Company: MBIO
Filing Date: 2025-02-07
Form Type: 424B4
Source: 0001410578-25-000085
Chunk: 215

Company: MUSTANG BIO, INC.
Filing Date: 2025-02-07
Form: 424B4
Chunk 215
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 of shares of common stock, and no subsequent equity sales for 90 days, subject to certain exceptions. |

This offering will terminate on March 5, 2025, unless we decide to terminate the offering (which we may do at any time in our discretion) prior to that date. We expect to have a single closing for all the securities purchased in this offering. We will deliver all securities to be issued in connection with this offering delivery versus payment/receipt versus payment upon receipt by us of investor funds. Accordingly, neither we nor the placement agent have made any arrangements to place investor funds in an escrow account or trust account since the placement agent will not receive investor funds in connection with the sale of the securities offered hereunder. We expect to deliver the securities to the purchasers in the offering on or about February 7, 2025, subject to satisfaction of certain conditions. An associated person of H.C. Wainwright & Co., LLC has agreed to purchase in this offering, on the same terms and conditions as the other investors, an aggregate of 332,226 shares of common stock (or pre-funded warrants in lieu thereof), Series C-1 warrants to purchase up to 332,226 shares of common stock and Series C-2 warrants to purchase up to 332,226 shares of common stock for a total purchase price of $1,000,000.26. Fees and Expenses The following table shows per share and accompanying Warrants and per pre-funded warrant and accompanying Warrants, and total Placement Agent fees we will pay in connection with the sale of the securities in this offering, assuming the purchase of all of the securities we are offering.

|                                                                            |   |   |       ​ |
|:---------------------------------------------------------------------------|:--|:--|--------:|
| Per share and accompanying Warrants Placement Agent cash fees              |   | $ |   0.211 |
| Per pre-funded warrant and accompanying Warrants Placement Agent cash fees | ​ | $ |   0.211 |
| Total                                                                      | ​ | $ | 560,000 |

We have agreed to pay the Placement Agent a total cash fee equal to 7.0% of the gross proceeds of this offering and a management fee equal to 1.0% of the gross proceeds raised in this offering. We will also pay the Placement Agent a non-accountable expense allowance of $25,000, $15,950 for the expenses of its clearing firm, up to $3,500 for road show expenses, and will reimburse the