iRobot files Chapter 11 prepack; Picea to acquire 100% equity; existing stock cancelled

IROBOT CORP

On Dec 14, 2025, iRobot and subsidiaries filed prepackaged Chapter 11 petitions in Delaware to implement a financial restructuring.
Under the Plan, secured lender Picea receives 100% of reorganized common equity; existing IRBT shares cancelled with no recovery for holders.
Picea agreed to support the Plan under a Restructuring Support Agreement; milestones target Court confirmation within 45 days and effective date by Feb 2026.
Executive retention bonuses paid Dec 10: CEO Cohen $1.575M, President Engel $848k, CFO Wong $597k, CHRO Connelly $371k.
Two-year Supply Agreement with Picea signed Dec 11; Picea's payment right tolled 55 days then net 90-day terms.

item 1.01 item 1.03 item 2.04 item 5.02 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001193125-25-318337
form_type: 8-K
ticker: null
cik: 0001159167
company_name: IROBOT CORP
filed_at: 2025-12-15T23:59:59+00:00
discovered_at: 2026-05-14T18:02:38.907135+00:00
generated_at: 2026-05-16T13:09:56.988230+00:00
sec_items: ["1.01", "1.03", "2.04", "5.02", "7.01", "9.01"]
event_type: m_and_a
sentiment: negative
materiality_score: 1.0
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001193125-25-318337
json_url: https://secwatch.observer/filing/0001193125-25-318337.json
markdown_url: https://secwatch.observer/filing/0001193125-25-318337.md
text_url: https://secwatch.observer/filing/0001193125-25-318337.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1159167/000119312525318337/0001193125-25-318337-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1159167/000119312525318337/d97115d8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001193125-25-318337

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.