SINGAPORE - KNOREX Ltd. (NYSE:KNRX) received a notice from NYSE Regulation on Monday indicating the company is not in compliance with continued listing standards after failing to file its annual report on time.
The company missed the extended May 15, 2026 deadline to file its Form 20-F annual report for the fiscal year ended December 31, 2025. It had previously filed a Form 12b-25 for an extension.
NYSE American will monitor the status for six months through November 15, 2026. If the company fails to file, the exchange may allow trading for an additional six months through May 15, 2027.
The notice has no immediate impact on the listing of the company's class A ordinary shares. They will continue trading on NYSE American during the cure period.
KNOREX is working with accounting, audit and legal professionals to prepare the Form 20-F. However, there is no assurance it will regain compliance.
The company provides AI-driven advertising technology solutions. It operates in the United States, Vietnam, India, Malaysia, and Singapore.
KNOREX faces financial pressures. Its current ratio is just 0.12, indicating liquidity issues. Market capitalization stands at $24.3 million. The company posted a loss of $7.6 million over the last twelve months.
The stock has declined 75% over the past year. It currently trades at $0.78, near its 52-week low of $0.74.
