iRobot Files for Chapter 11 to Facilitate Acquisition by Key Supplier Picea

Bedford, Monday, 15 December 2025.
On December 14, 2025, iRobot Corporation filed for Chapter 11 bankruptcy in Delaware, initiating a restructuring process that will see the Roomba maker acquired by its primary manufacturer and lender, Shenzhen PICEA Robotics. This filing represents a critical pivot for the Massachusetts-based company, occurring just 11 days after a speculative 74% stock rally driven by political headwinds. The decision follows a tumultuous period marked by the collapse of a $1.7 billion Amazon acquisition in early 2024 and severe liquidity constraints, with cash reserves dwindling to under $25 million by September. Under the agreement, Picea will convert roughly $264 million of debt into 100% equity, effectively taking iRobot private and delisting it from Nasdaq. While the move aims to secure operational continuity and eliminate debt, it signals the end of iRobot’s era as an independent public entity.