KNOREX Pursues Strategic Carve-Out Of AscendX Media Technologies Subsidiary; AscendX Would Be Separated And Independently Capitalized With Investment From External Investors, And KNOREX Expects To Retain A Minority Equity Interest In AscendX
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 is splitting off its AscendX business into a separate company. New investors will help fund it while KNOREX keeps a smaller piece.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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