Seer, Inc. — Form SCHEDULE 13D
Filed November 2, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D
▼ Likely negative
significance 48/100
What the filing says
BML Capital Management and Brad Leonard collectively own 2,600,490 shares (4.7% of Seer) and filed a Schedule 13D on November 2, 2026, opposing the Board's recent rejection of two acquisition proposals valued at $2.45–$2.55 per share in cash. The stock fell 13% to $1.69/share after the rejection announcement. BML urges the Board to reconsider the offers, citing persistent poor financial performance and doubt that the current strategy will achieve higher valuations.
Why this rating
Activist pressure from ~5% holder on rejected M&A is moderate: material block, real dissent, but no control/forcing mechanism yet and stock already repriced significantly downward.
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