Seer receives $2.25 per share acquisition proposal from Radoff-JEC Group

Seer Inc. (NASDAQ: SEER) received an unsolicited acquisition proposal from the Radoff-JEC Group to purchase all outstanding shares of Class A common stock for $2.25 per share in cash plus a contingent value right, according to a company statement.

The proposal from Bradley L. Radoff and Michael Torok, along with their affiliates, is described as highly contingent and non-binding. Seer's board of directors will review the offer with independent financial and legal advisors to determine the best course of action for the company and stockholders.

The Radoff-JEC Group also nominated three director candidates for election to Seer's board at the company's 2026 annual stockholder meeting. The corporate governance and nominating committee will review the nominees according to company bylaws.

Seer will present its formal recommendation regarding the director nominations in its definitive proxy statement, which will be filed with the Securities and Exchange Commission and distributed to eligible stockholders. The date for the 2026 annual meeting has not been announced.

Perella Weinberg Partners LP serves as Seer's financial advisor, while Wilson Sonsini Goodrich & Rosati acts as legal counsel for the company.

The Redwood City, California-based company develops proteomics technology through its Proteograph Product Suite, which includes engineered nanoparticles, automation instruments, consumables and analytical software for research applications.

No stockholder action is required at this time, the company stated.

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