iRobot’s Stock Faces Delisting as Bankruptcy Proceedings Advance

iRobot US4627261005

The company that once pioneered the robotic vacuum cleaner market is now confronting the collapse of its public listing. Nasdaq has taken definitive action following iRobot's bankruptcy filing, officially removing the stock from its exchange. This move ushers investors into what is likely the final phase of trading in unregulated markets, raising the specter of a total loss on their holdings.

The delisting stems from the "pre-packaged Chapter 11" bankruptcy process initiated in December 2025. Recent financial figures reveal the severe distress that forced the company's hand:

• Dwindling Reserves: Cash and equivalents plummeted to a mere $24.8 million as of the end of September 2025, down sharply from $40.6 million the previous quarter.
• Sharp Revenue Drop: Third-quarter revenues fell 24.6% year-over-year to $145.8 million.
• Funding Crisis: Company management has confirmed it has no remaining access to new capital.

The bankruptcy plan proposes that primary supplier Picea Robotics will take over iRobot's operating business. This transaction is slated for completion by February 2026. For common shareholders, the likely outcome is clear: their equity is expected to be rendered worthless in the process.

From Tech Exchange to Over-the-Counter Trading

Trading on the prestigious tech exchange has ceased. After an initial suspension on December 22, 2025, the stock has now been relegated to the over-the-counter (OTC) market. It will henceforth trade under the new ticker symbol IRBTQ, far from the stringent regulations of a major exchange. This forced demotion mirrors the fundamental breakdown of the corporation and is anticipated to extinguish any remaining interest from institutional investors.