iRobot Exits Public Markets Following Acquisition and Restructuring
24.01.2026 - 05:51:04
The pioneering robot vacuum manufacturer iRobot has ceased to be a publicly traded company. Its listing on stock exchanges was terminated effective immediately last Friday, concluding a significant chapter in its corporate history. This move finalized the company's acquisition by its manufacturing partner, Shenzhen PICEA Robotics, and brought its Chapter 11 bankruptcy proceedings to a close.
The company's path to this point was set in motion in January 2024 when a planned $1.7 billion acquisition by Amazon collapsed. Regulatory bodies, with European Union authorities playing a key role, blocked the deal. This setback initiated a downward spiral for iRobot, a situation exacerbated by tariff pressures and intense market competition. By the end of 2025, these cumulative challenges made filing for Chapter 11 bankruptcy protection an unavoidable step.
The restructuring agreement with Shenzhen PICEA Robotics, which was initiated in December 2025, has now been completed. The transaction converts iRobot into a privately held entity. PICEA Robotics, previously iRobot's most significant creditor and contract manufacturer, has assumed full control. A primary objective of this financial restructuring was to clean up the company's balance sheet, thereby restoring operational stability and creating a foundation to fund future innovation.
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A New Private Chapter Begins
For investors, this development marks a definitive end. All outstanding shares were canceled as part of the delisting process. Going forward, iRobot will operate without the public reporting obligations of a listed company. Under the leadership of CEO Gary Cohen at its Bedford headquarters, the firm can now focus on product development away from the pressures of the public capital markets.
To address potential data security concerns under its new Chinese ownership, a separate, independent U.S. subsidiary named "iRobot Safe Corp" has been established. This unit will be governed by a U.S.-based board and is designed to ensure the protection of sensitive user data.
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