Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 266

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 266
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 of grant date is US$9,063,846, using Black-Scholes Model. The fair value of the warrants is estimated using the following assumptions: (1) expected volatility of 63.11% using comparable companies, (2) risk-free interest rate of 5.03%, (3) expected life of two (2) years, (4) exercise price of US$1.58 and (5) stock price of US$1.58.

The Company then applied the relative fair value of the warrants of US$2,455,068 and US$3,006,167 into capital and recognized the same value as a deemed dividend at the time of issuance, respectively.

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

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, 2021 |     |             |   705,450 |   |     |             |   705,450 |   |     |          |   705,450 |   |     | $        | 2.18 |     |             | 4.15 |
| Granted           |     |             |         - |   |     |             |         - |   |     |          |         - |   |     | $        |    - |     |             |    - |
| Forfeited         |     |             |         - |   |     |             |         - |   |     |          |         - |   |     | $        |    - |     |             |    - |
| Exercised         |     |             |         - |   |     |             |         - |   |     |          |