Seer Board Unanimously Rejects Revised Unsolicited Acquisition Proposal from Radoff-JEC Group

On May 21, 2026, Seer, Inc. announced that its Board of Directors unanimously rejected a further revised, unsolicited non-binding acquisition proposal from the Radoff-JEC Group (Bradley L. Radoff and Michael Torok). The proposal, received on May 14, 2026, offered to acquire all outstanding Class A common stock for $2.40 per share in cash plus a contingent value right. Following a thorough review with independent financial and legal advisors, the Board determined the offer significantly undervalues the company and its long-term growth prospects. Notably, the Board pointed out that the proposed equity value remains meaningfully below the sum of Seer's current cash, cash equivalents, and investments. This rejection follows a similar proposal from the same group that was dismissed on April 27, 2026. Seer has engaged Perella Weinberg Partners LP as its financial advisor and Wilson Sonsini Goodrich & Rosati as legal counsel to assist in evaluating these unsolicited offers as the company prepares for its 2026 Annual Meeting of Stockholders.