iRobot Corporation Stock (IRBT) in Focus: Chapter 11 Bankruptcy, Picea Buyout Plan, and What It Means for Shareholders (Dec. 15, 2025)
iRobot filed for pre-packaged Chapter 11 bankruptcy on December 14–15, 2025, and agreed to transfer ownership to Shenzhen PICEA Robotics. The company expects all existing equity to be cancelled, with no recovery for common shareholders, and plans to go private. IRBT shares traded around $4.32 after the announcement, far below their $161.16 all-time high.