Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 21

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 21
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 redemption date. The
redemption date must be a business day.

Repurchase upon a fundamental change

If a Fundamental Change occurs at any time, each
holder of Preferred Stock will have the right, at such holder’s option, to require us to repurchase for cash all of such holder’s
shares of Preferred Stock, or any portion thereof, on the date specified by us that is not less than 15 scheduled trading days nor more
than 30 scheduled trading days following the date we provide notice of such fundamental change to all holders of the Preferred Stock at
a repurchase price equal to the Stated Value thereof, plus Accumulated Dividends thereon to, but excluding, such repurchase date (unless
such repurchase date falls after any January 1 but on or prior to the immediately succeeding January 15, in which case we will instead
pay the full amount of Accumulated Dividends to holders of record as of such January 1, and the repurchase price we pay will be equal
to the Stated Value of the Preferred Stock to be repurchased).

If we do not have legally available funds sufficient
to pay the repurchase price upon a Fundamental Change in cash, we will, as soon as we are legally able to do so, pay such unpaid amount
in cash.

A “Fundamental Change” will be deemed
to have occurred at any time if any of the following occurs: (i) a “person” or “group” within the meaning of Section
13(d) of the Exchange Act, other than us, our subsidiaries, our employee benefit plans and those of our subsidiaries, the “Permitted
Holders” (as defined below) and any group that includes the Permitted Holders, files a Schedule TO (or any successor schedule, form
or report) or any other schedule, form or report under the Exchange Act that discloses that such person or group has become the direct
or indirect “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of our common equity representing more than
50% of the voting power of our common equity; (ii) the consummation of: (A) any recapitalization, reclassification or change of our Common
Stock (other than changes resulting from a subdivision or combination) as a result of which our Common Stock would be converted into,
or exchanged for, cash, securities or other property or assets, (B) any share exchange, consolidation or merger of us pursuant