Johnson Fistel Investigates Semrush (SEMR) Shareholders’ Rights Following Adobe’s $12 Buyout Offer

Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Semrush Holdings, Inc. (NYSE: SEMR) breached their fiduciary duties in connection with the proposed sale of the company to Adobe, Inc. (NASDAQ: ADBE).

If you own Semrush shares and believe this proposed transaction undervalues your investment, please consider joining our investigation.

Shareholders seeking more information may also contact lead analyst Jim Baker (jimb@johnsonfistel.com, 619-814-4471). If emailing, please include a phone number.

Background

• On November 19, 2025, Semrush announced that it had entered into a definitive merger agreement with Adobe. Under the terms of the agreement, Semrush shareholders will receive $12.00 per share in cash for each share of common stock owned.

• The proposed $12.00 per-share acquisition price is materially below Semrush’s 52-week high of $18.74, it is noted that a Wall Street analyst has set a $21 per-share target.