Company: PGEN
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001356090-25-000007
Chunk: 326

Company: PRECIGEN, INC.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 16
Chunk 326
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 as follows:2025$1,556 20261,433 20271,285 20281,260 20291,295 Thereafter553 Total7,382 Present value adjustment(1,880)Total$5,502 Current portion of operating lease liabilities$956 Long-term portion of operating lease liabilities4,546 Total$5,502 Other information related to operating leases in continuing operations was as follows:December 31,20242023Weighted average remaining lease term (years)4.835.39Weighted average discount rate11.57 %11.2 %Year Ended December 31,202420232022Supplemental disclosure of cash flow informationCash paid for operating lease liabilities$2,662 $2,326 $2,493 Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modifications of existing leases)572 399 466 During the years ended December 31, 2024 and 2022 the Company recorded impairment charges related to right-of-use assets. See Note 8 for further discussion.

F-41

15. Commitments and Contingencies

ContingenciesIn December 2020, a derivative shareholder action, captioned Edward D. Wright, derivatively on behalf of Precigen, Inc. F/K/A Intrexon Corp. v. Alvarez et al, was filed in the Circuit Court for Fairfax County in Virginia on behalf of Precigen, Inc. The complaint named as defendants certain of the Company' directors and certain of the Company's current and former officers. The complaint's claims related to disclosures made by the Company about MBP program from May 10, 2017 to March 1, 2019. The plaintiff seeks damages, forfeiture of benefits received by defendants, and an award of reasonable attorneys' fees and costs. The case was stayed by an order entered on June 14, 2021. On September 24, 2021, an individual shareholder filed a lawsuit in the Circuit Court for Henrico County styled Kent v. Precigen, Inc., Case CL21-6349. The Kent action, also related to disclosures regarding MBP program, demands inspection of certain books and records of the Company pursuant to Virginia statutory and common law. On April 1, 2022, the court denied the demurrer and referred the matter to a hearing on the merits. The Company intends to defend the lawsuits vigorously; however, there can