Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 76

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 76
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 warrants with an aggregate value of US$260,000 in consideration
for providing a loan to the Company. The warrants will expire in June 2027. For details, see “Description of Share Capital—Warrants”
in this prospectus.

The chart below illustrates our corporate structure as of the date of this prospectus:

PIPE Investment

On September 19, 2025, the Company entered into subscription agreements with two investors separately (the “PIPE Investors”), pursuant to which the PIPE Investors agreed to purchase from Company, and the Company agreed to issue new Class A ordinary shares for an aggregate subscription amount of $11,000,000. The subscription price per share shall equal to the volume-weighted average price (VWAP) of the Company’s shares on the NYSE American Market for the 30 trading days immediately preceding the closing of the relevant subscription, which shall take place within 3 to 6 months following the consummation of our initial public offering.

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<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with the section entitled “Selected Consolidated Financial and Operating Data” and our consolidated financial statements and the related notes included elsewhere in this prospectus. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results and the timing of selected events could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under “Risk Factors” and elsewhere in this prospectus.

Overview

We are a B2B technology company
specializing in providing programmatic advertising products and solutions to marketers to streamline and automate their advertising and
marketing workflows. Our software offers marketers cost-effective solutions and productivity-enhancing capabilities to target their desired
audience across various ad channels and devices through automated processes and algorithms, which is known as “programmatic advertising”
in our industry. Leveraging our proprietary AI/ML technology and steered by the marketers’ directive, our cloud-based software
can autonomously execute split-second landscape purchasing transactions, strategically acquiring advertising placements and optimizing
online advertisement from the global advertisement and data marketplaces using the insights gleaned from diverse data points consolidated
across various ad channels, including the Open Internet and the Walled Gardens. It is critical for marketers to connect to as many online
ad channels as possible to attain sufficient reach to engage with their desired audience at the