KNOREX Ltd. Pursues Strategic Carve-Out of AscendX Publisher Monetization Business with External Growth Capital

 

Proposed Structure Would Eliminate The Need for KNOREX to Fund AscendX’s Future Growth While Allowing KNOREX to Retain an Equity Interest in AscendX

 

AscendX Has Moved from Product Development into Commercial Deployment, with Live Publishers, Global Demand Integrations and a Growing Pipeline

 

ALLEN, Texas and SINGAPORE – September 28, 2026 – KNOREX Ltd. (("KNOREX" or the "Company", NYSE:KNRX), a leading provider of AI-driven cross-channel programmatic advertising solutions, today announced that it is pursuing a strategic carve-out of AscendX Media Technologies Pte. Ltd. ("AscendX"), its wholly owned publisher monetization subsidiary. Under the proposed structure, AscendX would be separated and independently capitalized with investment from external investors, and KNOREX expects to retain a minority equity interest in AscendX.

 

The proposed carve-out is expected to enable AscendX’s growth with capital raised directly by AscendX from external investors. If completed, KNOREX expects the transaction to eliminate the need for KNOREX to fund AscendX’s future growth and allow the Company to dedicate its resources to the KNOREX XPO™ platform and other strategic priorities. Through its retained minority equity interest in AscendX, KNOREX would continue to participate in AscendX’s potential future value creation.