Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
iRobot files for Chapter 11 bankruptcy, plans to restructure with Picea Robotics, cancel stock, and go private by February 2026.
iRobot has filed for Chapter 11 bankruptcy in Delaware, entering a pre-packaged restructuring plan with its main supplier and lender, Picea Robotics, to address $190 million in debt and financial pressures from competition, tariffs, and a failed Amazon acquisition.
Under the deal, Picea will acquire iRobot, canceling all existing stock and taking full control, with the transaction expected by February 2026.
The company will remain operational with no disruptions to services, support, or supply chains.
568 Articles
iRobot se declara en bancarrota bajo el Capítulo 11, planea reestructurarse con Picea Robotics, cancelar acciones y hacerse privada en febrero de 2026.