InMode shares surge 10.61% after-hours on $1.1B foreign acquisition rumors and formal sale process initiation.

InMode Ltd. surged 10.61% in after-hours trading following reports that the Israeli medical aesthetics firm is in advanced negotiations for a $1.1 billion acquisition by a foreign investment fund. The proposed deal, representing a 25% premium over its current valuation, triggered immediate buying activity, with shares rising 14% in premarket trading earlier in the week. The company has engaged Bank of America to oversee the sale process, signaling a strategic shift toward a potential exit. While the acquisition rumors provided a short-term catalyst, the stock remains down 5% year-to-date amid broader concerns about declining revenue and operating margins. The key driver of the after-hours rally was the confirmation of a credible bid at a significant premium, aligning with the stock’s sharp upward move.