Case filing & court posture: iRobot Corporation and affiliates filed a prepackaged chapter 11 petition on December 14, 2025 in the U.S. Bankruptcy Court for the District of Delaware (Case No. 25-12197). Dkt. 1 Judge Brendan Linehan Shannon presides.
Liquidity & financing path: The debtors sought authority to use cash collateral to fund operations during the case. Dkt. 15 The court entered an interim cash collateral order on December 17, 2025 Dkt. 56 and a final cash collateral order on January 8, 2026. Dkt. 101
Restructuring outcome: The debtors filed a modified joint prepackaged plan on January 20, 2026 Dkt. 115 providing for the equitization of approximately $190 million in first lien term loan claims by Picea HK (Santrum Hong Kong Co., Limited), which received 100% of the reorganized equity. General unsecured creditors were paid in full and existing equity interests were cancelled. The court confirmed the plan on January 22, 2026. Dkt. 131
Plan effective date & emergence: The plan became effective on January 23, 2026. iRobot emerged as a privately held, non-publicly reporting entity under new ownership.
Current status: The reorganized debtors filed a motion for final decree to close the chapter 11 cases on February 9, 2026. Dkt. 154 Final fee applications for estate professionals were filed concurrently, with an omnibus hearing scheduled for March 4, 2026.
