Knorex Prices IPO Of 3M Class A Ordinary Shares At $4/Shr For Gross Proceeds Of $12M

Knorex Ltd. (NYSE: 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.

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.

The Company's Class A ordinary shares are expected to begin trading on the NYSE American on September 29, 2025, under the symbol "KNRX".