Third Security Ups Stake in Precigen to 10.9%
Ticker: PGEN · Form: SC 13D/A · Filed: May 3, 2024 · CIK: 1356090
| Field | Detail |
|---|---|
| Company | Precigen, Inc. (PGEN) |
| Form Type | SC 13D/A |
| Filed Date | May 3, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 10 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, schedule-13d, stake-increase
Related Tickers: PGEN
TL;DR
Third Security now owns 10.9% of Precigen. Big moves coming?
AI Summary
On May 2, 2024, Third Security, LLC, along with affiliated entities and individuals including R. J. Kirk, filed an amendment to their Schedule 13D concerning Precigen, Inc. This filing indicates a change in beneficial ownership, with the group now holding 10.9% of the company's outstanding common stock, amounting to 25,500,000 shares.
Why It Matters
This filing signals increased conviction or strategic interest from a significant shareholder in Precigen, potentially influencing future corporate actions or stock performance.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership by significant holders can indicate shifts in strategy or potential activism, introducing uncertainty.
Key Numbers
- 10.9% — Ownership Stake (Percentage of Precigen, Inc. common stock beneficially owned by the filing group.)
- 25,500,000 — Shares Owned (Total number of Precigen, Inc. common stock shares held by the filing group.)
Key Players & Entities
- Third Security, LLC (company) — Filing entity
- Precigen, Inc. (company) — Subject company
- R. J. Kirk (person) — Affiliated individual
- 25,500,000 (dollar_amount) — Number of shares owned
- 10.9% (dollar_amount) — Percentage of ownership
FAQ
What is the total number of shares beneficially owned by Third Security, LLC and its affiliates?
The filing indicates that Third Security, LLC and its affiliates beneficially own 25,500,000 shares of Precigen, Inc. common stock.
What percentage of Precigen, Inc. does the filing group now control?
The filing group now controls 10.9% of the outstanding common stock of Precigen, Inc.
Who is listed as the person authorized to receive notices for this filing?
Marcus E. Smith, Esq. of Third Security, LLC is authorized to receive notices and communications.
What is the CUSIP number for Precigen, Inc. common stock?
The CUSIP number for Precigen, Inc. common stock is 46122T102.
What is the date of this amendment to the Schedule 13D?
This is Amendment No. 17 to Schedule 13D, filed as of May 3, 2024, with the date of change indicated as May 2, 2024.
Filing Stats: 2,552 words · 10 min read · ~9 pages · Grade level 9.7 · Accepted 2024-05-03 20:01:15
Filing Documents
- ea0205223-13da17kirk_preci.htm (SC 13D/A) — 154KB
- ea020522301ex99-1_precigen.htm (EX-99.1) — 8KB
- 0001213900-24-039858.txt ( ) — 163KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: May 3, 2024 /s/ Randal J. Kirk Randal J. Kirk R.J. KIRK DECLARATION OF TRUST By: /s/ Randal J. Kirk Randal J. Kirk Trustee THIRD SECURITY, LLC By: /s/ Randal J. Kirk Randal J. Kirk Manager SUNSET 2020 LLC By: /s/ Randal J. Kirk Randal J. Kirk Manager KAPITAL JOE, LLC By: /s/ Randal J. Kirk Randal J. Kirk Manager EXHIBIT INDEX Exhibit 1 Joint Filing Agreement, dated as of May 3, 2024, by and among Randal J. Kirk, the R.J. Kirk Declaration of Trust, Third Security, LLC, Sunset 2020 LLC, and Kapital Joe, LLC.