Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 255

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 255
---
 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 |   |     |     | December 31, 
         2023 |   |
|:-------------------|:----|:----|----------:|:--|:----|:----|-------------:|:--|
| Number of warrants |     |     |