Selling Shareholders Register to Sell Up To 39.46 Million Shares, Valued at $365 Million

summarizeSummary

Eastman Kodak's selling shareholders have registered to sell up to 39.46 million shares of common stock, a transaction valued at approximately $365 million from which the company will receive no proceeds.

check_boxKey Events · Financing and Capital Events · KODK

• Massive Secondary Offering Registered

  Selling shareholders have registered to sell up to 39,458,543 shares of common stock, representing approximately 40.3% of the company's outstanding shares.

• Significant Transaction Value

  Based on the last reported sale price of $9.25 per share (June 30, 2026), the potential offering is valued at approximately $365 million.

• No Proceeds to Company

  Eastman Kodak Company will not receive any proceeds from the sale of these shares, as it is a secondary offering by existing shareholders.

• Update to Existing Shelf Registration

  This filing is a supplement to a prospectus dated August 12, 2021, and significantly increases the number of shares that may be sold by selling shareholders compared to the S-3 filed earlier today.

auto_awesomeAnalysis · KODK · Industrial Applications And Services

This prospectus supplement details a massive potential secondary offering by various selling shareholders, who may sell up to 39.46 million shares of common stock. This represents over 40% of the company's currently outstanding shares and is valued at approximately $365 million based on the last reported price in the filing. The company will not receive any proceeds from these sales, meaning existing shareholders face significant potential dilution without any direct capital infusion for company operations. This filing significantly expands the scope of potential sales compared to the S-3 shelf registration filed earlier today, which indicated 4.43 million shares.