InMode Responds to Doma Perpetual's Letters
InMode Ltd. - Ordinary Shares (INMD)
Last inmode ltd. - ordinary shares earnings: 2/18 08:00 am
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Source: PR Newswire
Clarifies Capital Allocation Strategy and Commitment to Shareholder ReturnsRefutes Misconceptions on Staffing and ProductionAsserts No Justification for Additional Legal ActionYOKNEAM, Israel, March 6, 2025 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD) ("InMode"), a leading global provider of innovative medical technologies, today sent a letter to DOMA Perpetual Capital Management LLC ("DOMA") CEO and CIO Pedro Escudero in response to issues presented in his public letter dated January 15, 2025.The letter can be viewed hereThe full text of the letter follows:March 6, 2025Mr. Pedro EscuderoCEO and CIODOMA Perpetual Capital Management LLCDear Mr. Escudero,As CEO of InMode, I felt it was important to wait until after our earnings call on February 4, 2025, to respond comprehensively to the concerns raised in your recent communications. Over the past year, you have sent several letters, including two public ones, expressing dissatisfaction with InMode's operational management and shareholder
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