Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 12

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 12
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poration. However, other events, such as grants under employee benefit or incentive plans, offerings of our Common Stock or other
securities convertible into our Common Stock (other than those set forth in our Articles of Incorporation) for cash or in connection with
acquisitions or third-party tender or exchange offers, which may adversely affect the market price of our Common Stock, may not result
in any adjustment. In addition, the terms of the Preferred Stock do not restrict our ability to offer Common Stock or other securities
convertible into Common Stock in the future or to engage in other transactions that could dilute our Common Stock. We have no obligation
to consider the specific interests of the holders of our Preferred Stock in engaging in any such offering or transaction.

Holders of our Preferred Stock will have no rights with respect to our Common Stock prior to conversion of their Preferred Stock, but such holders may be adversely affected by certain changes made with respect to our Common Stock.

Holders of Preferred Stock will have no rights with
respect to our Common Stock, including voting rights, rights to respond to Common Stock tender offers, if any, and rights to receive dividends
or other distributions on our Common Stock, if any, prior to any conversion date with respect to a conversion of such Preferred Stock,
but any such holder’s investment in the Preferred Stock may be negatively affected by these events. Upon conversion, a holder of
our Preferred Stock will be entitled to exercise the rights of a holder of Common Stock only as to matters for which the record date occurs
on or after the conversion date. For example, in the event that an amendment is proposed to our Articles of Incorporation or our Bylaws
(as defined herein) requiring stockholder approval and the record date for determining the stockholders of record entitled to vote on
the amendment occurs prior to a conversion date for the Preferred Stock, a holder of such Preferred Stock will not be entitled to vote
on the amendment, unless it would materially and adversely affect the rights, preferences, privileges or voting powers of the Preferred
Stock, although such holder would nevertheless be subject to any changes in the powers, preferences or rights of our Common Stock.

Our Preferred Stock ranks junior to all of our and our subsidiaries’ liabilities, as well as the capital stock of our subsidiaries held by third parties, in the event of a bankruptcy, liquidation, winding-up or dissolution of our or our subsidiaries’ assets.

In the event of a bankruptcy, liquidation, winding-up
or dissolution, our assets will be available to