Not just the lack of transparency, they went bankrupt after the tablet fiasco (never refunded most of the people) and bought by some investment firm connections to the Russian state (not the thing you want from a privacy-friendly product / system) what they tried to keep secret.

AFAIK they have bought by some other company (again) since then, but they have basically nothing. Most of their Sailfish OS is actually closed source (like AOSP vs all the apps from Google), they don't have any hardware, they just re-flash some phone from Sony.

I had high hopes for them, but now wouldn't even touch them with a stick. Pixel with GrapheneOS seems to be a much better choice and maybe even closer to their original ideologies.