Nov. 12 at 5:12 PM
$PROG $OTCM has agreed to a
$1M settlement to resolve claims that it misled investors about overbilling issues and financial risks ahead of its 2020 IPO.
Who’s eligible?
Anyone who purchased
$PROG shares between June 22, 2020, and August 28, 2020.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$0.21 — but if only ~25% of eligible investors file, the effective payout could increase to
$0.84.
Can I still file?
Yes — the settlement has been preliminarily approved by the court, and claims are currently being accepted.
When do payouts happen?
Typically within 8–12 months after final court approval of the settlement.
To file your claim: https://11th.com/cases/progenity-investor-settlement?utm_source=stocktwits&utm_medium=referral&utm_campaign=faq&utm_content=11122025