InMode receives an unsolicited merger proposal from a group led by its CEO and co-founder, Moshe Mizrahy.
InMode (INMD) shares climbed approximately 11% in premarket trading Thursday after the Israeli medical technology company confirmed an unsolicited takeover offer. The proposal comes from M.N. Business Strategy, a group backed by InMode’s CEO and co-founder, Moshe Mizrahy, and seeks a merger transaction.
The offer marks the first public takeover bid for InMode, which has not disclosed prior acquisition interest. The company’s stock has fluctuated in recent months amid broader medtech sector volatility, though it remains above its 52-week low. No financial terms of the proposal were revealed.
Premarket activity suggests investor optimism about the potential deal, though no formal agreement has been announced.