KNOREX Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by KNOREX Ltd. covers the month of August 2026. The report addresses a regulatory notice received from NYSE Regulation regarding the Company's compliance with continued listing standards on the NYSE American.
Key Financial Metrics
The filing does not provide current revenue, profit, cash flow, or margin data for the period ending August 2026. However, it discloses the following historical financial status:
- Stockholders' Equity: A deficit of $(6.5) million as of December 31, 2025.
- Profitability: The Company reported net losses in each of its last four fiscal years.
- Debt and Liquidity: Specific debt or liquidity figures are not provided in this filing.
Material Changes and Listing Status
On August 21, 2026, the Company received a Notice of non-compliance with NYSE American continued listing standards due to:
- Failure to meet the $2.0 million stockholders' equity requirement for companies with losses in two of the last three fiscal years.
- Failure to meet the $4.0 million stockholders' equity requirement for companies with losses in three of the last four fiscal years.
As of the filing date, the Company's Class A ordinary shares continue to be listed and traded, subject to other listing requirements.
Outlook, Risks, and Contingencies
Compliance Plan: The Company intends to submit a plan of compliance to the NYSE American by September 20, 2026, aiming to regain compliance by February 21, 2028.
Risks:
- Delisting Risk: If the compliance plan is not accepted, or if the Company fails to meet the standards by the February 21, 2028 deadline, delisting proceedings will commence.
- Uncertainty: There is no assurance that the Company will regain compliance during the cure period.
- Forward-Looking Statements: The filing references expectations regarding a proposed Offering, noting that actual results may differ materially from projections.
Investor Verification Checklist
- Verify the submission and acceptance status of the compliance plan by September 20, 2026.
- Monitor the Company's stockholders' equity to ensure it moves from a deficit toward the $2.0 million or $4.0 million thresholds.
- Review the attached press release (Exhibit 99.1) for details on the proposed Offering and use of proceeds.
- Track progress reports to ensure the Company remains on track for the February 21, 2028 compliance deadline.