Company: MBIO
Filing Date: 2025-01-15
Form Type: S-1
Source: 0001410578-25-000028
Chunk: 18

Company: MUSTANG BIO, INC.
Filing Date: 2025-01-15
Form: S-1
Chunk 18
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 may be sold in the market following this offering, which may depress the market price for our common stock. |

| ● | We have broad discretion to determine how to use the funds raised in this offering and may use them in ways that may not enhance our operating results or the price of our common stock. |

| ● | There is no public market for the Warrants and pre-funded warrants being offered in this offering. |

| ● | The holders of Warrants and pre-funded warrants purchased in this offering will have no rights as common stockholders until such holders exercise their Warrants and pre-funded warrants and acquire shares of our common stock, except as set forth in the Warrants and pre-funded warrants. |

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| ● | The Warrants are speculative in nature. |

| ● | The Warrants are not exercisable until stockholder approval, provided however, if the Pricing Conditions are met, the Warrants will be exercisable upon issuance. |

| ● | The market price for our common stock has been volatile and may continue to fluctuate or may decline significantly in the future. |

| ● | This is a “best efforts” offering, no minimum amount of securities is required to be sold, and we may not raise the amount of capital we believe is required for our business plans, including our near-term business plans. |

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#### THE OFFERINGSecurities we are offeringUp to               shares of common stock and accompanying Series C-1 Warrants to purchase up to               shares of common stock, Series C-2 Warrants to purchase up to                shares of common stock, and Series C-3 Warrants to purchase up to               shares of common stock, or pre-funded warrants to purchase               shares of common stock and accompanying Series C-1 Warrants to purchase up to               shares of common stock, Series C-2 Warrants to purchase up to                shares of common stock, and Series C-3 Warrants to purchase up to               shares of common stock. The shares of common stock, or pre-funded warrants, and in each case the accompanying Series C-1 Warrants, Series C-2 Warrants, and Series C-3 Warrants will be separately transferable immediately upon issuance, but the shares of common stock, or pre-funded warrants, and in each case the accompanying Warrants will be issued to purchasers in the ratio of one to one.Description of Series C-1, Series C-2, and Series C-3 WarrantsEach Series C-1 Warrant, Series C-2 Warrant