Company: MBIO
Filing Date: 2025-04-04
Form Type: POS AM
Source: 0001104659-25-032236
Chunk: 15

Company: MUSTANG BIO, INC.
Filing Date: 2025-04-04
Form: POS AM
Chunk 15
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 Act. Such reports, proxy statements and other information, including the Registration Statement, and exhibits and schedules thereto, are available to the public through the Commission’s websiteat www.sec.gov.

We make available free of charge on or through our website our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, as soon as reasonably practicable after we electronically file such material with or otherwise furnish it to the Commission. The registration statement and the documents referred to under “ Incorporation of Certain Information by Reference” are also available on our websitewww.mustangbio.com.

We have not incorporated by
reference into this prospectus the information on, or that may be accessed through, our website is not part of, and you should not consider
it to be a part of this prospectus.

<div align='center'>17

6,697,889 Shares of Common Stock Issuable Upon Exercise of Previously Issued Warrants

MUSTANG BIO, INC.

PROSPECTUS

, 2025

18

PART II

INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 13. Other Expenses of Issuance and Distribution.

The following table indicates the expenses to
be incurred in connection with the offering described in this registration statement, other than Placement Agent fees, all of which will
be paid by us. All amounts are estimated except the SEC registration fee and the Financial Industry Regulatory Authority, Inc. (“FINRA”)
filing fee.

| Item                         |     | Amount |         |
|:-----------------------------|:----|:-------|--------:|
| SEC registration fee         |     | $      |   3,766 |
| FINRA filing fee             |     |        |   5,390 |
| Legal fees and expenses      |     | $      | 150,000 |
| Accounting fees and expenses |     | $      | 125,000 |
| Miscellaneous expenses       |     |        |   5,844 |
| Total                        |     | $      | 290,000 |

Item 14. Indemnification of Directors and Officers.

Under the General Corporation Law of the State
of Delaware (the “DGCL”), a corporation may include provisions in its certificate of incorporation that will relieve its directors
of monetary liability for