iRobot (NASDAQ: IRBT) faces Nasdaq delisting after Chapter 11 move amid restructuring
Rhea-AI Filing Summary
iRobot Corporation reports that Nasdaq has decided to delist its common stock after the company began voluntary Chapter 11 bankruptcy proceedings on December 14, 2025. Nasdaq found the stock no longer suitable for listing under its discretionary rules.
Trading in iRobot’s common stock on Nasdaq will be suspended at the opening of business on December 22, 2025. The company does not plan to appeal Nasdaq’s determination, and a Form 25‑NSE will be filed with the SEC to remove the shares from listing and registration on Nasdaq.
Positive
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Negative
- Nasdaq delisting: Nasdaq determined to delist iRobot’s common stock under Listing Rules 5101, 5110(b) and IM‑5101‑1 following the company’s Chapter 11 filing.
- Trading suspension: Trading in the common stock on Nasdaq will be suspended at the opening of business on December 22, 2025, ahead of removal from listing and registration via Form 25‑NSE.
- Chapter 11 filing: iRobot commenced voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code on December 14, 2025, reflecting significant financial distress.
Insights
Nasdaq delisting and Chapter 11 filing signal severe financial distress for iRobot.
iRobot discloses that Nasdaq has determined to delist its common stock because the company commenced voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code on December 14, 2025. Nasdaq used its discretionary authority under Listing Rules 5101, 5110(b) and IM‑5101‑1, which are often applied to issuers in bankruptcy.
Trading in the common stock will be suspended at the opening on December 22, 2025, and a Form 25‑NSE will be filed to remove the stock from listing and registration on Nasdaq. The company explicitly states it does not intend to appeal, indicating acceptance of the loss of its Nasdaq listing as it proceeds through the Chapter 11 process.
This combination of Chapter 11 cases and imminent delisting is typically associated with major impairment of existing equity value. Future developments will depend on the outcome of the Chapter 11 proceedings and any reorganization plan approved in those cases.
FAQ
Why is iRobot (IRBT) being delisted from Nasdaq?
Nasdaq determined to delist iRobot’s common stock under Listing Rules 5101, 5110(b) and IM‑5101‑1 because the company began voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code on December 14, 2025.
When will Nasdaq trading in iRobot (IRBT) common stock be suspended?
Trading of iRobot’s common stock on Nasdaq will be suspended at the opening of business on December 22, 2025, after which the delisting process will continue.
Did iRobot (IRBT) file for Chapter 11 bankruptcy protection?
Yes. iRobot commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code on December 14, 2025, which prompted Nasdaq’s delisting decision.
Will iRobot (IRBT) appeal Nasdaq’s decision to delist its stock?
No. The company states that it does not intend to appeal Nasdaq’s determination to delist its common stock.
What SEC filing will complete the delisting of iRobot (IRBT) from Nasdaq?
A Form 25‑NSE will be filed with the SEC, which will remove iRobot’s common stock from listing and registration on Nasdaq.