Steel Partners Offers $16.75 Per Share To Acquire InMode, Urges Board To Reject CEO-Led Bid

InMode Ltd.

InMode Ltd.

INMD

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Superior Proposal Exceeds Conflicted CEO-Led $16.20 Insider Bid and Provides Optional Shareholder Rollover

Demands the Board Take Immediate Action to Remove Incapable and Conflicted CEO

Calls on Board to Form a Truly Independent Special Committee and Retain an Independent Investment Bank to Immediately Engage with Steel around Its Superior Offer

Steel Partners Holdings L.P. (together with its affiliates, "Steel"), a significant, long-standing shareholder of InMode Ltd. ("InMode" or the "Company") (NASDAQ:INMD), today issued a letter to the Board of Directors (the "Board") of the Company, offering to acquire 100% of the shares of InMode for $16.75 per share in cash. The full text of the letter is below.

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