Shareholders' Equity |
6 Months Ended |
---|---|
Jun. 30, 2020 | |
Equity [Abstract] | |
Shareholders' Equity |
9. Shareholders’ Equity
Common Stock
On May 1, 2020, the Company issued (i) 9,200,000 shares of Common Stock and (ii) warrants to acquire 9,200,000 shares of Common Stock in connection with its acquisition of Noachis Terra Inc. See Note 4. Acquisition.
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. |