Defendant Name: Precigen, Inc.

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

Document Reference: 34-89997

Document Details

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

Disgorgement & Penalty Information

Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $2,500,000.00 Shared: