iRobot Stock (IRBT) Plunges After Chapter 11 Bankruptcy Filing: Picea Deal, Nasdaq Delisting Date, and Investor Outlook (Dec. 16, 2025)
iRobot will suspend Nasdaq trading on December 22, 2025, after filing for Chapter 11 bankruptcy and reaching a deal to transfer ownership to Shenzhen PICEA Robotics. The company warned shareholders they are expected to receive no recovery if the plan is approved. IRBT shares fell 73% to $1.18 on December 16 amid heavy volume. iRobot does not plan to appeal the delisting.