Kodak company clarifies: No plans to cease operations, terminate business, or file for bankruptcy protection.
On August 19, Kodak issued a statement regarding misleading media reports: Some media reports about Kodak ceasing operations, terminating business, or filing for bankruptcy are inaccurate and reflect a fundamental misunderstanding of the technical disclosure information in Kodak's second quarter financial report submitted to the U.S. Securities and Exchange Commission. These reports are misleading and lack key background information, and we would like to clarify them. Kodak has no plans to cease operations, terminate business, or file for bankruptcy protection; instead, Kodak is confident in completing repayment, extension, or refinancing of debts and preferred stock before or at maturity. In addition to significantly reducing debt and interest expenses, we believe our business is stable and self-sustaining. In the second quarter of 2025, we only used $3 million in cash, primarily for growth investments, showing significant improvement compared to the first quarter, and we have no plans to rely on cash from pension plan transactions to fund our operations. In short, Kodak is confident in fulfilling all obligations and optimistic about future prospects.
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