KNOREX Plans AscendX Carve-Out to Expand Publisher Monetization
KNOREX is planning to separate its publisher monetization subsidiary, AscendX Media Technologies, into an independently capitalized business as the company looks to expand its advertising infrastructure while concentrating KNOREX resources on its broader programmatic platform. Under the proposed structure, external investors would provide capital directly to AscendX, while KNOREX would retain a minority equity interest….
