---
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"
generated_at: "2026-05-16T13:09:56.988230+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-318337
- form_type: 8-K
- cik: 0001159167
- company_name: IROBOT CORP
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1159167/000119312525318337/0001193125-25-318337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1159167/000119312525318337/d97115d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-318337
- JSON: https://secwatch.observer/filing/0001193125-25-318337.json
- Plain text: https://secwatch.observer/filing/0001193125-25-318337.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.