InMode Ltd. [NASDAQ: INMD] has disclosed a two-for-one (2:1) share split of the ordinary shares of the firm. INMD has set the record date of September 27, 2021. The share split will come into effect on September 30, 2021, and the ordinary shares of the firm will commence trading on a post-split basis on the Nasdaq Global Select Market on October 1, 2021.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The Board of Directors of the firm has provided the authorization for the share split on September 14, 2021. The share split will leave an impact on all shareholders in the same way. It will not impact any ownership percentage of any shareholder. The shareholders of the firm will not be required to submit their current certificates to obtain the shares to be issued following the share split.
Shares of InMode Ltd. [NASDAQ: INMD] skyrocketed 6.61% as the firm has gained +9.30 at the time of writing on Friday. The strong performance of the firm highlighted the positive sentiments of the investor after the firm announced the 2-for-1 share split. 2-for-1 stock split implied that it awards you two shares for every one share of a company a person holds.
Furthermore, On September 30, 2021, every share of the pre-split ordinary shares of the firm held by a shareholder as of the Record Date, including shares dependent on outstanding stock options and shares available for the fund under the equity incentive plans of the firm, will automatically be split into two shares of the post-split ordinary shares of the firm.