Radoff-JEC submit improved proposal to acquire Seer for $2.35 per share in cash

Bradley Radoff and Michael Torok, the “Radoff-JEC Group”, who collectively own approximately 7.6% of the outstanding shares of Seer (SEER), submitted the following improved non-binding proposal to acquire the Company for $2.35 per share in cash plus a contingent value right. “On April 13, 2026, we submitted a fully financed proposal that we believe provides stockholders with downside protection from continued poor business performance and a path to full value by way of a contingent value right. While the Board of Directors and its advisors were able to hastily enact a seemingly unlawful poison pill within days of our initial Schedule 13D filing,1it has now been two weeks and the Board has still not even contacted us regarding our acquisition proposal. Our view remains straightforward: Seer has failed as a public company in every way under the current leadership team, including a share price decline of over 90% since its IPO,2 cumulative reported losses exceeding $465 million3 and virtually no revenue growth… We continue to believe that although Seer has destroyed tremendous stockholder value to date, it is not too late to salvage value from its assets, capabilities and intellectual property. With that in mind, we are pleased to submit this improved, non-binding proposal to Seer’s Board to acquire 100% of the equity of the Company for $2.35 per share in cash, which represents a 39% premium to the unaffected closing price on April 10, 2026, plus a CVR representing the right for stockholders to receive 80% of the net proceeds received from any license, sale, or other disposition of Seer’s business and assets, including PrognomiQ.”