Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 90

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 90
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 for approximately US$3.7 million. In November 2023, we completed additional equity financing through the issuance of shares for approximately US$4.5 million. Between November 2023 and March 2024, we received a total consideration of approximately US$1.8 million from the exercise of warrants to subscribe for our ordinary shares. In April 2024, we completed our convertible notes offering and raised approximately US$1.6 million. Between July 2024 and January 2025, we further raised US$2.5 million of short-term loans from third parties and related parties. In January 2025, we received a total consideration of approximately US$0.2 million from the exercise of warrants to subscribe for our ordinary shares. We also expect to use net proceeds from this offering to support our working capital and capital expenditure requirements.

Between
February and June 2025, 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 September 2025, we secured additional US$1.0 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