Company: MBIO
Filing Date: 2025-02-11
Form Type: SCHEDULE 13G
Source: 0001213900-25-012255
Chunk: 1

Company: MUSTANG BIO, INC.
Filing Date: 2025-02-11
Form: SCHEDULE 13G
Chunk 1
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 a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 3 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial ownership of 1,993,356 shares of Common Stock. (ii) As of the close of business on February 11, 2025, each of the Reporting Persons may have been deemed to have beneficial ownership of 186,552 shares of Common Stock, which consisted of (i) 109,500 shares of Common Stock held by Intracoastal and (ii) 77,052 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1, and all such shares of Common Stock represented beneficial ownership of approximately 9.99% of the Common Stock, based on (1) 1,295,338 shares of Common Stock outstanding as of January 31, 2025, as reported by the Issuer, plus (2) 495,000 shares of Common Stock in the aggregate issued at the closing of transaction contemplated by the SPA and (3) 77,052 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1. The foregoing excludes (I) 445,400 shares of Common Stock issuable upon exercise Intracoastal Warrant 1 because Intracoastal Warrant 1 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 1 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 9.99% of the Common Stock, (II) 664,452 shares of Common Stock issuable upon exercise of Intracoastal Warrant 2 because Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 2 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together