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

Seer’s Board of Directors unanimously rejected a revised unsolicited proposal from the Radoff-JEC Group to acquire all outstanding Class A common stock for $2.35 per share in cash plus a contingent value right. The Board concluded that the proposal significantly undervalues the company, noting the implied equity value is materially below the sum of Seer’s current cash, cash equivalents, and investments.

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