iRobot Files for Chapter 11, Acquired by Picea Robotics

iRobot Corporation, the Massachusetts-based maker of the popular Roomba robotic vacuum cleaners, filed for Chapter 11 bankruptcy protection on December 14, 2025, in the U.S. Bankruptcy Court for the District of Delaware. The filing initiates a prepackaged restructuring process that will see the company fully acquired by its secured lender and primary contract manufacturer, Shenzhen-based Picea Robotics Co., Ltd., along with affiliated entity Santrum Hong Kong Co., Limited, by February 2026.

Under the terms of a Restructuring Support Agreement, Picea will take 100 percent ownership of iRobot's equity interests through the court-supervised proceedings. Existing common shareholders will receive no recovery, and the company's shares, currently traded on Nasdaq under the ticker IRBT, will be canceled and delisted from the exchange upon completion of the transaction. iRobot, which reported approximately $480 million in both assets and liabilities, described the move as a strategic step to address ongoing financial challenges while maintaining business operations.

The bankruptcy allows iRobot to reorganize its debts without halting day-to-day activities. Company officials stated that...