iRobot emerges from Chapter 11; Picea acquires 100% equity, new board appointed

IROBOT CORP

All existing common stock cancelled; Picea acquires 100% of iRobot via prepackaged plan confirmed Jan 22, 2026.
New board of directors includes James Yang Yong, Ada Feng Huiwei, Garry Liao Delin, Robert McCarthy, Kenneth A. Mendelson.
Company created U.S.-based subsidiary iRobot Safe with independent board and Data Security Officer to protect consumer data.
iRobot will file Form 15 to deregister securities and suspend SEC reporting obligations.
Headquarters remain in Bedford, MA; Picea was primary contract manufacturer and secured lender.

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