other material
confidence high
sentiment negative
materiality 0.60
Precigen: $79M Preferred Stock converted into 54.9M common shares
PRECIGEN, INC.
- Holders converted 79,000 shares of 8.00% Series A Convertible Preferred Stock (stated value $79M) into 54,937,411 common shares.
- Conversion rate: 695.4103 common shares per $1,000 of Preferred Stock stated value, delivered on Sept 17, 2025.
- Shares issued in reliance on Section 3(a)(9) exemption; no commission paid.
- Conversion increases common share count by ~54.9M, potentially dilutive to existing holders.