Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 149

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 149
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i) above were exercised
to subscribe for 164,713 Class A Ordinary Shares with the remaining 4,527,387 warrants being cancelled in exchange for the issuance
of a total of 4,527,387 warrants with an aggregate amount of US$7,073,397.74 to extend the expiration dates to a period range from March
2026 to December 2027. The expiration dates of the warrants described in (ii) were extended to March 2027. The exercise price
for the warrants described in (ii) above with an aggregate amount of US$836,597 shall be determined by reference to the issue price of
the types of securities and shall be equal to the issue price of the securities being offered in the next immediate equity funding round
(or equal to 65% of the issue price of Class A Ordinary Shares if the next immediate equity funding round is the Company’s initial
public offering), subject to adjustment for certain dilutive events such as, among other things, subdivision, reclassification, redenomination,
conversion or consolidation of securities, capitalization, capital distribution, and rights issue. The maximum number of shares that
each of these warrant holders may subscribe for shall be determined by dividing the sum of the maximum subscription sum of the relevant
warrant holder by the exercise price, as adjusted for dilutive event(s) where applicable, corrected up to the nearest whole number. In
June 2025, the Company issued to a lender a total of 100,000 warrants with an aggregate value of US$260,000 in consideration for providing
a loan to the Company. The warrants will expire in June 2027.

Differences in Corporate Law

We were incorporated under, and are governed by, the laws of the Cayman Islands. The corporate statutes of the State of Delaware and the Cayman Islands are similar, and the flexibility available under Cayman Islands law has enabled us to adopt a memorandum and articles of association that will provide shareholders with rights that do not vary in any material respect from those they would enjoy if we were incorporated under Delaware law. Set forth below is a summary of some of the differences between provisions of the Companies Act applicable to us and the laws applicable to companies incorporated in Delaware and their shareholders.

In addition, we are exempt from certain corporate governance requirements of the NYSE American by virtue of being a foreign private issuer. We intend to follow Cayman Islands corporate governance practices in lieu of the corporate governance requirements of the NYSE American that listed companies must have for