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.
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.