Recent Updates — KNRX
KNOREX Ltd. reported a net loss of $5.4 million for the six months ended June 30, 2026, compared to a $4.6 million loss in the prior year period. Revenue declined 5.2% to $2.7 million from $2.8 million, driven by reduced spending from major U.S. customers and fluctuations in campaign budgets. Operating expenses increased 30% to $6.4 million, primarily due to a $2.3 million rise in general and administrative costs related to capital management and fundraising activities. The company reported a working capital deficit of approximately $13.3 million as of June 30, 2026, raising substantial doubt about its ability to continue as a going concern. KNOREX Ltd. operates an advertising technology platform that provides data-driven automation and media buying services.
KNOREX Ltd. exchanged an aggregate of $3,150,000 in outstanding principal amount of existing senior unsecured promissory notes for new convertible promissory notes with an aggregate principal amount of $3,363,411. The transaction involved capitalizing accrued interest and applying a 2.5% original issue discount. The new notes mature on January 1, 2027, and are convertible into Class A ordinary shares at a price based on the greater of 80% of the five-day VWAP or a floor price tied to NYSE American minimums. The company must use 100% of gross proceeds from future financings or asset sales to prepay these notes. KNOREX Ltd. operates in the technology sector, providing software solutions for the insurance industry.
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.
KNOREX Ltd. received a notice from NYSE American on August 21, 2026, indicating non-compliance with continued listing standards due to a stockholders' deficit of $6.5 million as of December 31, 2025, and net losses in its last four fiscal years. The company intends to submit a plan of compliance by September 20, 2026, aiming to regain compliance with equity requirements by February 21, 2028. Failure to meet these standards or the plan's acceptance could trigger delisting proceedings. KNOREX Ltd. operates in the technology industry as a provider of AI-driven cross-channel advertising solutions.
At an Extraordinary General Meeting on June 24, 2026, shareholders voted to remove Wilson Chandra as a Director. Following the meeting, the Board placed Mr. Chandra on administrative leave from his role as President. Shareholders elected Kai Zhong, Lu Liu, and Truong Vinh Phu Le as new directors. The Board subsequently reconstituted its Audit, Nominating & Governance, and Compensation committees, designating Mr. Lu Liu as the audit committee financial expert. The company operates in the technology sector providing specialized software and services.
KNOREX Ltd. has convened an Extraordinary General Meeting (EGM) on June 24, 2026, following a statutory requisition from shareholders holding at least 10% of voting rights. The agenda includes resolutions to remove Mr. Wilson Chandra from the Board of Directors and appoint new directors Mr. Kai Zhong, Mr. Lu Liu, and Mr. Truong Vinh Phu Le. KNOREX Ltd. is a Singapore-based company providing technology and software solutions.