Steel Partners Holdings L.P., a long-standing InMode shareholder, issued an open letter to InMode Ltd. stakeholders. It set October 30, 2026, as the expiration date for its all-cash offer to acquire the company.
Steel Partners is offering $16.75 per share. The firm said its proposal is now the only outstanding offer after a competing, lower bid from a group led by InMode’s CEO expired in September.
Steel Partners first made its offer on July 9, 2026, arguing that it was superior to the insider-led bid. In its latest letter, the firm accused InMode’s board of failing to engage in good faith for more than three months and criticized its corporate governance.
The offer represents a 20% premium to InMode’s unaffected share price before bidding began.