Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

Shareholders' Equity
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Shareholders' Equity

8. Shareholders’ Equity


Preferred Stock


Series C Non-Voting, Non- Convertible Preferred Stock Financing Precigen Debt Conversion


Each issued and outstanding share of Series C Preferred Stock entitles the holder of record to receive dividends at the annual rate of twelve percent (12%) (the “Initial Rate”) of its Stated Value, payable by issuing additional shares of Series C Preferred Stock within thirty days after the end of each calendar year pro-rata for partial years. The Initial Rate was increased to twenty percent (20%) automatically after May 10, 2019.