InMode Ltd. Announces 2-for-1 Share Split
InMode Ltd. (Nasdaq: INMD) has announced a two-for-one (2:1) share split, effective September 30, 2021, with a record date of September 27, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
InMode Ltd. (Nasdaq: INMD) has announced a two-for-one (2:1) share split, effective September 30, 2021, with a record date of September 27, 2021. Every share held by shareholders on the record date will automatically convert into two shares, impacting all shareholders uniformly without affecting their ownership percentage. The share split was approved by the board of directors on September 14, 2021. This move aims to enhance the liquidity of the shares and make them more accessible to investors.
Positive
- Share split aims to enhance liquidity and accessibility for investors.
- All shareholders benefit uniformly from the share split.
Negative
- None.
Details
News Market Reaction – INMD
The recorded move for INMD in the trading session of this news was +1.45%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
YOKNEAM, Israel, Sept. 17, 2021 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD) ("InMode" or the "Company"), a leading global provider of innovative medical technologies, today announced a two-for-one (2:1) share split of the Company's ordinary shares, with a record date of September 27, 2021 (the "Record Date"). The share split will take effect on September 30, 2021, and the Company's ordinary shares will begin trading on a post-split basis on the Nasdaq Global Select Market on October 1, 2021.
On September 30, 2021, every share of the Company's pre-split ordinary shares held by a shareholder as of the Record Date, including shares subject to outstanding stock options and shares available for grant under the Company's equity incentive plans, will automatically be split into two shares of the Company's post-split ordinary shares. The share split will affect all shareholders uniformly and will not affect any shareholder's ownership percentage. The Company's shareholders will not be required to surrender their existing certificates to receive the shares to be issued pursuant to the share split, which will be effected by delivering additional shares in uncertificated book-entry form by American Stock Transfer & Trust Company, the Company's transfer agent.
The share split was approved by the Company's board of directors on September 14, 2021.
About InMode
InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radio-frequency ("RF") technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode 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 InMode, please visit www.inmodemd.com.
Logo - https://mma.prnewswire.com/media/1064477/InMode_Logo.jpg
Company Contact: Yair Malca Chief Financial Officer Phone: (949) 305-0108 Email: Yair.Malca@inmodemd.com | Investor Relations Contact: Miri Segal MS-IR LLC Phone: (917) 607-8654 Email: ir@inmodemd.com |
View original content:https://www.prnewswire.com/news-releases/inmode-ltd-announces-2-for-1-share-split-301378206.html
SOURCE InMode Ltd.
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