Eastman Kodak Company has entered into an ATM Equity Offering Sales Agreement with BofA Securities, Inc. This agreement allows Kodak to offer and sell up to $100 million worth of its common stock in at-the-market offerings through BofA, acting as either a sales agent or principal. The company plans to utilize the net proceeds from these sales for general corporate purposes. Sales will occur at prevailing market prices, with BofA receiving a commission up to 3% of the gross sales price. The shares will be issued under Kodak's shelf registration statement filed with the Securities and Exchange Commission. There is no obligation for Kodak to sell any shares or for BofA to buy or sell them.
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