BUZZ-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
(Reporting by)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
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