Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 234

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 234
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 |     | $                        |     5,354,683 |     | $   |     3,748,117 |
| International  |     |                          |       142,735 |     |     |       147,710 |
| Total revenues |     | $                        |     5,497,418 |     | $   |     3,895,827 |

Note 17 – Subsequent events

The Company evaluated subsequent events and transactions that occurred after the date of these unaudited condensed consolidated financial statements were issued. Based on this review, except as disclosed below, the Company did not identify any other subsequent events that would require adjustment or disclosure in the unaudited condensed consolidated financial statements.

Shares re-designation and reorganization

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 Reorganization was completed and the Company now owns 100% of Knorex SG. As a result, since incorporation, the Company’s outstanding shares has increased from 1 share to become 27,258,400 ordinary shares. On September 30, 2024, the Company issued warrants to shareholders of the Company, who were previously shareholders of Knorex SG, and certain other persons pursuant to the restructuring agreement in exchange for warrants previously issued to them by Knorex SG.

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 was part of the 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 issuance.

Cancellation of warrants

On October 9, 2024, one of the Company’s warrant holders forfeited its exercise rights and cancelled its existing 67,850 warrants.

In January 2025, a total of 164