Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 13

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 13
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 make payments to holders of our Preferred Stock only after all of our liabilities have
been paid. In addition, our Preferred Stock ranks structurally junior to all existing and future liabilities of our subsidiaries, as well
as the capital stock of our subsidiaries held by third parties. The rights of holders of our Preferred Stock to participate in the assets
of our subsidiaries upon any liquidation or reorganization of any subsidiary will rank junior to the prior claims of that subsidiary’s
creditors and third-party equity holders. In the event of a bankruptcy, liquidation, winding-up or dissolution, there may not be sufficient
assets remaining, after paying our and our subsidiaries’ liabilities, to pay any amounts to the holders of our Preferred Stock then
outstanding.

Certain rights of the holders of the Preferred Stock could delay or prevent an otherwise beneficial takeover or takeover attempt of us and, therefore, the ability of holders of the Preferred Stock to exercise their rights associated with a potential Fundamental Change.

<div align='center'>5</div>

Certain rights of the holders of the Preferred Stock
could make it more difficult or more expensive for a third party to acquire us. For example, the affirmative vote or consent
of the holders of at least a majority of the outstanding shares of Preferred Stock, voting as a single class, will be necessary for effecting
or validating any consummation of a binding share exchange or reclassification involving the Preferred Stock, or of a merger
or consolidation of us with or into another person, unless, in each case: (x) the shares of Preferred Stock remain outstanding and are
not amended in any respect (except to the extent required pursuant to the terms of our Articles of Incorporation) or (y) in the case of
any such merger or consolidation with respect to which we are not the surviving or resulting entity, the shares of Preferred Stock are
converted into or exchanged for preference securities of the surviving or resulting entity or its ultimate parent, and such preference
securities have such rights, preferences, privileges and voting powers, taken as a whole, that are not materially less favorable to the
holders thereof than the rights, preferences, privileges and voting powers of the Preferred Stock immediately prior to such consummation,
taken as a whole. See “Description of Capital Stock—8.00% Series A Convertible Perpetual Preferred Stock—Voting.” In
addition, provisions of Virginia law and our Articles of Incorporation and Bylaws could make it more difficult for a third party to acquire
control of us