Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 141

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 141
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 SG. The warrants issued by the Company included:
(i) a total of 4,692,100 warrants with an aggregate amount of US$7,722,941 and (ii) a set of warrants with an aggregate amount of US$836,597,
both exercisable for the same type of securities the Company issues in its next immediate equity financing round that involves the issuance
of preference shares or preferred securities in the Company to raise funds for the Company (or Class A Ordinary Shares if such immediate
equity financing round is our Company’s initial public offering). The expiration dates of the warrants range from December 2024
to December 2026. In January 2025, a total of 164,713 warrants described in (i) above were exercised to subscribe for 164,713 Class A
Ordinary Shares with the remaining 4,527,387 warrants been cancelled in exchange for the issuance of a total of 4,527,387 warrants with
an aggregate amount of US$7,073,397.74 to extend the expiration dates to a period range from March 2026 to December 2027. The exercise
price for the warrants described in (ii) above with an aggregate amount of US$836,597 shall be determined by reference to the issue price
of the types of securities and shall be equal to the issue price of the securities being offered in the next immediate equity funding
round (or equal to 65% of the issue price of Class A Ordinary Shares if the next immediate equity funding round is the Company’s
initial public offering), subject to adjustment for certain dilutive events such as, among other things, subdivision, reclassification,
redenomination, conversion or consolidation of securities, capitalization, capital distribution, and rights issue. The maximum number
of shares that each of these warrant holders may subscribe for shall be determined by dividing the sum of the maximum subscription sum
of the relevant warrant holder by the exercise price, as adjusted for dilutive event(s) where applicable, corrected up to the nearest
whole number.

Differences in Corporate Law

We were incorporated under, and are governed by, the laws of the Cayman Islands. The corporate statutes of the State of Delaware and the Cayman Islands are similar, and the flexibility available under Cayman Islands law has enabled us to adopt a memorandum and articles of association that will provide shareholders with rights that do not vary in any material respect from those they would enjoy if we were incorporated under Delaware law. Set forth below is a