Company: KNRX
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001641172-25-025066
Chunk: 224

Company: KNOREX LTD.
Filing Date: 2025-08-21
Form: F-1/A
Chunk 224
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 warrants is estimated using the following assumptions: (1) expected volatility of 56.83% using comparable companies, (2) risk-free interest rate of 4.72%, (3) expected life of 2 years, (4) exercise price of US$3.33 (70% of stock price), and (5) stock price of US$4.75 (the midpoint of the estimated proposed IPO price range of $4.00 and $5.50 per share).

In November 2023, a total of 317,250 warrants were exercised to subscribe for the Company’s Class A Ordinary Shares for a total consideration of approximately US$0.5 million.

In March 2024, a total of 810,425 warrants were exercised to subscribe for the Company’s Class A Ordinary Shares for a total consideration of approximately US$1.3 million.

On October 9, 2024, one of the Company’s warrant holders forfeited its exercise rights and cancelled its existing 67,850 warrants.

The summary of warrants activity is as follows:

|                   |     | Warrants    
 Outstanding |           |   |     | Warrants    
 Exercisable |           |   |     | Class A  
 Ordinary 
 Shares   
 Issuable |           |   |     | Weighted 
 Average  
 Exercise 
 Price    
 US$      |      |     | Average     
 Remaining   
 Contractual 
 Life (in    
 years)      |      |
|:------------------|:----|:------------|----------:|:--|:----|:------------|----------:|:--|:----|:---------|----------:|:--|:----|:---------|-----:|:----|:------------|-----:|
| December 31, 2022 |     |             |   705,450 |   |     |             |   705,450 |   |     |          |   705,450 |   |     | $        | 2.18 |     |             | 3.15 |
| Granted           |     |             | 5,182,075 |   |     |             | 5,182,075 |   |     |          | 5,182,075 |   |     | $        | 1.58 |     |             | 2.00 |
| Forfeited         |     |             |         - |   |     |             |         - |   |     |          |         - |