Upgrade to Matchbox 2 licensing issue(s)

macOS Sequoia 15.5
Mac Studio (March 2022)
Processor M1 Ultra 20 Core
Memory 128 GB
4 TB storage

I hadn’t used Matchbox in some years after initial purchase. An opportunity to use the software again came up.

I fired it up and was offered an update. After updating and restarting Matchbox, an Activation is required dialog box pops up. I searched for my initial license activation code and entered it and the message that followed said the ‘code redemption limit has been reached.’

Just trying to understand if this is a glitch or if I’m being asked to purchase a new license. Just searching for clarity.

UPDATE: Discovered I’ll have to pay to upgrade. I’ll revert back to the previous version.

Yeah, you’re offered v2 but it doesn’t install it automatically.
V1 → V2 is a paid upgrade.
Previous version is always available on the downloads page near the bottom.