KNOREX Ltd. filings document the reporting record of a Cayman Islands exempted company and foreign private issuer listed on NYSE American. Its Form 6-K reports furnish interim financial statements, operating and financial review materials, press releases and investor presentation exhibits related to the company’s AI-driven programmatic advertising business.
The filing record also covers capital-structure and financing matters, including senior unsecured notes, share purchase arrangements, registration rights agreements and class A ordinary shares. Governance and accounting disclosures include executive finance leadership changes, changes in certifying accountants, audit committee approvals and auditor communications, along with related public-company reporting controls and risk disclosures.
KNOREX Ltd. reported revenue of $2,678,528 for the six months ended June 30, 2026, versus $2,826,381 a year earlier, and a net loss attributable to KNOREX of $5,434,380, versus $4,618,703. Operating cash used was $2,411,751, compared with $2,759,308.
At June 30, 2026, KNOREX had an approximately US$13.3 million working-capital deficit and an accumulated deficit of approximately $67.6 million; the company said these conditions raise substantial doubt about its ability to continue as a going concern. In September 2026, it issued 1,750,000 Class A ordinary shares under its equity line of credit at US$0.2772 per share, generating US$485,100 in gross proceeds. US$98,000 was offset against accrued and unpaid promissory-note interest, resulting in US$387,100 in net cash proceeds.
Knorex Ltd. (KNRX) exchanged $3,150,000 of outstanding principal on existing senior unsecured notes for new convertible notes with $3,363,411 in aggregate principal. Holders paid no additional cash consideration for the exchange.
The new notes are unsecured senior obligations, ranking senior to subordinated indebtedness and pari passu with the other Exchange Notes. They mature January 1, 2027 and are convertible at each holder’s option into Class A ordinary shares at the greater of 80% of the lowest Daily VWAP during the five Trading Days before conversion or the applicable floor price, equal to 20% of the NYSE American minimum price and subject to adjustment. Conversion generally cannot result in a holder and its affiliates owning more than 4.99% of outstanding ordinary shares; that limit may increase to 9.99% with advance notice and company consent. Knorex generally must use 100% of gross cash proceeds received by it or its subsidiaries from debt, equity or equity-linked financings, or asset dispositions, to prepay the notes and accrued interest immediately upon receipt. The requirement excludes transactions or uses of proceeds approved in writing by the holders.
KNOREX Ltd. is pursuing a proposed carve-out of its wholly owned publisher monetization subsidiary, AscendX Media Technologies Pte. Ltd. Under the contemplated structure, AscendX would be independently capitalized through investment from external investors, and KNOREX expects to retain a minority equity interest. If completed, the transaction is expected to eliminate the need for KNOREX to fund AscendX’s future growth and allow KNOREX to direct resources to priorities including the KNOREX XPO™ platform.
AscendX has moved from product development into commercial deployment, with global demand integrations and 5 additional publishers in advanced commercial discussions, expected to onboard in the fourth quarter of 2026 subject to completion of commercial agreements. No definitive agreements have been executed; the structure and terms remain subject to negotiation, due diligence, definitive agreements and applicable approvals. Because Phu Le, AscendX’s CEO and co-founder, is also a KNOREX director and Vice President of Operations, KNOREX’s Audit Committee will review and approve the proposed transaction.
KNOREX LTD. (KNRX) has filed a Form F-1 to register the resale of up to 156,787,119 Class A ordinary shares by three selling shareholders under an equity line arrangement. KNOREX is not selling shares in this resale but may sell shares privately to these investors for up to US$50.0 million in aggregate, with proceeds intended for working capital and general corporate purposes.
The company reported 2025 revenue of US$6.0 million and a net loss of US$11.5 million, ending 2025 with a stockholders’ deficit of US$(6.5) million and cash of US$0.1 million. NYSE American has notified KNOREX that it is not in compliance with stockholders’ equity listing standards, and KNOREX has submitted a plan to regain compliance by February 21, 2028; failure could lead to delisting.
Before this offering there are 30,423,113 Class A ordinary shares outstanding, and if all registered shares were issued, total Class A ordinary shares would rise to 187,210,232, implying significant potential dilution. KNOREX is an emerging growth company and foreign private issuer, which allows reduced U.S. reporting and governance requirements.
KNOREX Ltd. (KNRX) received a notice from NYSE American on August 21, 2026 that it is not in compliance with continued listing standards requiring stockholders’ equity of $2.0 million or $4.0 million, depending on loss history. KNOREX reported a stockholders’ deficit of $(6.5) million as of December 31, 2025 and net losses in each of its four most recent fiscal years, triggering the deficiency.
The company plans to submit a compliance plan by September 20, 2026, aiming to regain compliance by February 21, 2028. KNOREX’s shares continue trading on NYSE American for now, but failure to have its plan accepted or to meet milestones and the final compliance date may lead to delisting proceedings.
KNOREX LTD. (KNRX), a Cayman Islands company operating a multi-channel digital advertising platform (XPO), filed an annual report for the year ended December 31, 2025. Its Class A Ordinary Shares trade on the NYSE American, with 25,642,538 Class A and 4,780,575 Class B shares outstanding as of year-end 2025.
The business is highly concentrated: the top five customers contributed a large majority of revenue, and one largest customer materially reduced spending beginning February 2025 after its own client was hit by U.S. import tariffs. KNOREX reports 2025 revenue of US$6.0 million versus US$10.8 million in 2024, an approximately 44% decline primarily tied to this customer. The company highlights intense competition in ad tech, reliance on third-party inventory, data and cloud providers, extensive cybersecurity and data-privacy exposure, and significant regulatory and compliance obligations, including internal-control requirements under the Sarbanes-Oxley Act. It also discloses heavy dependence on key personnel and the need for additional capital to support growth.
KNOREX Ltd. reported the results of an Extraordinary General Meeting where shareholders removed director Wilson Chandra and elected three new directors: Kai Zhong, Lu Liu, and Truong Vinh Phu Le. Each resolution passed with approximately 100% of votes cast in favor, excluding abstentions.
Immediately after the meeting, the Board placed Mr. Chandra on administrative leave from his role as President and reconstituted its committees. The Audit, Nominating & Governance, and Compensation Committees are now chaired by independent directors, with Lu Liu designated as the audit committee financial expert. The Board now consists of five directors and is in compliance with NYSE American audit committee requirements.
KNOREX Ltd. has called a hybrid Extraordinary General Meeting on 24 June 2026 at 10:00 AM Singapore Time to vote on major board changes. Shareholders will consider an ordinary resolution to remove director Wilson Chandra and separate resolutions to appoint Kai Zhong, Lu Liu, and Truong Vinh Phu Le as directors, each effective immediately if approved.
The meeting was requisitioned by shareholders holding at least one-tenth of the voting rights, with a 12 June 2026 Record Date determining voting eligibility. Voting will be by poll, with Class A shares carrying one vote and Class B shares carrying five votes, and may be cast in person, virtually, or by proxy.
KNOREX Ltd. reported a change in its board composition. The company’s board met on 9 June 2026 and mutually agreed with Mr. Jayant Kadambi and Mr. Gordon Kwok Wai Lam to waive the 30-day contractual notice period tied to their earlier announced resignations.
As a result, both individuals’ resignations as Non-Executive Independent Directors took effect immediately upon the conclusion of that board meeting. The board expressed its appreciation to Mr. Kadambi and Mr. Lam for their service to the company.