Seer Scrambles to Address Board Vacancy for Nasdaq Compliance

Seer (SEER) just unveiled an announcement.

Rachel Haurwitz, Ph.D., has abruptly resigned from Seer, Inc.’s Board of Directors, effective immediately, leaving the company in a tricky spot regarding Nasdaq’s compliance rules. This development requires Seer, Inc. to scramble to fill the board vacancy to maintain the financial expertise that Nasdaq’s Listing Rules demand for their Audit Committee. The company plans to utilize the allowed cure period to address this shortfall and is actively working to restructure the board to ensure they meet Nasdaq’s standards before the grace period expires.

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