) |
| Changes in fair value                                  |     |   |  2,114 |   |
| Balance as of June 30, 2023                            |     | $ |  7,500 |   |

<div align='center'>F-10</div>

REGENTIS BIOMATERIALS LTD.

NOTES TO THE UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS

U.S. dollars in thousands, except share and per share data

| NOTE 5: | WARRANT LIABILITY |

| a. | During 2015, the Company issued                                                                 
 66,946 warrants in 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