Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 70

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 70
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 more than the net tangible book value per share attributable to the existing shareholders for our presently outstanding ordinary shares.

Historical net tangible book value per share represents our total tangible assets (total assets excluding goodwill and other intangible assets, net) net of total liabilities, divided by the number of outstanding ordinary shares (Class A and Class B). The historical net tangible book value as of December 31, 2024 would have been approximately US$(6,277,317), or US$(0.23) per share. After giving effect to the US$3.8 million short-term loans from third parties and related parties we incurred between January and August 2025, the US$0.1 million in convertible notes we incurred in April 2025, and the issuance of 164,713 Class A Ordinary Shares through exercise of warrants for a total consideration of approximately US$0.2 million incurred in January 2025, our pro forma net tangible book value as of December 31, 2024 would have been US$(6,074,859), or US$(0.22) per share.

After giving effect to the pro forma adjustments set forth above and the sale of Class A Ordinary Shares in this offering by the Company at an initial public offering price of US$4.00 per share, and after deducting US$1.0 million in underwriting discounts and commissions and estimated offering expenses payable by our Company of approximately US$1.5 million and assuming no exercise by the underwriters of the over-allotment option to purchase additional Class A Ordinary Shares, the as adjusted net tangible book value as of December 31, 2024 would have been approximately US$3,451,242, or US$0.11 per share. This represents an immediate increase in as adjusted net tangible book value of US$0.34 per share to our existing stockholders and an immediate dilution of US$3.89 per share to new investors purchasing Class A Ordinary Shares in this offering.

The following table illustrates this dilution on a per share basis to new investors.

| Initial public offering price per Class A Ordinary Shares                                               
 Net tangible book value per share as of December 31, 2024                                               |     | US$ 
 US$ |  4.00 
 (0.23 | ) |
|:--------------------------------------------------------------------------------------------------------|:----|:----|------:|:--|
| Increase in net tangible book value per share attributable to the pro forma adjustments described above |     | US$ |