InMode's CEO Offers $16.20 a Share to Take the Company Private
InMode co-founder and CEO Moshe Mizrahy filed an SC 13D/A offering $16.20 a share in cash to take the company private. Here is what the filing reveals.
The man who built InMode just offered to buy the whole thing
The co-founder and CEO of $INMD wants to take his own company private. On June 24, 2026, InMode disclosed an amended SC 13D/A revealing that a group led by CEO Moshe Mizrahy has offered $16.20 per share in cash for every InMode share the group does not already own.
That is roughly a 21% premium to where the stock closed the day before the news. On the surface it reads like a windfall for shareholders. Read the actual filing and the picture gets more interesting.
What the 13D/A actually says
The buyer is M.N. Business Strategy, Ltd., an Israeli private company. The group includes Mizrahy plus a roster of affiliated holders: Meir Shamir Management 1977 Ltd., Meir Shamir, QYP ALEF Ltd., Jeffrey Royer, Bedo Eghiayan, and Michael Avedissian. Together the affiliates already beneficially own about 7.9% of InMode as of May 31, 2026.
The offer is dated June 15, 2026, and InMode confirmed its board received it on June 17. It covers all ordinary shares not already held by the affiliates, in cash. It is non-binding, it is not subject to a financing condition, and it is contingent on negotiating definitive documentation.
On the money side, the group has a preliminary, non-binding term sheet for $200 million of debt financing from Bank Leumi, four years at SOFR plus 3.25%, with the rest of the funding coming from equity contributed by the affiliates. If the deal closes, InMode would change control and delist from Nasdaq.
Is a 21% premium actually good news?
Not on its own. A premium tells you what the buyer is willing to pay above today’s price. It does not tell you whether today’s price is fair, or whether the person setting the premium has better information than you do.
Here the buyer is the CEO and co-founder. He has run the company for years and knows its pipeline, its margins, and its cash position better than any outside shareholder. When the person with the most information offers to buy you out, the premium is worth weighing against a simple question: why now, and why this price?
That is exactly why InMode’s board did the right thing and formed a special committee of independent directors to evaluate the proposal. The CEO sits on both sides of this table. The independent directors exist to represent the shareholders he is trying to buy out.
The number the headline misses
Here is the detail that reframes the whole story. In January 2026, Steel Partners Holdings publicly floated $18.00 a share for a 51% stake in InMode. That is a higher per-share number than Mizrahy’s $16.20 for 100% of the float.
So the “premium” offer from the insider is priced below an outside bidder’s number from five months earlier. A retail investor reading only “CEO offers 21% premium” would never see that. A reader who opens the filing and remembers the Steel Partners headline sees a very different negotiation taking shape.
What NexusAlert surfaced that a news alert would not
A typical news blurb says “InMode gets buyout offer.” The filing says much more, and NexusAlert pulled the specifics the same day the 13D/A posted: the exact $16.20 cash price, the named affiliate group behind M.N. Business Strategy, the $200 million Bank Leumi financing structure, and the explicit Nasdaq delisting consequence.
The flags tell the story at a glance: insider buy, tender offer, change of control, going private. That combination on a single filing is the kind of signal worth opening, not scrolling past.
One insider buying a few thousand shares is noise. A founder-CEO filing to buy the entire company is a different kind of signal entirely. Read the whole filing, not the headline.
Create a free NexusAlert account and get the same-day filing alerts, AI summaries, and impact analysis that turn a one-line headline into the full picture.
Sources
- InMode SC 13D/A filing summary, StockTitan
- InMode receives $16.20 per share buyout proposal from CEO group, Investing.com
- InMode forms special committee to review CEO-backed $16.20 proposal, TipRanks
- InMode confirms receipt of unsolicited proposal, PR Newswire
- Steel Partners presents $18.00 per share offer for 51% of InMode, Business Wire
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