Kodak Confirms SEC Investigation Related to Government Loan

Eastman Kodak Co. confirmed an investigation by the Securities and Exchange Commission related to a tentative government loan agreement unveiled recently.

“Kodak is involved in investigations being conducted by several congressional committees and the SEC stemming from events related to the announcement of the potential DFC Loan and Pharmaceutical Initiative,” the company said in a regulatory filing on on Tuesday.

The company’s shares surged in late July on news of a $765 million loan from the U.S. International Development Financial Corporation to help produce ingredients used in key generic medicines to fight the coronavirus.

On Friday, the federal agency said ...