Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 20

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 20
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 other at the time of declaration.

In addition, the limitations set forth in the
second immediately preceding paragraph will not apply to (1) any dividend or distribution payable in shares of Common Stock or other Junior
Stock; (2) any dividends or distributions of rights in connection with a shareholders’ rights plan or any redemption or repurchase
of rights pursuant to any shareholders’ rights plan; or (3) the exchange or conversion of Junior Stock for or into other Junior
Stock or of Parity Stock for or into other Parity Stock (with the same or lesser aggregate liquidation preference) or Junior Stock and,
in each case, the payment of cash solely in lieu of fractional shares.

Holders of shares of Preferred Stock will not
be entitled to any dividend in excess of full cumulative dividends, except as set forth in our Articles of Incorporation.

Holders of shares of Preferred Stock at the close
of business on any January 1 will be entitled to receive the dividend payment on those shares on the corresponding January 15 notwithstanding
the conversion of such shares following such January 1. Shares of Preferred Stock surrendered for conversion during the period from the
close of business on any January 1 to the open of business on the immediately following January 15 must be accompanied by funds equal
to the amount of dividends (if any) payable on the shares of Preferred Stock so converted on such January 15 to holders of record on such
January 1. However, no such payment is necessary if we have specified a redemption date that is after any January 1 and on
or prior to the business day immediately following the next January 15. Except as described in the second immediately preceding sentence
and in the case of certain mandatory conversions, we will not make any payment or allowance for unpaid dividends, whether or not in arrears,
on converted shares of Preferred Stock or for dividends on the shares of Common Stock issued upon conversion.

Optional redemption

The Preferred Stock is redeemable, in whole or
in part, for cash at our option at any time. If we exercise our right to redeem all or any whole number of shares of the Preferred
Stock, we will fix a date for redemption and provide notice not less than 30 days prior to such redemption date to each holder of Preferred
Stock at its last address as the same appears on our stock register. The redemption price will be an amount in cash per share
of Preferred Stock equal to the Stated Value thereof, plus Accumulated Dividends to, but excluding, the