Seer, Inc. (SEER) Form SCHEDULE 13D — Nov 2, 2026
BML Investment Partners and Braden Leonard filed a Schedule 13D on Seer, Inc. disclosing beneficial ownership of 2,600,490 shares, or 4.7% of the class, with funds sourced from working capital. The 13D states the group sent a letter to Seer's board on November 2 expressing disappointment in the board's decision to remain a public company after rejecting two acquisition proposals earlier in the year. The letter urges the board to reconsider the rejected offers of $2.45 to $2.55 per share in cash, noting the stock fell 13% to $1.69 the day after the rejection and that persistently poor financial performance gives little indication a higher valuation lies ahead.
Key figures
- Activist stake percent
- 4.7%
- Post rejection stock price
- $1.69
- Post rejection stock decline
- 13%
- Acquisition offer range per share
- $2.45-$2.55
AI analysis
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