Originating from New Zealand and headquartered in San Francisco, our organization entered the global stage in 2016, initially focusing on a single, revolutionary footwear design that eventually became a household name. Since those early days, we have successfully distributed millions of products, consistently upholding our core promise to deliver exceptional comfort, adaptable aesthetics, and superior durability. This success is underpinned by our dedication to material science, specifically our proprietary midsole technology derived from sugarcane, as well as our innovative use of renewable textiles such as eucalyptus tree fibers and high-grade Merino wool. Our philosophy remains steadfast: consumers should never have to decide between the high quality of their products and the well-being of the planet.
Our recent corporate trajectory has seen significant evolution, particularly regarding our strategic operations and business structure. In the spring of 2026, we reached a pivotal moment in our organizational history by entering into a definitive agreement to transfer our brand identity and footwear assets to the American Exchange Group. This decision ensures that the foundational values we have built—sustainability, material innovation, and thoughtful design—will continue to be nurtured and expanded by a team well-versed in accessory manufacturing and market development. This move reflects a broader strategic realignment aimed at transitioning our business focus, evidenced by our recent entry into financing agreements designed to support a shift toward artificial intelligence and high-performance computing infrastructure.
Throughout this period of transformation, we have maintained a steady cadence of product innovation and consumer engagement. Even while preparing for these significant corporate shifts, we remained committed to the design and launch of fresh collections. For instance, in April 2026, we collaborated with global color authority Pantone to introduce a vibrant new series of canvas footwear. Drawing inspiration from the diverse and striking palette found in the natural world, this collection showcased a wide range of colors designed to empower our customers and celebrate bold self-expression. This launch served as a final testament to our ongoing efforts to blend creative design with our classic silhouette structures.
Our journey as a public entity on the NASDAQ stock exchange has been defined by our commitment to sustainable lifestyle products and radical transparency regarding our financial and operational health. While we have taken steps to adjust our public disclosures—including the cancellation of certain earnings calls following the announcement of our asset sale—our focus has consistently been on creating a legacy of responsibility. By integrating sustainable practices into the core of our business model, we have demonstrated that a commercial enterprise can grow while remaining deeply connected to the environmental causes that matter most to our community. As we look toward the future and our move into the tech and compute infrastructure sector, we carry with us the same spirit of inquiry, environmental consideration, and dedication to excellence that allowed us to reshape the footwear industry. We remain proud of the millions of items currently in use across the globe and look forward to how our commitment to better materials and better processes will inform our next chapter of growth and innovation.