iRobot Exits Public Markets Following Bankruptcy and Acquisition

iRobot US4627261005

The restructuring of iRobot under Chapter 11 bankruptcy protection has concluded, resulting in the company’s delisting from public stock exchanges. The core of the court-supervised process was the sale of its operational assets to its Chinese partner, Shenzhen PICEA Robotics. For existing shareholders, the outcome is definitive: all previously traded common shares have been canceled as part of the reorganization.

The path to insolvency was paved by a period of significant strain. A major catalyst was the collapse in early 2024 of a planned $1.7 billion acquisition by Amazon. The parties mutually terminated the agreement following regulatory pushback from the European Union.