KNOREX proposes carve-out of AscendX publisher monetization business, stock halted

KNOREX (KNRX) announced a proposed strategic carve-out of its AscendX subsidiary. AscendX would receive external capital, and KNOREX would retain a minority stake. The move eliminates KNOREX's future funding obligations for AscendX and allows focus on the core XPO platform. No definitive agreements are in place. The stock was halted pending the news.