Shareholders of common stock "will experience a total loss."

Company's secured lender and key supplier, Picea, to acquire iRobot through court-supervised chapter 11 process.

Roomba maker iRobot has filed for bankruptcy protection and will change its ownership, but your robot vacuum cleaners will probably be fine.

Roomba maker iRobot ( IRBT) has filed for Chapter 11 bankruptcy protection in Delaware as part of a restructuring that hands full control of the company to its primary manufacturer, Picea Robotics.

Robot, the company that brought robotic vacuum cleaners into millions of homes worldwide, has filed for Chapter 11 bankruptcy protection after 35 years in business.