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iRobot Announced Company's Secured Lender And Key Supplier, Picea, To Acquire iRobot Through Court-supervised Chapter 11 Process

Benzinga·12/15/2025 00:42:21
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iRobot Corporation (NASDAQ:IRBT) ("iRobot" or the "Company"), a leader in consumer robots, today announced that it entered into a Restructuring Support Agreement (the "RSA") with its secured lender and its primary contract manufacturer, Shenzhen PICEA Robotics Co., Ltd. and Santrum Hong Kong Co., Limited, (collectively "Picea") for Picea to acquire iRobot through a court-supervised process. This agreement represents a critical step toward strengthening iRobot's financial foundation and positioning the Company for long-term growth and innovation.