💥New Chapter 11 Bankruptcy Filing - iRobot Corporation ($IRBT)💥
Roomba-maker meets its maker ... literally.
On December 14, 2025, MA-based iRobot Corporation ($IRBT) and two affiliates (together, the “debtors”) filed basic-as-all-f*ck prepackaged chapter 11 bankruptcy cases in the District of Delaware (Judge Shannon). We’ve covered this turd four times already … most recently here …
… so there’s really no need to delve deep here: this horse bot has been sufficiently beaten.
That said, we last left off with Shenzhen PICEA Robotics Co., Ltd. (f/k/a Shenzhen 3irobotix Co., Ltd.) (“Picea”) taking out The Carlyle Group ($CG).* This turn of events left Picea as not only the debtors’ primary contract manufacturer but also its sole prepetition secured creditor. Which, as prefaced, sets up a basic-as-all-f*ck equitization via a prepackaged plan.
Pursuant to the proposed plan of reorganization, Picea is the sole impaired voting creditor; it has already approved the plan; and it will end up taking this puppy private. General unsecured creditors will ride through and equity will get a big and fat and not-particularly sufganiyah-quality 🍩.
Blame? For what? Well, this 👇:
All of which has people a wee bit salty:
They’re not wrong.
Anyway, the debtors — powered by the consensual use of Picea’s cash collateral — intend to make quick work of these cases; they intend to have the plan confirmed and disclosure statement approved at a combined hearing on January 22, 2026 and be out of bankruptcy no later than February 21, 2026.
This one should be as clean as a Roomba’d floor.
The debtors are represented by Paul Weiss Rifkind Wharton & Garrison LLP (Paul Basta, Alice Eaton, John Weber) and Young Conaway Stargatt & Taylor LLP (Sean Greecher, Andrew Magaziner, Shella Borovinskaya, Kristin Cardoza) as legal counsel and Alvarez & Marsal LLC as financial advisor. Picea is represented by White & Case LLP (David Turetsky, Roberto Kampfner, Fan He) and Richards Layton & Finger PA (John Knight, Amanda Steele, Alexander Steiger).
*According to Bloomberg, Carlyle lost over $100mm on the debt after selling to Picea at a deep discount.
Company Professionals:
Legal: Paul Weiss Rifkind Wharton & Garrison LLP (Paul Basta, Alice Eaton, John Weber) and Young Conaway Stargatt & Taylor LLP (Sean Greecher, Andrew Magaziner, Shella Borovinskaya, Kristin Cardoza)
Independent Director: Neal Goldman
Financial Advisor: Alvarez & Marsal
Strategic Communications Advisor: C Street Advisory
Claims Agent: Stretto (Click here for free docket access)
Other Parties in Interest:
Largest Prepetition Debtholder: Shenzhen PICEA Robotics Co., Ltd.
Largest GUC: Santrum Hong Kong Co. Ltd. (Picea HK)
Legal: White & Case LLP (David Turetsky, Roberto Kampfner, Fan He) and Richards Layton & Finger PA (John Knight, Amanda Steele, Alexander Steiger)