Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 91

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 91
---
 we raised US$1.6 million of short-term debt financing from third parties, related parties, and existing investors,
with maturities in September 2025. Two of the lenders further subscribed for approximately US$0.1 million convertible notes. In May 2025,
we also obtained an additional US$0.2 million from a US-based bank.

In
May 2025, we secured approximately US$1.0 million in short-term debt financing from an existing investor, maturing in
September 2025, subject to a one-time interest charge of 10%. In connection with this financing, we issued 100,000 warrants to the investor, exercisable at US$2.6
per share and expiring in June 2027.

In
July and August 2025, we secured additional US$0.8 million of short-term debt financing from existing investors with maturity in September
2025.

As
of the date of this prospectus, our available cash resources amounted to approximately US$0.8 million. The minimum period of time
that we expect to be able to conduct our planned operations using only currently available cash resources is approximately three months
without additional cash raised from financing.

We had a working
capital deficit of approximately US$6.0 million as of December 31, 2024. This raises substantial doubt about our ability
to continue as a going concern.

To sustain our
ability to support our operating activities, we considered supplementing our sources of funding through the following:

| ● | Equity                                                                     
 financing through private placements or initial public offerings;          |
| ● | Debt                                                                       
 financing through issuance of convertible notes or traditional bonds; and  |
| ● | Other                                                                      
 available sources of financing from banks or other financial institutions. |

Management has
commenced a strategy to raise debt and equity. However, there can be no certainty that these additional financings will
be available on acceptable terms or at all. If management is unable to execute this plan, there will likely be a material adverse effect
on our business. All these factors raise substantial doubt about the ability of us to continue as a going concern.

The consolidated
financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Further to our ability
to support our operating activities from the potential equity and debt financing as discussed above, the ability to support our operating
activities is also affected by the timeliness of receiving the accounts receivable balances from