IRBT Investor Notice: Robbins LLP Reminds Stockholders of the Class Action Lawsuit Against iRobot Corporation

Core Viewpoint - A class action has been filed against iRobot Corporation (NASDAQ: IRBT) on behalf of investors who acquired its securities between January 29, 2024, and March 11, 2025, due to allegations of misleading statements regarding the impact of the termination of Amazon's acquisition [1][2]. Group 1: Allegations and Company Actions - iRobot and Amazon mutually agreed to terminate the acquisition in January 2024, yet iRobot claimed confidence in its ability to operate successfully as a standalone company [2]. - Following the acquisition termination, iRobot announced a Restructuring Plan, referred to as "iRobot Elevate," aimed at stabilizing the company and focusing on profitability and growth in mid-tier and premium segments [2][3]. - On March 12, 2025, iRobot reported disappointing financial results for Q4 and full year 2024, leading to a significant stock price drop of $3.255 per share, or 51.58%, closing at $3.055 per share on March 13, 2025 [2]. Group 2: Financial Stability Concerns - The plaintiff alleges that iRobot overstated the effectiveness of the Restructuring Plan, suggesting that the company would struggle to operate profitably as a standalone entity [3]. - There are claims of substantial doubt regarding iRobot's ability to continue as a going concern due to the misleading statements made during the class period [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action against iRobot Corporation must contact the firm before September 5, 2025, to serve as lead plaintiff [4]. - Shareholders can remain absent class members if they choose not to participate in the case [4].