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KNOREX said AscendX would be separately capitalized with external investor funding, while KNOREX expects to retain a minority equity interest. No definitive agreements have been executed and the proposal remains subject to approvals.
Proposed structure would eliminate the need for Knorex to fund Ascendx's future growth while retaining an equity interest in Ascendx.
Knorex Ltd AMEX:KNRX
The structure would leave Knorex with a minority equity stake. AscendX is in commercial deployment across 10 live publishers and more than 70 app and game bundles.