iRobot’s Public Market Journey Concludes Following Acquisition

The final chapter has been written for iRobot’s once-promising story on the stock exchange. The company has officially been delisted following the completion of its acquisition by Shenzhen PICEA Robotics, leaving shareholders with a definitive and painful outcome: their equity holdings have been rendered worthless and public trading has ceased.

This outcome was formalized on January 23, when iRobot concluded its Chapter 11 bankruptcy restructuring. As a central component of this process, PICEA Robotics acquired 100% of the company’s equity. The consequence for existing investors is severe: all outstanding common shares have been canceled and eliminated. iRobot will now operate as a privately held subsidiary of the Chinese robotics firm, a move Read more...