Radoff-Torok respond to Seer’s rejection of acquisition proposal

Bradley Radoff and Michael Torok, who collectively own approximately 7.6% of the outstanding shares of Seer (SEER), issued the following statement in response to the Seer Board of Directors’ rejection of the Radoff-JEC Group’s improved non-binding proposal to acquire the Company for $2.35 per share in cash plus a contingent value right. “The rejection of our improved acquisition proposal is the latest evidence that the Board is not acting in the best interests of all stockholders, the true owners of Seer. Our proposal is fully financed and provides stockholders immediate cash at a 39% premium to Seer’s unaffected stock price, as well as an opportunity to benefit considerably from the monetization of the Company’s assets. More importantly, our proposal offers investors a superior path to the one provided by Seer’s continuing abysmal performance under the current leadership team… Our improved offer does not expire until May 2, 2026, and we urge the independent members of the Board and its financial advisor to engage with us and negotiate a transaction that will benefit all stockholders while rescuing the Company from its inevitable destruction – if it follows the trajectory of Dr. Farokhzad’s other companies – under Dr. Farokhzad’s leadership. “