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MUSTANG BIO, INC.

For the period ended Dec 31, 2025. Filed Mar 19, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 19, 2026

MBIO$0.45+15.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Balance Sheets as of December 31, 2025 and 2024

BALANCE SHEETS

(in thousands, except for share and per share amounts)

​​​​​​​
​ · ​ · December 31, · ​ · December 31,
​ · ​ ​ ​ · 2025 · ​ ​ ​ · 2024
​ · ​ · ​ · ​ · ​
ASSETS · ​ · ​ · ​ · ​
Current Assets: · ​ · ​ · ​ · ​
Cash and cash equivalents​$17,266​$6,839
Other receivables​​217​​402
Prepaid expenses and other current assets​110​200
Property, plant and equipment, held for sale​—​1,165
Total current assets​17,593​8,606
​​​​​
Property, plant and equipment, net​—​371
Other assets​—​250
Operating lease right-of-use asset, net​​—​​81
Total Assets​$17,593​$9,308
​​​​​
LIABILITIES AND STOCKHOLDERS’ EQUITY​​​​
Current Liabilities:​​​​
Accounts payable and accrued expenses​$5,411​$9,486
Payables and accrued expenses - related party​​2,503​​2,667
Operating lease liabilities - short-term​​—​​456
Total current liabilities​7,914​12,609
​​​​​
Deferred income​150​150
Operating lease liabilities - long-term​​—​​422
Total Liabilities​8,064​13,181
​​​​​
Commitments and Contingencies (Note 7)​​​​
​​​​​
Stockholders’ Equity (Deficit)​​​​
Preferred stock ($0.0001 par value), 2,000,000 shares authorized, 250,000 shares of Class A preferred stock issued and outstanding as of December 31, 2025 and December 31, 2024, respectively​—​—
Common stock ($0.0001 par value), 200,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively​​​​
Class A common shares, 845,385 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively​—​—
Common shares, 6,453,701, and 985,972 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively​1​5
Common stock issuable, 278,385 and 69,046 shares as of December 31, 2025 and December 31, 2024, respectively​273​611
Additional paid-in capital​407,899​392,234
Accumulated deficit​(398,644)​(396,723)
Total Stockholders’ Equity (Deficit)​9,529​(3,873)
Total Liabilities and Stockholders’ Equity (Deficit)​$17,593​$9,308
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.