SEER Seer, Inc.
Price Chart
Executive Summary
Seer's Board unanimously rejected a further revised unsolicited acquisition proposal from the Radoff-JEC Group at $2.40/share plus a contingent value right, calling it materially the same as the prior rejected proposal and below the company's cash and investments. The rejection signals the board's view that the offer significantly undervalues the company, but the ongoing activist pressure and lack of a higher bid create uncertainty.
Actionable Insight
The rejection maintains the status quo but keeps activist pressure alive. Monitor for any revised offer, proxy fight escalation, or the upcoming annual meeting (preliminary proxy filed May 18). The stock may trade near cash value until a clearer catalyst emerges.
Key Facts
- Board unanimously rejected the May 14 revised unsolicited proposal from Radoff-JEC Group at $2.40/share plus a contingent value right.
- Board determined the proposal significantly undervalues Seer and fails to reflect long-term growth prospects.
- Proposal implies an equity value meaningfully below the sum of Seer's current cash, cash equivalents and investments.
- This is the third rejected proposal from the Radoff-JEC Group; the prior rejection was on April 27, 2026.
- Perella Weinberg Partners is financial advisor; Wilson Sonsini Goodrich & Rosati is legal counsel.
Financial Impact
Proposal at $2.40/share; board states it implies equity value below cash and investments. No specific cash/investment figure provided in filing.
Risk Factors
- Activist group may escalate with a tender offer or proxy contest.
- No competing bids or strategic alternatives announced.
- Stock may continue to trade below cash value if no deal materializes.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-235517 |
| Document: ck0001726445-ex99_1.htm | 0001193125-26-235517 |
| Document: 0001193125-26-235517-index-headers.html | 0001193125-26-235517 |
| Document: 0001193125-26-235517-index.html | 0001193125-26-235517 |
| Document: 0001193125-26-235517.txt | 0001193125-26-235517 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
4d ago
|
DEFA14A
| $1.70 awaiting T+1 | awaiting T+1 | — | $1.72 (+1.18%) |
|
Jun 9, 2026
5d ago
|
DFAN14A
| $1.70 awaiting T+1 | awaiting T+1 | — | $1.72 (+1.47%) |
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Jun 3, 2026
11d ago
|
DEFA14A
| $1.85 $1.79 | ▼ −3.24% | ▼ −0.65% | $1.72 (−7.03%) |
|
Jun 3, 2026
11d ago
|
DEFA14A
| $1.85 $1.79 | ▼ −3.24% | ▼ −0.67% | $1.72 (−7.03%) |
|
May 27, 2026
18d ago
|
DFAN14A
| $1.93 $1.87 | ▼ −3.11% | ▼ −3.35% | $1.72 (−10.88%) |
|
May 22, 2026
23d ago
|
DEFA14A
| $1.79 $1.87 | ▼ −4.47% | ▼ −3.88% | $1.72 (+3.91%) |
|
May 22, 2026
23d ago
|
DEFA14A
| $1.79 $1.87 | ▼ −4.47% | ▼ −3.88% | $1.72 (+3.91%) |
|
May 22, 2026
23d ago
|
8-K
| $1.79 $1.87 | ▲ +4.47% | ▲ +3.88% | $1.72 (−3.91%) |
|
May 21, 2026
24d ago
|
Press Release
| $1.79 $1.87 | ▲ +4.47% | ▲ +3.88% | $1.72 (−3.91%) |
|
May 21, 2026
24d ago
|
PREC14A
| $1.77 $1.79 | ▲ +1.13% | ▲ +0.68% | $1.72 (−2.82%) |
US Market Status
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