Business
Knorex Ltd Announces Pricing of $12 Million Initial Public Offering
SUNNYVALE, Calif. and Singapore, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Knorex Ltd. (NYSE American:KNRX) (“Knorex” or the “Company”), a leading provider of AI-driven digital advertising products and solutions, today announced the pricing of its initial public offering of an aggregate of 3,000,000 Class A ordinary shares (the “Shares”), all of which are being offered by Knorex at a public offering price of $4.00 per share (the “Offering”), for aggregate gross proceeds of $12.0 million, prior to deduc
About this update from Knorex Ltd.
[{"type":"image","alt":"KNOREX LTD","displaySize":"","headline":null,"caption":"KNOREX LTD","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":66,"url":"https://media.zenfs.com/en/globenewswire.com/15ae1477c378fac7edc44c3f2c977774"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hC2z2Gfny0_b7Vx9Y8P5VQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTkyO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/15ae1477c378fac7edc44c3f2c977774","width":300,"height":66}},"lazy":false},{"type":"text","content":"SUNNYVALE, Calif. and Singapore, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Knorex Ltd. (NYSE American:KNRX) (“Knorex” or the “Company”), a leading provider of AI-driven digital advertising products and solutions, today announced the pricing of its initial public offering of an aggregate of 3,000,000 Class A ordinary shares (the “Shares”), all of which are being offered by Knorex at a public offering price of $4.00 per share (the “Offering”), for aggregate gross proceeds of $12.0 million, prior to deducting underwriting discounts and other offering expenses.","length":556,"tagName":"p"},{"type":"text","content":"In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 Class A ordinary shares at the initial public offering price, representing 15% of the Shares sold in the Offering, less underwriting discounts and commissions, to cover over-allotments. The Offering is expected to close on or about September 30, 2025, subject to satisfaction of customary closing conditions.","length":418,"tagName":"p"},{"type":"text","content":"The Company’s Class A ordinary shares are expected to begin trading on the NYSE American on September 29, 2025, under the symbol “KNRX”.","length":136,"tagName":"p"},{"type":"text","content":"The Offering is conducted on a firm commitment basis. R. F. Lafferty & Co. Inc. is acting as the lead book-running manager, and Craft Capital Management LLC is acting as co-manager for the Offering. Morgan, Lewis & Bockius is acting as legal counsel to the Company and Hunter Taubman Fischer & Li LLC is acting as legal counsel to the underwriters in connection with the Offering.","length":392,"tagName":"p"},{"type":"text","content":"The Offering is being conducted pursuant to the Company’s Registration Statement on Form F-1, as amended, (File No. 333-283112) previo...