Company: MBIO
Filing Date: 2025-02-21
Form Type: PRE 14C
Source: 0001104659-25-016146
Chunk: 10

Company: MUSTANG BIO, INC.
Filing Date: 2025-02-21
Form: PRE 14C
Chunk 10
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<div align='center'>EFFECTIVE DATE</div>

Pursuant to Rule 14c-2 under
the Exchange Act, the above action to approve the Warrant Share Issuance will not be effective until a date at least 20 days after the
date on which the definitive Information Statement has been mailed to the stockholders.

<div align='center'>HOUSEHOLDING OF STOCKHOLDER MATERIALS</div>

Some banks, brokers and other
nominee record holders may be participating in the practice of “householding” information statements. This means that only
one copy of this Information Statement may have been sent to multiple stockholders in your household. We will promptly deliver a separate
copy of the Information Statement to you if you contact us at: Mustang Bio, Inc., 95 Sawyer Road, Suite 110, Waltham, Massachusetts 02453,
Attn: Corporate Secretary. You may also contact us at (781) 652-4500.

If you want to receive separate
copies of Information Statements in the future, or if you are receiving multiple copies and would like to receive only one copy for your
household, you should contact your bank, broker, or other nominee record holder, or you may contact us at the above address or phone number.

<div align='center'>MISCELLANEOUS MATTERS</div>

The entire cost of furnishing
this Information Statement will be borne by the Company. We will request brokerage houses, nominees, custodians, fiduciaries and other
like parties to forward this Information Statement to the beneficial owners of the common stock held of record by them and will reimburse
such persons for their reasonable charges and expenses in connection therewith. The Board has fixed the close of business on February
19, 2025 as the Record Date for the determination of stockholders who are entitled to receive this Information Statement.

This Information Statement is being mailed on or
about ,
2025 to all stockholders of record as of the Record Date.

<div align='center'>CONCLUSION</div>

As a matter of regulatory
compliance, we are sending you this Information Statement that describes the purpose and effect of the above actions. Your consent to
the above action is not required and is not being solicited in connection with this action. This Information Statement is intended to
provide our stockholders information required by the rules and regulations of the Exchange Act.

| BY ORDER OF THE BOARD OF DIRECTORS |     |                                                                        |
| , 2025