Steel Partners Holdings L.P. Issues Open Letter to All InMode Stakeholders and Sets October 30, 2026 Expiration for Its $16.75 Per Share All-Cash Offer
Business Wire•19/10/2026•08:00 ET
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Key Highlights
- ➤$16.75-per-share all-cash InMode offer expires October 30, 2026
- ➤CEO-led competing proposal expired without a transaction
- ➤InMode Q2 revenue $95.6 million, flat year-over-year
- ➤Full-year non-GAAP operating income guidance cut to $68 million-$73 million
- ➤Steel says guidance has been reduced six times since February 2024
Expert Statements
Warren G. Lichtenstein, Executive Chairman of Steel Partners Holdings L.P.
“A Board that cannot be trusted to oversee management or to run a fair process for a premium, all-cash offer should be replaced by directors the shareholders choose, and we will pursue all available remedies to protect shareholder interests and hold this Board accountable.”
Steel Partners Holdings L.P. Issues Open Letter to All InMode Stakeholders and Sets October 30, 2026 Expiration for Its $16.75 Per Share All-Cash Offer
After More Than Three Months, the Company Has Refused to Engage on Steel’s Proposal
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