Core Viewpoint - Kodak has issued a statement clarifying that recent media reports about the company ceasing operations, terminating business, or filing for bankruptcy are inaccurate and reflect a fundamental misunderstanding of its recent SEC disclosures [4][5]. Financial Position - Kodak has no plans to cease operations, terminate business, or file for bankruptcy protection [5]. - The company is confident in its ability to repay, extend, or refinance debts and preferred stock before or at maturity [5]. - Following planned transactions expected to complete in early next year, Kodak's balance sheet is projected to significantly improve, nearly achieving net debt elimination [5]. Pension Plan - Kodak has been preparing to terminate its pension plan and expects to receive approximately $500 million in assets upon completion of the transaction by December 2025, including about $300 million in cash and $200 million in cash-convertible investment assets [5][6]. Debt Situation - Currently, Kodak has $477 million in loans and $100 million in issued preferred stock. According to loan agreements, $300 million of the expected cash from the pension plan transaction must be used to repay loans [6]. - Kodak plans to manage the remaining $177 million in loans and $100 million in preferred stock separately [6]. Operational Viability - The company emphasizes its focus on reducing debt and interest expenses while maintaining a stable and self-sustaining business model [6]. - In Q2 2025, Kodak utilized only $3 million in cash primarily for growth investments, showing significant improvement compared to Q1, and has no plans to rely on cash from the pension plan transaction to fund operations [6]. Future Outlook - Kodak expresses confidence in fulfilling all obligations and maintains an optimistic outlook for the future [7].