Eastman Kodak Company entered into an At-The-Market (ATM) Equity Offering Sales Agreement with BofA Securities, Inc. on May 21, 2025. This agreement allows the company to offer and sell up to $100,000,000 of its common stock from time to time.
The shares will be sold in 'at-the-market' offerings through BofA, acting as either a sales agent or principal. This type of offering provides the company with flexibility to raise capital as market conditions permit.
Kodak intends to use the net proceeds generated from the sale of these shares for general corporate purposes. This financing move aims to bolster the company's liquidity and support its ongoing operations and strategic initiatives.
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