IRobot plummets after lenders extend waiver for maintaining minimum level of assets

iRobot

27/10/2025 19:35

** Shares of Roomba vacuum cleaner maker iRobot IRBT.O slump 33.6% to $3.70

** Co says some lenders extended waiver period for IRBT to maintain a minimum level of core assets to December 1 from earlier date of October 24 - SEC filing

** Agreement also extends waiver for providing a report and opinion of its auditor related to annual financial statements for fiscal year 2024 without a qualification regarding its ability to stay in business

** IRBT had raised  doubts about its ability to continue as a going concern in March

** IRBT shares down ~53% YTD

 (Reporting by)

 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))