Knorex Stock Skyrockets Monday: What's Happening?

Knorex Ltd. (NYSE: KNRX) shares surged 361.84% to $1.40 following the announcement of a strategic carve-out of its publisher monetization subsidiary, AscendX Media Technologies. The carve-out will create an independently capitalized entity with external investors, allowing Knorex to focus on its core initiatives, including the KNOREX XPO programmatic advertising platform and KAIROS Agentic AI projects. AscendX is also in advanced discussions to onboard five new global publishers by Q4 2026.