tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Precigen Converts Preferred Stock to Common Shares

Story Highlights
Precigen Converts Preferred Stock to Common Shares

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An announcement from Precigen ( (PGEN) ) is now available.

On September 15, 2025, Precigen, Inc. saw the conversion of 79,000 shares of its 8.00% Series A Convertible Perpetual Preferred Stock into 54,937,411 shares of common stock. This conversion was executed under the terms of the company’s Amended and Restated Articles of Incorporation, with the common stock issued on September 17, 2025. The transaction was conducted under an exemption from registration, involving an exchange with existing security holders without any commission or remuneration for solicitation.

The most recent analyst rating on (PGEN) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Precigen stock, see the PGEN Stock Forecast page.

Spark’s Take on PGEN Stock

According to Spark, TipRanks’ AI Analyst, PGEN is a Neutral.

Precigen’s overall stock score reflects a mix of strong technical momentum and positive corporate events, offset by weak financial performance and valuation concerns. The company’s recent strategic moves and product approvals provide growth potential, but financial instability remains a significant risk.

To see Spark’s full report on PGEN stock, click here.

More about Precigen

Average Trading Volume: 8,033,408

Technical Sentiment Signal: Buy

Current Market Cap: $1.07B

See more insights into PGEN stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1