Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 10

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 10
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mandatory conversion date will be a date that we select and will be no later than ten business days after the date we provide notice of
such mandatory conversion to holders of our Preferred Stock. If, on any such mandatory conversion date, (x) the arithmetic
average of the closing sale prices of our Common Stock over the five trading day period ending on, and including, the last trading day
of the fiscal quarter immediately preceding such mandatory conversion date exceeds approximately $1.125 and (y) the market price of our
shares of Common Stock on such mandatory conversion date is less than such arithmetic average, then holders of our Preferred Stock will
receive shares of our Common Stock with an aggregate market value that is less than the aggregate the liquidation preference represented
by their shares of Preferred Stock. See “Description of Capital Stock—8.00% Series A Convertible Perpetual Preferred Stock—Conversion.”

Our Articles of Incorporation permit our affiliates that own shares of Preferred Stock to vote, and their interests may not be aligned with yours.

Under the terms of our Articles of Incorporation,
shares of Preferred Stock owned of record by our affiliates will be considered to be outstanding for purposes of determining whether holders
of the required number of shares of Preferred Stock have concurred in any request, demand, authorization, notice, direction, amendment,
alteration, repeal, supplement, waiver or consent, and such affiliates will be entitled to vote such shares of Preferred Stock. The interests
of our affiliates that own shares of our Preferred Stock may differ from those of holders who acquire the shares of Preferred Stock offered
hereby, and such affiliates could use their ownership position in the Preferred Stock (and ability to vote the shares of Preferred Stock)
to facilitate actions by us that could have a material adverse effect on the value of the shares of Preferred Stock offered hereby. Moreover,
such affiliates could use their equity position in us to facilitate actions by us that could have a material adverse effect on the value
of the shares of Preferred Stock offered hereby.

There is no public market for our Preferred Stock.

There is no established public trading market for
our Preferred Stock, and we do not expect a market to develop. Our Preferred Stock is not currently listed on any securities exchange
or nationally recognized trading system and we may not apply to list it in the future. Without an active market, the liquidity of our
Preferred Stock will be limited.

The number of shares being registered for offer and resale is significant in relation to the number of our outstanding shares of Common Stock.

We