""continue operating in the ordinary course, pursue its product development roadmap, and maintain its global footprint,""
""with no anticipated disruption to its app functionality, customer programs, global partners, supply chain relationships or ongoing product support.""
""will experience a total loss and not receive recovery on their investment""
""substantial doubt about [its] ability to continue.""
iRobot filed for Chapter 11 bankruptcy and plans to sell all assets to its primary supplier, Picea Robotics. The sale, if approved by a bankruptcy court, is expected to close in February 2026. Operations will continue in the ordinary course, including product development, global footprint maintenance, app functionality, customer programs, partner relationships, supply chain ties, and product support. Consumers should continue to receive consumables and replacement parts. Holders of common stock will experience a total loss if the deal is approved. The company faced decline after Amazon abandoned a $1.7 billion acquisition following a European regulatory veto threat, and market competition has reduced its market size.
Read at Engadget
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