Seer, Inc. — Form 10-Q
Filed August 11, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 24/100
What the filing says
Seer, Inc. adopted a Tax Benefit Preservation Plan on February 26, 2026, with Computershare Trust Company as rights agent. The plan issues one right per outstanding common share, exercisable to purchase 1/1000 of a Preferred Stock share at $11.00 per share (subject to adjustment). It triggers upon any person acquiring 4.9% or more of common stock without board approval, with a distribution date 10 business days after public announcement. Rights remain exercisable until February 25, 2029, unless earlier redeemed at $0.001 per right.
Why this rating
Routine shareholder rights plan to protect tax benefits under IRC Section 382; common anti-takeover mechanism. Small relative to $113.8M market cap and non-dilutive until triggered. Standard defensive governance.
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