The Cash Burn Situation: A Closer Look at Seer's (NASDAQ:SEER)

Seer (NASDAQ:SEER) has a cash runway of about 4.7 years as of March 2025, with $240m in cash and no debt. However, the company's cash burn has decreased by 13% over the last year, and revenue has dipped by 2.3%. The business growth trajectory is uncertain, and it is also unclear how easy it would be for Seer to raise more cash for growth through debt or equity.

Rogers Communications (RCI-B.TO) has announced a significant move in its financial strategy by launching cash tender offers for both U.S. and Canadian dollar-denominated debt securities. The company has initiated offers to purchase up to US$1.25 billion in aggregate consideration, covering various series of outstanding notes with different maturity dates and interest rates [1].

The tender offers include US$1.25 billion in 4.350% senior notes due 2049, US$1 billion in 3.700% senior notes due 2049, US$750 million in 4.300% senior notes due 2048, and US$500 million in 4.500% senior notes due 2043. Additionally, there are US$1.05 billion in 5.000% senior notes due 2044, US$650 million in 5.450% senior notes due 2043, US$500 million in 2.900% senior notes due 2026, and US$2 billion in 3.800% senior notes due 2032. For Canadian dollar-denominated debt securities, Rogers is offering to purchase up to C$400 million in total, including C$300 million in 4.25% senior notes due 2049, C$500 million in 2.90% senior notes due 2030, and C$500 million in 3.30% senior notes due 2029 [1].

The cash tender offers for these debt securities will expire on July 18, 2025. This strategic move by Rogers Communications aims to manage its debt portfolio and potentially reduce interest expenses by refinancing or retiring some of its debt obligations.

Rogers Class B shares were last seen trading at $45.56 on the Toronto Stock Exchange, up by $0.64 from the previous close [1].

References:
[1] https://finance.yahoo.com/news/rogers-communications-1-launches-cash-154334401.html