Jan. 27 at 4:29 AM
$INMD Moshe will be kept on with the sale and company will be private and he will be compensated. The Israeli fund is interested in keeping the current management headed by founder Moshe Mizrahi, who has been running the company since its inception in 2007.
Mizrahi holds 5.54% of the company's shares, worth about
$50 million, and will be able to receive about
$55-65 million upon completion of the deal. The company's CTO, Dr. Michael Kreindel, who founded it with Mizrahi and is responsible for some of its innovative developments, holds about 4.9% and will be able to receive about
$50-55 million.
Shareholders will lose a lot. Long term holders will get screwed.