Overview

• Kodak’s mandatory SEC filing flagged substantial doubts about its ability to continue as a going concern due to roughly $500 million of liabilities falling due within 12 months without secured financing
• The company reported holding about $155 million in cash and cash equivalents as of June 30, highlighting a significant liquidity gap
• Kodak has suspended contributions to its pension plan and is pursuing debt repayments, extensions and refinancing to shore up its balance sheet
• The disclosure sent Kodak’s share price down by approximately 25 percent intraday as investors reacted to renewed solvency concerns
• Management says it remains confident in securing funding to address most short-term obligations, though talks with creditors are ongoing and outcomes are still uncertain