Company: MBIO
Filing Date: 2025-04-04
Form Type: POS AM
Source: 0001104659-25-032236
Chunk: 10

Company: MUSTANG BIO, INC.
Filing Date: 2025-04-04
Form: POS AM
Chunk 10
---
 our amended and restated bylaws, copies of which are attached as exhibits to the registration statement of which this prospectus forms a part, which are incorporated by reference herein.

Capital Stock

We are authorized to issue 200,000,000 shares
of common stock, par value of $0.0001 per share, of which 1,000,000 shares are designated as Class A common stock, and 2,000,000
of preferred stock, $0.0001 par value per share, of which 250,000 are designated as Class A Preferred Stock.

Common Stock

The holders of common stock are entitled to one
vote per share held.

As of April 3, 2025, there were 2,798,046
shares of our common stock outstanding held by 57 stockholders of record.

The undesignated preferred stock may be issued
from time to time in one or more series. Our Board of Directors is authorized to determine or alter the dividend rights, dividend rate,
conversion rights, voting rights, rights and terms of redemption (including sinking fund provisions, if any), the redemption price or
prices, the liquidation preferences and other designations, powers, preferences and relative, participating, optional or other special
rights, if any, and the qualifications, limitations and restrictions granted to or imposed upon any wholly unissued series of preferred
stock, and to fix the number of shares of any series of preferred stock (but not below the number of shares of any such series then outstanding).

Class A Common Stock

The holders of Class A common stock are entitled
to the number of votes equal to the number of whole shares of common stock into which the shares of Class A Common Shares held by
such holder are convertible, subject to certain adjustments inclusive of the impacts of any stock splits. For a period of ten years
from issuance, the holders of the Class A common stock have the right to appoint one member of the Board of Directors of Mustang.
To date, the holders of Class A common stock have not yet appointed such director.

Class A Preferred Stock

The Class A Preferred Stock is identical
to undesignated common stock other than as to voting rights, conversion rights, and the PIK dividend right.

The holders of the outstanding shares of Class A
Preferred Stock receive on each January 1 (each a “PIK Dividend Payment Date”) after the original issuance date of the
Class A Preferred Stock until the date all outstanding Class A Preferred Stock is converted into common