Seer Inc’s board unanimously rejected the Radoff‑JEC Group’s revised unsolicited takeover offer of $2.40 per share plus a contingent right.
The board said the proposal undervalues Seer, citing equity value below its cash, cash equivalents and investments.
Shares fell 2.3% in after‑hours trading on May 22, 2026 following the rejection announcement.
Perella Weinberg Partners advised Seer financially, while Wilson Sonsini Goodrich & Rosati acted as legal counsel.