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

Seer’s Board of Directors unanimously rejected a further revised unsolicited proposal from the Radoff-JEC Group to acquire the company for $2.40 per share in cash plus a contingent value right. The Board determined the offer significantly undervalues Seer and fails to reflect its long-term growth prospects, noting the implied equity value is meaningfully below the sum of Seer’s current cash, cash equivalents, and investments.

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