The investment firm, based in Miami, sent a letter to the InMode Board of Directors on June 26, 2026, demanding rigorous oversight of the takeover bid. DOMA contends that the proposal creates a severe conflict of interest, as the acquisition is led by the company’s own CEO. This move follows a long-standing dispute between the two parties, with DOMA having previously called for the executive's removal in May 2025 due to sustained operational underperformance.
DOMA Perpetual Rejects InMode Buyout Bid, Citing Insider Conflicts
DOMA Perpetual Capital Management, holding a 4.63% stake in InMode Ltd., has formally declared its opposition to the company's proposed acquisition. CEO Pedro Escudero labels the $16.20 per share offer a strategic undervaluation, arguing that management is attempting to capitalize on a depressed share price resulting from their own poor performance.
DOMA is calling for the immediate formation of an independent special committee to evaluate the deal, free from ties to current management. The firm insists on a comprehensive market check to determine if higher offers exist and expects the Board to fulfill its fiduciary duty to protect all shareholders. Until these conditions are met and the valuation is reconsidered, DOMA intends to vote against the transaction, warning that the current offer risks significant destruction of shareholder value.
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