Sunnyvale and Singapore, Oct. 01, 2025 — Knorex Ltd. (NYSE American:KNRX) (“Knorex” or the “Company”), a prominent AI-powered digital advertising solutions provider, announced today the completion of its initial public offering. The company offered 3,000,000 Class A ordinary shares (the “Shares”) at a price of $4.00 each (the “Offering”), generating gross proceeds of $12.0 million before deducting underwriting discounts and other expenses.
Furthermore, underwriters have been granted the option to purchase up to 450,000 additional Class A ordinary shares within 45 days, representing 15% of the Shares sold in the Offering, less underwriting discounts and commissions, to cover potential over-allotments.
Knorex’s Class A ordinary shares commenced trading on the NYSE American on September 29, 2025, under the ticker symbol “KNRX”.
The offering was a firm commitment offering. R. F. Lafferty & Co. Inc. served as the lead book-running manager, with Craft Capital Management LLC acting as co-manager. Morgan, Lewis & Bockius provided legal counsel to Knorex, while Hunter Taubman Fischer & Li LLC advised the underwriters.
The offering was made according to the Company’s Registration Statement on Form F-1, as amended, (File No. 333-283112) previously submitted to and declared effective by the SEC on September 29, 2025. The offering was conducted solely through a prospectus. Before making any investment decisions, it is advisable to review the prospectus and other documents filed or to be filed with the SEC for detailed information about the Company and the offering. These documents are accessible for free on the SEC’s EDGAR website at www.sec.gov. Alternatively, an electronic copy of the prospectus can be requested from R. F. Lafferty & Co. Inc., 40 Wall Street, Suite 3602, New York, NY 10005; (212) 293-9090.
This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any securities. Furthermore, no sales of these securities will occur in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the applicable securities laws.
About Knorex Ltd.
Established in 2009, Knorex Ltd. is a B2B tech firm specializing in AI-driven marketing automation and digital advertising solutions aimed at simplifying and optimizing digital marketing execution for businesses. The Company’s primary platform, Knorex XPOsm, is a cloud-based advertising technology powered by AI, enabling marketers to efficiently plan, execute, and optimize ad campaigns across various digital media channels, including social media, search, CTV/OTT, video, audio, display, native, and DOOH advertising.
By using AI/ML-driven automation, Knorex XPO allows advertisers to improve campaign performance, minimize wasted ad spending, and scale their marketing efforts while maintaining efficiency and transparency. The platform is designed to address the growing complexity in digital marketing by centralizing campaign execution and analytics into a unified, data-driven workflow.
Knorex serves global enterprises, agencies, and brands across multiple industries, providing automated, intelligent, and data-driven solutions to help them navigate the rapidly evolving digital advertising landscape. The company has a presence in the United States, Vietnam, India, Malaysia, and Singapore.
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FORWARD-LOOKING STATEMENTS
Certain statements in this release qualify as “forward-looking statements” under federal securities laws, including, but not limited to, expectations regarding the completion, timing, and size of the proposed offering, as well as statements concerning the intended use of proceeds from the sale of shares. These statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events that may affect the company’s financial condition, results of operations, business strategy, and financial needs, including the successful completion of the offering. These statements can often be identified by terms such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” or similar expressions. The Company is not obligated to update or revise any forward-looking statements to reflect subsequent events or changes in expectations, except as required by law. While the Company believes the expectations expressed in these statements are reasonable, it cannot guarantee their accuracy and cautions investors that actual results may differ materially from anticipated results. Investors are encouraged to review other factors that may affect future results in the Company’s registration statement and other filings with the SEC.
Contact:
Crescendo Communications, LLC
212-671-1020
KNRX@crescendo-ir.com
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