Mustang Bio raises $2.5M in registered direct offering and private placement

MUSTANG BIO, INC.

Issued 3,025,000 common shares and 3,105,000 pre-funded warrants (collectively 6,130,000 shares/equivalents) at $0.41/unit.
Concurrent private placement of 6,130,000 warrants with $0.41 exercise price, exercisable after stockholder approval for 5 years.
Gross proceeds ~$2.5M; net proceeds for working capital and general corporate purposes.
H.C. Wainwright as placement agent; paid 7% cash fee plus warrants.

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