Company: MBIO
Filing Date: 2025-01-10
Form Type: PRE 14C
Source: 0001104659-25-002602
Chunk: 9

Company: MUSTANG BIO, INC.
Filing Date: 2025-01-10
Form: PRE 14C
Chunk 9
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icial 
          Ownership |     | Percentage 
         of 
      Total 
    Class A 
  Preferred 
      Stock |   |
| Fortress Biotech, Inc.             |     |            250,000 |     |        100 | % |

(1) The address of Fortress Biotech Inc. is c/o Fortress Biotech,
Inc., 1111 Kane Concourse, Suite 301, Bay Harbor Islands, Florida 33154.

<div align='center'>ADDITIONAL INFORMATION</div>

We file reports with the SEC on an annual basis using Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The SEC maintains a website that contains annual, quarterly, and current reports, proxy statements, and other information that issuers (including us) file electronically with the SEC. The SEC’s website address is. You can also obtain copies of materials
we file with the SEC from our Internet website found at . Our common stock is listed on the Nasdaq Capital Market
under the symbol “MBIO.”

<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., 377 Plantation Street, Worcester, Massachusetts 01605,
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