I'm in a similar situation here. Today, I wanted to recommend Enpass as a password manager to a friend because it offers a lifetime license. Unfortunately, I couldn't find it anymore and told my friend not to use Enpass.
Since I'm lucky enough to still have a permanent license, I'm not under too much time pressure to find a new password manager for myself.
Experience shows that switching to a subscription-only model and removing the option to purchase a lifetime license is a bad sign for the future.
Experience also teaches us that subscription models are always bad and expensive for customers. That's why I quickly replaced all programs that switched to subscription models with ones that also offer a perpetual license. I have also started looking for a different password manager today to replace Enpass.
If Enpass had decided to offer a discounted upgrade price for owners of a perpetual license for a new major version, I would have gone along with it. With the switch to a subscription model, I fear the worst for me as a customer and will now go a different way.