Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 272

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 272
---
A Ordinary Shares of par value US$0.0005 each and 10,000,000 Class B Ordinary Shares of par value US$0.0005 each. On September 25,
2024, the Company re-designated the 20 ordinary shares into 20 Class B Ordinary Shares of par value US$0.0005 each.

On September 30, 2024, the Company entered into restructuring
agreement with the shareholders of Knorex SG, resulting in the shareholders of Knorex SG becoming 100% shareholders of the Company. As
of the date of this prospectus, the Company has completed the Reorganization and the Company now owns 100% of Knorex SG. As a result,
the Company has a total of 22,477,825 Class A Ordinary Shares of par value US$0.0005 each and 4,780,575 Class B Ordinary Shares of par
value US$0.0005 each. As a result, since incorporation, the Company’s outstanding shares has increased from 1 share to become 27,258,400
ordinary shares.

The Company considered the change in its authorized
share capital on February 26, 2024 to be a 1-for-20 split of its ordinary shares. The new issuance of an aggregate of 27,258,380 Class
A Ordinary Shares of par value US$0.0005 each and Class B Ordinary Shares of par value US$0.0005 each on September 30, 2024 were
part of the Company’s Reorganization prior to completion of its initial public offering. The Company believed it is appropriate
to reflect above transactions on a retroactive basis similar to stock split or dividend pursuant to ASC 260. All shares and per share
amounts used herein and in the accompanying unaudited condensed consolidated financial statements have been retroactively adjusted to
reflect the share split.

As of December 31, 2023 and 2022, the Company has 21,667,400 and 16,982,375 Class A Ordinary Shares issued and outstanding, respectively.

As of December 31, 2023 and 2022, the Company has 4,780,575 Class B Ordinary Shares issued and outstanding.

Warrants

On March 30, 2023, the Company issued a total of 2,328,150 warrants to the Company’s Class A Ordinary Shares investors in connection Class A Ordinary Share equity financing. The Company estimates that the fair