Core Insights - The acquisition of Qeepsake is a transformative step for the company, enhancing its scale and potential in a capital-efficient manner [2] - The company has successfully executed a turnaround over the past 18 months, focusing on cost reduction, strengthening the balance sheet, and achieving positive operating cash flow [2] Acquisition Details - Qeepsake contributes a loyal subscriber base, complementary journaling technology, and a shared mission to help families capture and celebrate memories [3] - The combined entity will serve nearly 90,000 paid subscribers globally, creating a larger and more valuable platform [3] - The transaction is fully scrip-based with no cash outlay, completed at a fraction of the cost of organic subscriber acquisition [3] Strategic Positioning - The acquisition reflects a disciplined strategic approach to growth and positions the company for sustainable profitability in the next phase of its journey [4]