For anyone else wondering, they raised $670,000 from 42 small investors in June 2023. Non-traditional fundraise. I agree that spending that money on t-shirts is weird. As a new Kagi subscriber I don't want a t-shirt. I want a thriving search engine.
While it sounds like they will print 20k no matter what, it doesn’t seem like they will randomly ship them out to users. They really can’t, as they don’t have the addresses of all their users.