secwatch.observer — SEC 8-K summary
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Issuer:     PRECIGEN, INC. (PGEN)
CIK:        0001356090
Form:       8-K
Filed at:   2025-09-17T23:59:59+00:00
Accession:  0000950103-25-011775
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Precigen: $79M Preferred Stock converted into 54.9M common shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1356090/000095010325011775/0000950103-25-011775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1356090/000095010325011775/dp234458_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-011775

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer