IRobot plummets after lenders extend waiver for maintaining minimum level of assets

Shares of Roomba vacuum cleaner maker iRobot IRBT.O slump 33.6% to $3.70

Co says some lenders extended waiver period for IRBT to maintain a minimum level of core assets to December 1 from earlier date of October 24 - SEC filing

Agreement also extends waiver for providing a report and opinion of its auditor related to annual financial statements for fiscal year 2024 without a qualification regarding its ability to stay in business

IRBT had raised doubts about its ability to continue as a going concern in March

IRBT shares down ~53% YTD