Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 17

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 17
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 preferential rights of outstanding shares of Preferred Stock; and                                           |

| · | in the event of our liquidation, dissolution or winding up, whether voluntary or involuntary, after payment of our debts and other       
 liabilities and making provision for the holders of outstanding shares of Preferred Stock, to share equally and ratably in the remainder 
 of our assets.                                                                                                                           |

Other Rights and Preferences

Holders of our Common Stock have no preemptive,
redemption, conversion, or subscription rights and there are no sinking fund provisions applicable to our Common Stock. The rights, powers,
preferences, and privileges of holders of Common Stock are subject to, and may be impaired by, the rights of the holders of shares of
any series of preferred stock that we may designate and issue in the future.

Preferred Stock

Our board has the authority to designate and issue
from time to time one or more series of preferred stock without shareholder approval. Our board may fix and determine the preferences,
limitations, and relative rights of each series of preferred stock issued. Because our board has the power to establish the preferences
and rights of each series of preferred stock, it may afford the holders of any series of preferred stock preferences and rights, voting
or otherwise, senior to the rights of holders of our Common Stock. It is not possible to state the actual effect of the issuance of any
shares of preferred stock upon the rights of holders of Common Stock until our board determines the specific rights of the holders of
preferred stock. However, the effects might include:

| · | restricting dividends on our Common Stock; |

| · | diluting the voting power of our Common Stock; |

| · | impairing liquidation rights of our Common Stock; or |

| · | delaying or preventing a change in control of us without further action by our shareholders. |

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8.00% Series A Convertible Perpetual Preferred Stock

As used herein, “Stated Value” means
an amount per share of Preferred Stock equal to $1,000, as increased on each of January 15, 2026 and January 15, 2027 (each, a “PIK
Dividend Payment Date”) by the amount of dividends per share of Preferred Stock calculated at a rate per annum of 8.00% per share
of Preferred Stock (the “Dividend Rate”) for the period from, and including, the immediately preceding PIK Dividend Payment
Date (or, if there is no immediately preceding