KNOREX Ltd. Pursues Strategic Carve-Out of AscendX Publisher Monetization Business with External Growth Capital
ALLEN, Texas & SINGAPORE--(BUSINESS WIRE)--KNOREX Ltd. (“KNOREX” or the “Company”; NYSE American: 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