Notice to Long-Term Shareholders of iRobot Corporation (IRBT): Grabar Law Office Investigates Claims on Your Behalf

Philadelphia, Pennsylvania--(Newsfile Corp. - August 14, 2025) - Grabar Law Office is investigating claims on behalf of shareholders of iRobot Corporation (NASDAQ: IRBT). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

If you purchased iRobot Corporation (NASDAQ: IRBT) shares prior to January 29, 2024, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. You are encouraged to visit https://grabarlaw.com/the-latest/irbt-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.

WHY? In August 2022, iRobot entered into a merger agreement with Amazon.com, Inc. ("Amazon") pursuant to which Amazon would acquire iRobot for $61 per share in an all-cash transaction. However, in January 2024, Amazon and iRobot announced that they had mutually agreed to terminate the Amazon Acquisition, citing regulatory concerns. In the wake of the Amazon Acquisition's termination, iRobot touted that it would be implementing an operational restructuring plan (the "Restructuring Plan"). The Restructuring Plan, according to the Company, would "enable [it] to chart a new strategic path for sustainable value creation."

As alleged in a recently filed federal securities fraud class action complaint, iRobot Corporation (NASDAQ: IRBT), via certain of its officers, made materially false and misleading statements or failed to disclose material facts regarding the Company's business, operations, and prospects. Including that: (i) iRobot overstated the extent to which the Restructuring Plan would help the Company maintain stability after the termination of the Amazon Acquisition; (ii) as a result, it was unlikely that iRobot would be able to profitably operate as a standalone company; (iii) accordingly, there was substantial doubt about the Company's ability to continue as a going concern; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.

WHAT YOU CAN DO NOW: If you purchased iRobot Corporation (NASDAQ: IRBT) shares prior to January 29, 2024, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/irbt-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.

$IRBT #iRobot

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