Seer faces activist Radoff-JEC proxy fight after $2.40-per-share takeover bid

• Seer heads into a contested 2026 annual meeting after activist investors Bradley L. Radoff and Michael Torok, operating as the Radoff-JEC Group, launched a board challenge.
• The group, which disclosed roughly 7.8% ownership, nominated three director candidates against the company’s seven-person slate, triggering a universal proxy contest.
• The board urged investors to back its nominees only and to vote its blue card, warning shareholders not to sign the dissident’s white card.
• The fight also overlaps with the board’s push to extend a Tax Benefit Preservation Plan through Feb. 25, 2029, a measure adopted after the activists rapidly built their stake following the company’s dual-class expiration in December 2025.
• The activists separately submitted non-binding takeover proposals topping out at USD 2.4 per share with a contingent value right, which the board rejected as undervaluing the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seer Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-229128), on May 18, 2026, and is solely responsible for the information contained therein.