Company Overview - Eastman Kodak is denying reports of shutting down operations and has stated it has "no plans to cease operations" or file for bankruptcy protection [2] - The company aims to "repay, extend, or refinance" its debt before the due date and expects to have a stronger balance sheet by early next year [2] Financial Situation - Kodak is facing ongoing financial challenges, with warnings in its earnings report about lacking "committed financing or available liquidity" to meet debt obligations due within 12 months [1] - The company plans to utilize $300 million in cash from its pension plan termination in December 2025 to address a significant portion of its $477 million in term debt [3] - After addressing the term debt, Kodak will focus on the remaining $177 million in debt and an additional $100 million in preferred stock outstanding [3] Historical Context - Kodak has a long history of financial struggles, particularly as digital technology has surpassed film sales [4] - The company previously filed for bankruptcy in 2012, highlighting its ongoing financial difficulties [4] - Despite challenges, there is a noted resurgence in interest from some Gen Z users in older technologies, such as compact cameras and dumb phones, driven by nostalgia [4]