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InMode (Nasdaq: INMD) weighs unsolicited takeover interest from Steel Partners and M.N. Business

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

InMode Ltd. reported that its Board has received an unsolicited acquisition proposal from Steel Partners Holdings L.P. in a letter dated July 9, 2026. An independent Special Committee of the Board, with legal and financial advisors, will carefully review this proposal consistent with its fiduciary duties and stated focus on the best interests of all shareholders.

The Board also received a letter from M.N. Business Strategy Ltd. extending the expiration date of its previously announced unsolicited proposal through September 15, 2026. The Special Committee indicated it does not intend to comment further at this time.

Positive

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Negative

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Insights

InMode is evaluating multiple unsolicited acquisition proposals under an independent board committee.

InMode Ltd. has confirmed receipt of an unsolicited acquisition proposal from Steel Partners Holdings L.P., while a separate unsolicited proposal from M.N. Business Strategy Ltd. has been extended through September 15, 2026. These parallel approaches indicate active third-party interest in acquiring the company.

The Board has formed a Special Committee made up solely of independent directors, supported by legal and financial advisors, to review the Steel Partners proposal consistent with its fiduciary duties. This structure is designed to provide a formal, arms-length evaluation process and emphasizes stated alignment with all shareholders’ interests.

The press release highlights typical M&A uncertainties, including whether any transaction will be deemed in shareholders’ best interests, whether proposals could change or be withdrawn, and whether competing offers may emerge. With the M.N. Business Strategy proposal extended to September 15, 2026, that date serves as a near-term reference point for how at least one proposal remains outstanding.

Steel Partners proposal date July 9, 2026 Date of unsolicited letter and acquisition proposal received by the Board
InMode confirmation date July 10, 2026 Date InMode confirmed receipt of the Steel Partners proposal in its press release
M.N. Business Strategy proposal expiration September 15, 2026 Extended expiration date for the previously announced unsolicited proposal from M.N. Business Strategy Ltd.
unsolicited proposal financial
"confirmed that its Board of Directors has received the unsolicited letter and acquisition proposal"
Special Committee regulatory
"The Special Committee comprised solely of the independent directors of the Board"
A special committee is a group of people chosen by an organization to carefully examine a specific issue or problem, often when a decision could have significant consequences. Think of it as a task force brought together to investigate and recommend actions, ensuring that important matters are handled thoroughly and fairly. For investors, this means decisions are made with careful oversight, which can impact the organization's stability and future direction.
fiduciary duties regulatory
"will carefully review the proposal consistent with its fiduciary duties"
Fiduciary duties are the legal and ethical responsibilities that company directors, officers, or financial advisors have to put shareholders’ interests ahead of their own, acting with honesty, care, and loyalty. Think of it like a guardian managing someone’s money: choices must prioritize the owner’s benefit, avoid conflicts, and be made with prudent judgment; investors rely on these duties to ensure decisions aren’t self‑serving and to provide grounds for legal action if abused.
forward-looking statements regulatory
"This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
radiofrequency ("RF") technology technical
"develops, manufactures and markets devices harnessing novel radiofrequency (“RF”) technology"
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FAQ

What did InMode (INMD) disclose about the Steel Partners proposal?

InMode disclosed that its Board received an unsolicited letter and acquisition proposal from Steel Partners Holdings L.P. dated July 9, 2026. An independent Special Committee, with legal and financial advisors, will carefully review this proposal consistent with its fiduciary duties.

How is InMode (INMD) reviewing the unsolicited acquisition proposal?

InMode stated that a Special Committee of independent directors, together with its legal and financial advisors, will carefully review the unsolicited Steel Partners proposal. The committee emphasized its commitment to act in the best interests of all shareholders.

What did InMode (INMD) say about the M.N. Business Strategy proposal?

InMode reported that on July 8, 2026, its Board received a letter from M.N. Business Strategy Ltd. extending the expiration date of its unsolicited proposal through September 15, 2026, keeping that proposal outstanding for a longer period.

Is InMode (INMD) providing ongoing updates on the acquisition proposals?

InMode stated that the Special Committee does not intend to comment further at this time regarding the unsolicited Steel Partners proposal. Future communications, if any, would be made subject to its review process and applicable disclosure obligations.

What risks did InMode (INMD) highlight regarding any potential transaction?

InMode highlighted risks including whether the Special Committee will determine any proposal is in shareholders’ best interests, the risk proposals may be withdrawn or modified, the possibility of competing offers, and that any transaction may not be consummated or may change in terms or timing.

What does InMode (INMD) say about its business amid these proposals?

InMode describes itself as a leading global provider of innovative medical technologies that develops, manufactures and markets devices using radiofrequency (RF) technology across plastic surgery, gynecology, dermatology, otolaryngology and ophthalmology, indicating its operating focus continues alongside review of the proposals.

 

 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 


 

INMODE LTD.

 


(Exact name of registrant as specified in its charter)

 

Tavor Building, Sha’ar Yokneam

P.O. Box 533

Yokneam 2069206 Israel

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F  Form 40-F  

 

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

 

Yes No  

 
 

On July 10, 2026, InMode Ltd. (the “Company”) issued a press release regarding the receipt of an unsolicited proposal by Steel Partners Holdings L.P.

 

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Additionally, on July 8, 2026, the Board of Directors of the Company received a letter from M.N. Business Strategy Ltd. extending the expiration date of its previously announced unsolicited proposal through September 15, 2026.

 

Exhibit No.   Description of Exhibit
99.1   Press Release dated July 10, 2026
 
 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  InMode Ltd.
   
  By: /s/ Moshik Itzkovich
  Moshik Itzkovich

July 10, 2026

Chief Financial Officer

 

 

 

Exhibit 99.1

 

InMode Confirms Receipt of Unsolicited Proposal

 

YOKNEAM, Israel – July 10, 2026 – InMode Ltd. (Nasdaq: INMD) (the “Company”) confirmed that its Board of Directors (the “Board”) has received the unsolicited letter and acquisition proposal from Steel Partners Holdings L.P. dated July 9, 2026.

 

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

 

 

 

Filing Exhibits & Attachments

1 document