Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 231

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 231
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33,239 | ) |
| Net loss                                               |     | $                  |        (5,883,611 | ) |     | $   |        (7,964,772 | ) |

Note 17 – Subsequent events

The Company evaluated subsequent events and transactions that occurred after the date of these consolidated financial statements were issued. Based on this review, except as disclosed below, the Company did not identify any other subsequent events that would require adjustment or disclosure in the consolidated financial statements.

Cancellation of warrants

In January 2025, a batch of 4,527,387 warrants was canceled and reissued with expiry dates of between March 4, 2026 and March 19, 2028, and exercise price of between US$1.497 and US$2.074. A second batch of 251,608 warrants was canceled and reissued with exercise price of US$2.60 and expiry date of June 30, 2027.

Exercise of warrants

In January 2025, a total of 164,713 warrants were exercised to subscribe for 164,713 Class A Ordinary Shares for a total consideration of approximately US$0.2 million.

Amendment to the convertible note agreements

In February 2025, the Company signed the Amendment to the convertible note agreements for the aforementioned nine convertible notes (Note 7) to extend the maturity date to be due in June 2026. The interest rate increased from 8% per annum to 12% per annum beginning in February 2025. The conversion price of the D-2 Nots also amended to be 50% (amended from 70%) of the IPO price or next round of financing.

Between January and June 2025, the Company
secured approximately US$1.9 million in short-term debt financing from various third parties, with maturity dates ranging between
two to six months from the debt issuance dates with interest rates between 24% and 65% per annum, or a one-time interest charge of
10% for certain debt instrument.

In February 2025 and May 2025, the Company secured
approximately US$0.2 million in short-term debt financing from three related parties. Two of these loans initially matured on March 31,
2025, but were subsequently extended to June 30, 2025. The third loan matured on June 30, 2025. Interest rates for these loans
ranged from 30% to 65% per