Kodak Insists It Is Not 'Going Out of Business'

Kodak insists it is not 'going out of business'

Iconic film company Kodak has issued a strongly-worded statement denying it is “ceasing operations, going out of business, or filing for bankruptcy”. The denial follows a report earlier this week that it would be unable to pay roughly $500 million in upcoming debt obligations. However, the company said there had been a “fundamental misunderstanding” of a recent technical disclosure it made to the SEC in its recently filed second quarter earnings…

Kodak to Remain a 'Going Concern' Despite Reports

Kodak makes headlines this week after a 10-Q filing has raised questions about the company's future. But the reality is more nuanced.