iRobot Corporation, a leading global consumer robot company, has filed a registration statement with the Securities and Exchange Commission (SEC) for an at-the-market equity offering. Under the sales agreement with BofA Securities, Inc., iRobot may sell up to $100 million of its common stock. The sales may be made directly into the market or through negotiated transactions, with BofA Securities acting as the sales agent or principal. The offering is designed to provide iRobot with additional capital for general corporate purposes, which may include operating expenses, debt repayment, working capital, and capital expenditures. The common stock is listed on the Nasdaq Global Select Market under the symbol 'IRBT.' The company has not paid cash dividends on its common stock...Show More

iRobot Corporation, a leading global consumer robot company, has filed a registration statement with the Securities and Exchange Commission (SEC) for an at-the-market equity offering. Under the sales agreement with BofA Securities, Inc., iRobot may sell up to $100 million of its common stock. The sales may be made directly into the market or through negotiated transactions, with BofA Securities acting as the sales agent or principal. The offering is designed to provide iRobot with additional capital for general corporate purposes, which may include operating expenses, debt repayment, working capital, and capital expenditures. The common stock is listed on the Nasdaq Global Select Market under the symbol 'IRBT.' The company has not paid cash dividends on its common stock and does not plan to pay any cash dividends for the foreseeable future. The offering will be made under iRobot's automatic shelf registration statement filed as a 'well-known seasoned issuer.' The sales agreement allows for sales at market prices or at negotiated prices, and the compensation to BofA Securities for sales will be up to 3.00% of the gross proceeds. iRobot has also agreed to indemnify BofA Securities against certain liabilities, including those under the Securities Act.