Precigen Inc. (PGEN) Prices 42.86M Share Offering at $1.75/sh

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Go back to Precigen Inc. (PGEN) Prices 42.86M Share Offering at $1.75/sh

Precigen Announces Pricing of $75.0 Million Public Offering of Common Stock

January 24, 2023 10:40 PM EST

GERMANTOWN, Md., Jan. 24, 2023 /PRNewswire/ -- Precigen, Inc. (Nasdaq: PGEN) today announced the pricing of an underwritten public offering of 42,857,143 shares of its common stock at a public offering price of $1.75 per share. Precigen has also granted the underwriters a 30-day option to purchase up to an additional 6,428,571 shares of its common stock. Gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $75.0 million, excluding any exercise of the underwriters' option. The offering is expected to close on January 27, 2023, subject to customary closing conditions.

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