# iRobot Extends Waiver Period Amid Financial Challenges

September 16, 2025 (Global) – iRobot Corporation has extended the waiver period for certain covenant obligations under its credit agreement with TCG Senior Funding L.L.C. until October 24, 2025. This decision comes as the company navigates financial challenges, including concerns over its ability to continue as a going concern, which could lead to default if not addressed.

“The extension provides iRobot additional time to stabilize its operations and explore strategic alternatives,” stated company representatives.

The extension is part of a broader strategic review in which iRobot is evaluating potential sales or other strategic transactions to strengthen its financial position. The ongoing uncertainty has affected the company’s stock price and may continue to impact its operational and financial stability.

Key Highlights of the Waiver Extension

• Extends the credit agreement waiver period to October 24, 2025

• Addresses financial challenges and potential default risks

• Provides additional time for strategic review, including potential sales or transactions

• Stock ratings remain cautious due to declining revenues and high leverage

• Supports iRobot’s core business of robotic vacuum cleaners and automated cleaning devices

“This step aims to provide financial flexibility while exploring strategic options that could enhance long-term sustainability,” added the company.