Precigen Inc PGEN:NASDAQ

Last Price$2.37NASDAQ Previous Close - Last Trade as of 4:00PM ET 8/12/22

Today's Change+0.05(2.16%)
Bid (Size)$2.30 (50)
Ask (Size)$2.38 (17)
Day Low / High$2.31 - 2.44
Volume1.2 M

Precigen To Sell Trans Ova Genetics Unit For $170 Million; Shares Climb

10:34AM ET 7/05/2022 MT Newswires
Precigen (PGEN) said Tuesday it signed a definitive deal to sell its animal reproductive technologies unit Trans Ova Genetics to URUS for $170 million in cash, plus up to $10 million earn-out based on Trans Ova's performance in 2022 and 2023.

The company said the sale is in line with its strategy to focus on health care and is expected to boost its balance sheet for the repayment of its senior convertible notes when due in July 2023. Precigen expects to close the transaction in Q3.

Precigen was up nearly 19% in recent early Tuesday trading.

Price: 1.68, Change: +0.27, Percent Change: +19.01