Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 76

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 76
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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. For details, see “Description of Share Capital—Warrants”
in this prospectus.

The chart below illustrates our corporate structure as of the date of this prospectus:

PIPE Investment

On September 19, 2025, the Company entered into subscription agreements
with two investors separately (the “PIPE Investors”), pursuant to which the PIPE Investors agreed to purchase from Company,
and the Company agreed to issue new Class A ordinary shares for an aggregate subscription amount of $11,000,000. The subscription price
per share shall equal to the volume-weighted average price (VWAP) of the Company’s shares on the NYSE American Market for the 30
trading days immediately preceding the closing of the relevant subscription, which shall take place within 3 to 6 months following the
consummation of our initial public offering.

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<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with the section entitled “Selected Consolidated Financial and Operating Data” and our consolidated financial statements and the related notes included elsewhere in this prospectus. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results and the timing of selected events could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under “Risk Factors” and elsewhere in this prospectus.

Overview