Defendant Name: Precigen, Inc.

Defendant Type: Public Company
SIC Code: 8731
CUSIP: 46122T10

Initial Case Details

Legal Case Name In the Matter of Precigen, Inc. (f/k/a Intrexon Corporation)
First Document Date 25-Sep-2020
Initial Filing Format Administrative Action
File Number 3-20069
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-11

Resolutions

First Resolution Date 25-Sep-2020
Headline Total Penalty and Disgorgement $2,500,000

Related Documents:

34-89997 25-Sep-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On September 25, 2020, the SEC instituted settled cease-and-desist proceedings against Precigen, Inc. The Commission stated: "These proceedings involve inaccurate reports concerning the company’s purported success converting relatively inexpensive natural gas into more expensive industrial chemicals using a proprietary methane bioconversion (“MBC”) program."