---
title: "iRobot applies for bankruptcy and is privatized, pre-market stock price drops over 70%"
description: "iRobot has filed for bankruptcy protection and will be privatized after being acquired by the main manufacturer Picea Robotics. The company's stock price fell 71% in pre-market trading on Monday. Acco"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/269731782.md"
published_at: "2025-12-15T13:51:10.000Z"
---

# iRobot applies for bankruptcy and is privatized, pre-market stock price drops over 70%

> iRobot has filed for bankruptcy protection and will be privatized after being acquired by the main manufacturer Picea Robotics. The company's stock price fell 71% in pre-market trading on Monday. According to the bankruptcy plan, Picea will acquire 100% of iRobot's equity and cancel the remaining $190 million loan for 2023 and the $74 million debt owed by iRobot to Picea. The bankruptcy is not expected to affect its application functionality, customer programs, global partnerships, supply chain relationships, or product support

Robot vacuum manufacturer iRobot (IRBT.US) has filed for bankruptcy protection and stated that it will go private after being acquired by its main manufacturer Picea Robotics. The stock price plummeted 71% in pre-market trading on Monday.

According to iRobot's bankruptcy plan, Picea will acquire 100% of the company's equity and cancel the remaining $190 million loan for 2023, as well as the $74 million debt that iRobot owes to Picea under the manufacturing agreement between the two companies.

iRobot stated that the bankruptcy is not expected to affect its app functionality, customer programs, global partnerships, supply chain relationships, or product support

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.