secwatch.observer — SEC 8-K summary
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Issuer:     MUSTANG BIO, INC. (MBIO)
CIK:        0001680048
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001558370-23-005369
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mustang Bio effects 15-for-1 reverse stock split to regain Nasdaq compliance
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- Reverse split effective April 3, 2023; shares trade split-adjusted April 4.
- Outstanding shares reduced from ~109.4M to ~7.3M; no fractional shares issued.
- Split approved by ~62.2% of voting power; Board set ratio on March 15.
- Aimed at meeting Nasdaq $1.00 minimum bid price requirement for continued listing.
- Bylaws amended to change quorum requirement to majority of outstanding voting power.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680048/000155837023005369/0001558370-23-005369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680048/000155837023005369/tmb-20230328x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-005369

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer