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On February 25, 2026 The Order and Final Decree (I) Closing the Chapter 11 Cases; (II) Terminating Claims and Noticing Services; and (III) Granting Related Relief was entered.

On December 14, 2025, iRobot Corporation (NASDAQ: IRBT), a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations, and certain of its affiliates (collectively, “iRobot” or the “Company”), announced that it entered into a Restructuring Support Agreement with Shenzhen PICEA Robotics Co., Ltd. and Santrum Hong Kong Co., Limited (collectively “Picea”), the Company’s lender and key supplier, to implement a strategic transaction to strengthen iRobot’s financial position and support its long-term growth plan. The transaction marks a pivotal milestone for iRobot, positioning the Company to remain an iconic global brand shaping the next era of smart home robotics. Through the transaction, Picea will receive 100% of the equity in iRobot, which will delever the Company’s balance sheet and enable iRobot to continue operating in the ordinary course, pursue its product development roadmap, and maintain its global footprint.

To effectuate the transaction efficiently, iRobot has voluntarily commenced pre-packaged chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. The Company expects to move through this court-supervised reorganization process swiftly, with the goal of emerging by early February 2026, if not sooner, under the ownership of Picea.

iRobot will continue to operate its business as usual throughout the chapter 11 process. Day-to-day operations are expected to continue without disruption for consumers, partners, or vendors, including ongoing product, app, and customer support. The Company will remain headquartered in Bedford, Massachusetts, with its core engineering and product development capabilities anchored in the U.S. and supported by global research and development teams. iRobot’s international subsidiaries will also continue to operate in the normal course and should not be impacted by the chapter 11 cases. iRobot remains committed to delivering the innovative, reliable products that have defined the Roomba brand for more than three decades and to maintaining continuity for all stakeholders during this process.

On December 14, 2025 (the "Petition Date"), iRobot Corporation and two affiliated debtors (collectively, the "Debtors") commenced filing voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Debtors' bankruptcy cases are jointly administered before the Honorable Brendan Linehan Shannon under Case No. 25-12197 in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").

For immediate information about the bankruptcy case, ask Stretto Conductor.