Share via:
Roomba manufacturer iRobot filed for bankruptcy today, reports Bloomberg.
After 35 years, iRobot reached a “restructuring support agrement that will hand control of the consumer robot maker to Shenzhen PICEA Robotics Co, its main supplier and lender, and Santrum Hong Kong Compny.”
Under the restructuring, vacuum cleaner maker Shenzhen PICEA will receive the entire equity stake in the reorganised company… The plan will allow the debtor to remain as a going concern and…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Roomba manufacturer iRobot filed for bankruptcy today, reports Bloomberg.
After 35 years, iRobot reached a “restructuring support agrement that will hand control of the consumer robot maker to Shenzhen PICEA Robotics Co, its main supplier and lender, and Santrum Hong Kong Compny.”
Under the restructuring, vacuum cleaner maker Shenzhen PICEA will receive the entire equity stake in the reorganised company… The plan will allow the debtor to remain as a going concern and…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi
