InMode Confirms Receipt of Unsolicited Proposal
Rhea-AI Summary
InMode (NASDAQ: INMD) confirmed that its Board of Directors received an unsolicited letter and acquisition proposal from Steel Partners Holdings L.P. dated July 9, 2026.
A Special Committee of independent directors, supported by legal and financial advisors, will carefully review the proposal consistent with its fiduciary duties and states it is committed to acting in the best interests of all shareholders. The Special Committee does not intend to comment further at this time.
Positive
- Unsolicited acquisition proposal received from Steel Partners Holdings L.P. dated July 9, 2026
- Independent Special Committee formed to review proposal with legal and financial advisors
- Stated commitment by Special Committee to act in the best interests of all shareholders
Negative
- No financial or transactional terms of the Steel Partners proposal were disclosed
- Special Committee does not intend to comment further at this time, limiting near-term information for investors
News Market Reaction – INMD
In the Jul 10 session, INMD gained 1.80%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 09 | Acquisition offer | Positive | +3.8% | Steel Partners cash offer to acquire InMode at a stated per-share price. |
| Jun 26 | Deal opposition | Negative | -1.2% | Large shareholder publicly opposed CEO-led buyout terms and governance structure. |
| Jun 24 | Acquisition proposal | Positive | +10.8% | Unsolicited cash proposal from M.N. Business Strategy to acquire remaining shares. |
| May 20 | Leadership changes | Neutral | +0.2% | Appointment of new chairman and CFO with continuity in board oversight. |
| May 13 | Investor conferences | Neutral | +1.5% | Company scheduled participation in upcoming investor conferences and meetings. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent InMode headlines on buyout proposals and governance have typically seen share-price moves that track the positive or negative tone of each announcement.
Key Terms
acquisition proposal financial
special committee regulatory
independent directors regulatory
fiduciary duties regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
YOKNEAM,
The Special Committee comprised solely of the independent directors of the Board (the "Special Committee"), together with its legal and financial advisors, will carefully review the proposal consistent with its fiduciary duties.
The Special Committee remains committed to acting in the best interests of all shareholders. The Special Committee does not intend to comment further at this time.
About InMode Ltd.
The Company is a leading global provider of innovative medical technologies. The Company develops, manufactures and markets devices harnessing novel radiofrequency ("RF") technology. The Company strives to enable new emerging surgical procedures as well as improve existing treatments. The Company has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology and ophthalmology. For more information about the Company and its wide array of medical technologies, visit www.inmodemd.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. In some cases, forward-looking statements can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" or the negative of those terms or other comparable terminology. Forward-looking statements in this press release include, but are not limited to, statements regarding the Proposal, the special committee's review and evaluation of the Proposal, the potential consummation of any transaction and the Company's future plans, objectives, expectations and intentions. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied. Such factors include, among others: uncertainties as to whether the special committee will determine that the Proposal or any alternative transaction is in the best interests of the Company and its shareholders; the risk that the Proposal may be withdrawn or modified; the possibility that competing offers or alternatives may or may not emerge; the risk that any transaction may not be consummated on the terms or timeline currently contemplated, or at all; and the other risks described in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise except as required by law.
Contacts
Miri Segal-Scharia
MS-IR LLC
ir@inmodemd.com
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SOURCE InMode Ltd.