Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 273

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 273
---
 value of the warrants on the date of grant date is US$7,418,954, using Black-Scholes Model. The fair value of the warrants is estimated using the following assumptions: (1) expected volatility of 68.14% using comparable companies, (2) risk-free interest rate of 4.10%, (3) expected life of two (2) years, (4) exercise price of US$1.58 and (5) stock price of US$1.58.

On October 30, 2023, the Company issued a total of 2,853,925 warrants to the Company’s Class A Ordinary Shares investors in connection Class A Ordinary Share equity financing. The Company estimates that the fair value of the warrants on the date 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 |