Company: MBIO
Filing Date: 2025-01-15
Form Type: S-1
Source: 0001410578-25-000028
Chunk: 267

Company: MUSTANG BIO, INC.
Filing Date: 2025-01-15
Form: S-1
Chunk 267
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 | -380,971 |
| Total Stockholders’ Equity                                                                                                                                                                      | ​ |               |   -8,656 | ​ |              |      123 |
| Total Liabilities and Stockholders’ Equity                                                                                                                                                      | ​ | $             |    7,193 | ​ | $            |   17,742 |

The accompanying notes are an integral part of these unaudited financial statements.

F-31

MUSTANG BIO, INC. Statements of Operations (Unaudited) (in thousands, except share and per share amounts)

| ​                                                                       
 ​                                                                       
 ​                                                                       
 Operating expenses:                                                     | ​ 
 ​ | ​                                        
 For the three months ended September 30, 
 2024                                     
 ​                                        |          ​ | ​ | ​    
 2023 
 ​    |         ​ | ​ 
 ​ | ​                                       
 For the nine months ended September 30, 
 2024                                    
 ​                                       |          ​ | ​ | ​    
 2023 
 ​    |         ​ | ​ 
 ​ |
|:------------------------------------------------------------------------|:--|:-----------------------------------------|-----------:|:--|:-----|----------:|:--|:----------------------------------------|-----------:|:--|:-----|----------:|:--|
| Research and development                                                | ​ | $                                        |         57 | ​ | $    |     9,527 | ​ | $                                       |      8,221 | ​ | $    |    34,363 | ​ |
| Asset impairment                                                        | ​ | ​                                        |          — | ​ |      |         — | ​ | ​                                       |      2,649 | ​ | ​    |         — | ​ |
| Gain on the sale of property and equipment                              | ​ | ​                                        |          — | ​ | ​    |    -1,351 | ​ | ​                                       |          — | ​ | ​    |    -1,351 | ​ |
| General and administrative                                              | ​ |                                          |      1,400 | ​ |      |     2,131 | ​ |                                         |      4,358 | ​ |      |     7,507 | ​ |
| Total operating expenses                                                | ​ |                                          |      1,457 | ​ |      |    10,307 | ​ |                                         |     15,228 | ​ |      |    40,519 | ​ |
| Loss from operations                                                    | ​ |                                          |     -1,457