Knorex Ltd Announces Pricing of $12 Million Initial Public Offering

Core Viewpoint - Knorex Ltd. has announced the pricing of its initial public offering (IPO) of 3,000,000 Class A ordinary shares at a price of $4.00 per share, aiming for gross proceeds of $12.0 million before expenses [1][2]. Company Overview - Knorex Ltd. is a B2B technology company founded in 2009, specializing in AI-driven marketing automation and digital advertising solutions [7]. - The company's flagship platform, Knorex XPOsm, is an AI-powered, cloud-based advertising technology platform that facilitates efficient planning, execution, and optimization of cross-channel ad campaigns [7][8]. - Knorex serves global enterprises, agencies, and brands across various industries, with operations in the United States, Vietnam, India, Malaysia, and Singapore [9]. IPO Details - The IPO includes a 45-day option for underwriters to purchase an additional 450,000 Class A ordinary shares, representing 15% of the shares sold in the offering [2]. - The offering is expected to close on or about September 30, 2025, pending customary closing conditions [2]. - Class A ordinary shares are set to begin trading on the NYSE American under the symbol "KNRX" on September 29, 2025 [3]. Underwriting and Legal Counsel - The offering is conducted on a firm commitment basis, with R. F. Lafferty & Co. Inc. as the lead book-running manager and Craft Capital Management LLC as co-manager [4]. - Legal counsel for the company is provided by Morgan, Lewis & Bockius, while Hunter Taubman Fischer & Li LLC represents the underwriters [4].