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flag iRobot files for Chapter 11 bankruptcy and will be acquired by its Chinese manufacturer, Picea, to eliminate debt and stabilize operations.

flag iRobot has filed for Chapter 11 bankruptcy in Delaware and will be acquired by its Chinese manufacturer and secured lender, Picea, in a pre-packaged deal expected to close by February 2026. flag The transaction will take iRobot private, wipe out its debt, and stabilize operations, with the company saying there will be no disruption to products, services, or customer support. flag The filing follows mounting pressure from cheaper competitors and a 46% U.S. tariff on Vietnam-made goods, where iRobot manufactures its devices. flag The acquisition aims to pair iRobot’s brand and technology with Picea’s manufacturing scale to strengthen its position in smart home robotics.

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