Company: MBIO
Filing Date: 2025-04-04
Form Type: POS AM
Source: 0001104659-25-032236
Chunk: 6

Company: MUSTANG BIO, INC.
Filing Date: 2025-04-04
Form: POS AM
Chunk 6
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 be able to take advantage of these scaled disclosures for so long
as (i) the market value of our voting and non-voting common stock held by non-affiliates is less than $250 million measured on the
last business day of our second fiscal quarter or (ii) our annual revenue is less than $100 million during the most recently completed
fiscal year and the market value of our voting and non-voting common stock held by non-affiliates is less than $700 million measured
on the last business day of our second fiscal quarter. Specifically, as a smaller reporting company, we may choose to present only the
two most recent fiscal years of audited financial statements in our Annual Reports on Form 10-K and have reduced disclosure
obligations regarding executive compensation, and if we are a smaller reporting company with less than $100 million in annual revenue,
we would not be required to obtain an attestation report on internal control over financial reporting issued by our independent registered
public accounting firm.

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THE OFFERING

| Issuance of Common Stock Underlying the Warrants |     | Up to 6,697,889                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 shares of common stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Use of proceeds:                                 |     | We will receive proceeds from our issuances of common stock upon any cash exercise of the Warrants. However, we are unable to predict the timing or amount of Warrants exercised. If all of the Warrants are exercised for cash (meaning we issue the maximum possible number of shares of common stock upon exercise of the Warrants), we will receive gross cash proceeds of approximately $16.6 million. Any proceeds received from the exercise of the Warrants will be used for working capital and other general corporate purposes. See “Use of Proceeds” on page 11. |
| Risk factors                                     |     | An investment in our securities involves a high degree of risk and could result in a loss of your entire investment. Prior to making an investment decision, you should carefully consider all of the information in this prospectus and, in particular, you should evaluate the risk factors set forth under the caption “Risk Factors” on page 8, and the other information included and incorporated by reference in this prospectus.                                                                                                                                     |
| Nasdaq Capital Market symbol                     |     | Our common stock is listed on the Nasdaq Capital Market under the symbol “MBIO”.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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