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Kodak says over 40,000 investors have already expressed an interest in KODAKCoin

By Marcus Wong - on 2 Feb 2018, 2:58pm

Kodak says over 40,000 investors have already expressed an interest in KODAKCoin

Weeks after Kodak announced the launch of their own cryptocurrency (KODAKCoin), they’ve followed up with an announcement stating that “more than 40,000 potential investors” have expressed interest in the ICO.

Kodak says that they are moving into the “accredited investor” verification phase, and expect it to take a few weeks, but it seems like the Kodak-branded cryptocurrency is going to launch sooner rather than later. In their words:

We will be contacting all potential investors that have previously registered for the ICO shortly for additional information to confirm their “accredited investor” status. The KODAKCoin ICO is being offered pursuant to an exemption from registration under the US Securities Act of 1933 provided by Rule 506(c) of Regulation D thereunder. As a result, participation in the KODAKMRCoin ICO is open only to those investors deemed to be “accredited investors” under Regulation D (e.g., any natural person (i) whose individual net worth, or joint net worth with his or her spouse, exceeds $1 million, or (ii) who had an individual income in excess of $200,000, or joint income with his or her spouse in excess of $300,000, in each of the two most recent years, and has a reasonable expectation of reaching the same income level in the current year). In addition, the KODAKCoin ICO will be offered outside the US to select non-US persons in accordance with the applicable laws of each jurisdiction where such offers and sales occur.

Perhaps more interesting, is the note at the end of the statement that Kodak makes saying that there have been several spam KODAKCoin ICO listings purporting to sell the tokens on ICO websites and Facebook sites. Certainly seems like everyone is trying to cash in.

Read the full statement here.

Source: Kodak, Mirrorless Rumors