Kodak to List Common Stock on New York Stock Exchange
Kodak, having exited all consumer markets, is now billing itself as a global technology company that offers solutions and professional services in the packaging, graphic communications and functional printing markets, with products such as the high-speed PROSPER Presses and Imprinting Systems, FLEXCEL Systems packaging solutions, and SONORA XP Process Free Plates. It says that in recent weeks, it’s formed key collaborations, including with Bobst in the packaging market. Kodak also has joint initiatives with Timsons for digital printing and with UniPixel and Kingsbury for the production of functionally printed touch-screen sensors.
Upon Kodak’s emergence from Chapter 11 restructuring in September, the then-outstanding stock of the company was cancelled, and the company issued new common stock that has been trading since that time under the symbol “EKOD” on over-the-counter venues. Upon listing on the NYSE, the new common stock will cease to be quoted on over-the-counter venues.
“This is an important moment for the new Kodak,” commented Antonio M. Perez, Kodak’s Chief Executive Officer. “We are pleased to once again be listed on the NYSE. The change in our symbol reflects that we are a new company that is focused on business-to-business products and services, well-capitalized and firmly committed to delivering value to our shareholders and innovation to our customers.”
“We’re delighted to welcome the new Kodak to the NYSE community,” said Duncan Niederauer, CEO, NYSE Euronext. “Kodak is an outstanding B2B technology company, and we’re excited to partner with them for their long-term growth and success. The company’s listing on the NYSE underscores our strong momentum in technology listings and the value of our brand and innovative market model. We are proud to be a small part of Kodak’s historic turnaround, and look forward to serving the company and its shareholders in the years ahead.”