If you’re looking to invest in the KodakCoin initial coin offering, consider holding your horses, as the KodakCoin launch has been delayed.

On Wednesday, Eastman Kodak (NYSE:KODK) announced that it will delay the much-anticipated ICO — which is scheduled to launch today — by “several weeks”. Not only did this shock potential investors, it also didn’t bode well for shareholders of the company, as the stock fell by over 13% during today’s trading session.

According to Kodak’s official statement, the company made this decision so that it could enter an “accredited investor” verification phase because of the high degree of interest generated by the ICO. The company claims that more than 40,000 investors have signed up to participate in the offering.