Company: MBIO
Filing Date: 2025-02-07
Form Type: 424B4
Source: 0001410578-25-000085
Chunk: 224

Company: MUSTANG BIO, INC.
Filing Date: 2025-02-07
Form: 424B4
Chunk 224
---
 |           949 | ​ | ​      |   — | ​ | ​        |      — | ​ | ​          |     178 | ​ | ​           |        — | ​ | ​             |     178 |
| Stock-based compensation expenses                                             | ​ |                       — | ​ | ​      | — | ​ |                     — | ​ | ​      | — | ​ |         1,311 | ​ | ​      |   — | ​ | ​        |      — | ​ | ​          |     568 | ​ | ​           |        — | ​ | ​             |     568 |
| Exercise of warrants                                                          | ​ |                       — | ​ | ​      | — | ​ |                     — | ​ | ​      | — | ​ |             1 | ​ |        |   — | ​ | ​        |      — | ​ | ​          |       — | ​ | ​           |        — | ​ | ​             |       — |
| Reverse Split (15:1) adjustment                                               | ​ |                       — | ​ | ​      | — | ​ |                     — | ​ | ​      | — | ​ |           -32 | ​ |        | -10 | ​ | ​        |      — | ​ | ​          |      10 | ​ | ​           |        — | ​ | ​             |       — |
| Net loss                                                                      | ​ |                       — | ​ | ​      | — | ​ |                     — | ​ | ​      | — | ​ |             — | ​ | ​      |   — | ​ | ​        |      — | ​ | ​          |       — | ​ | ​           |  -51,602 | ​ | ​             | -51,602 |
| Balances at December 31, 2023                                                 |   |                 250,000 | ​ | $      | — |   |               845,385 | ​ | $      | — |   |       166,974 | ​ | $      |   1 | ​ | $        |    591 | ​ | $          | 380,502 | ​ | $           | -380,971 | ​ | $             |     123 |

See accompanying notes to financial statements.

F-6

MUSTANG BIO, INC. STATEMENTS OF CASH FLOWS (in thousands)

| ​                                                                                     
 ​                                                                                     | ​ 
 ​ 
 ​ | ​                               
 For the year ended December