Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag iRobot files for Chapter 11 bankruptcy, plans to restructure with Picea Robotics, cancel stock, and go private by February 2026.

flag 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. flag Under the deal, Picea will acquire iRobot, canceling all existing stock and taking full control, with the transaction expected by February 2026. flag The company will remain operational with no disruptions to services, support, or supply chains.

568 Articles