Mergers & Acquisitions ·
KNOREX pursues strategic carve-out of AscendX Media Technologies to secure external growth capital
KNRXKnorex Ltd.
KNOREX Ltd. announced on September 28, 2026, that it is pursuing a strategic carve-out of its wholly owned subsidiary, AscendX Media Technologies Pte. Ltd., to be independently capitalized with external growth capital. Under the proposed structure, KNOREX expects to retain a minority equity interest in AscendX while eliminating the need for KNOREX to fund the subsidiary's future growth. This transaction would allow KNOREX to dedicate resources to its core KNOREX XPO™ platform and Agentic AI initiatives. AscendX has deployed across 10 live publishers, supported over 2.0 billion advertising impressions year-to-date in 2026, and is integrating with major demand platforms including The Trade Desk and Meta Audience Network. Five additional publishers are in advanced discussions for onboarding in Q4 2026. No definitive agreements have been executed, and the transaction remains subject to negotiation and approvals. KNOREX Ltd. operates in the technology industry, providing AI-driven cross-channel programmatic advertising solutions.