Notes

Prescience Point Capital Administration Says MiMedx Shareholders Have Spoken: Been vocal Their Desire Regarding Change
Notes that a Majority of the particular Non-Affiliated, Non-Institutional Stocks Voted Against the particular Re-Election of Incumbent Directors, and Towards Approval of Executive Compensation

Demands Command Immediately Address Substantial Divergence Between the particular Share Price and Underlying Worth

Promises to Continue The Efforts to Hold MiMedx Leadership Accountable

BATON ROUGE, Una., June 14, 2022 /PRNewswire/ -- Prescience Point Capital Management LLC ("Prescience Point"), a research-focused, catalyst-driven investment firm that beneficially owns around 6. 7% associated with the outstanding common stock of MiMedx Group, Inc. ("MDXG" or the "Company") (NASDAQ: MDXG), today issued an open up letter to shareholders commenting on typically the results of you’re able to send annual meeting regarding shareholders, held about June 7, 2022:

Dear Fellow MiMedx Shareholders:

MiMedx has attempted to place a confident spin on the voting outcomes of its current annual meeting, nevertheless a more in depth and objective research of the results paints a far various picture and displays widespread discontent within the Company's aktionär base. prescience point inspire all MiMedx investors to review the final results, as tabulated by independent Inspector involving Elections and filed in a Kind 8-K with the particular Securities and Exchange Commission.

An evaluation of the outcomes reveals that, while the MiMedx's proposals had been approved, the effects were heavily distorted by votes of parties affiliated with the MiMedx Panel and other Organization insiders including EW Healthcare Partners ("EW"), who collectively individual almost 23% regarding MDXG's outstanding common stock. The benefits were further skewed by votes associated with institutional shareholders, typically the majority of who automatically vote in-line with the advice of proxy experts Glass-Lewis and ISS. In a future real contested election, we would have a chance to present each of our case to the proxy advisors and even gain the support from the institutional entrepreneur vote.

Rather as compared to resounding acceptance, seeing that implied by the Firm, the non-affiliated, non-institutional vote reflected widespread shareholder discontent along with the misguided strategic decision-making, value-destructive procedures, and excessive business compensation practices from the Board and supervision. Fully 21. 7 million and nineteen. 1 million shares were voted HOLD BACK / ABSTAIN against the re-election of Wayne Bierman and Phyllis Gardner, respectively, plus 30. 8 mil shares were voted AGAINST the executive compensation or apparent "say-on-pay" proposal. Prescience Point estimates of which approximately 56% and 49% of typically the shares voted simply by non-affiliated, non-institutional holders voted WITHHOLD or ABSTAIN up against the re-election of James Bierman and Phyllis Gardner, respectively, and 79% voted Contrary to the Board-approved "say-on-pay" proposal.

The shareholder base features spoken, as well as the information is clear: The value destruction, and reprehensible track record of excessive compensation in addition to self-dealing beneath the current Board and managing, enabled by EW, its Board designee Martin Sutter, plus Chairwoman Doctor Meters. Kathleen Behrens, may not be suffered for much more time. We are positive that the unaffiliated shareholders' response to be able to our demands change will serve as a new catalyst drive an automobile increased performance, accountability, governance and compensation practices at the Company. We also hope the Board in addition to management will pay attention to the call of innumerable shareholders in addition to show confidence inside MiMedx getting gives on the wide open market.

As thorough in our May possibly 31st presentation, we all continue to believe that MiMedx is definitely a highly-valuable, although grossly mismanaged business that could end up being worth multiples regarding its current value if only the Board and supervision would focus even more on the shareholders rather than by themselves. The current Board and management have got shown simply disregard and even contempt for the Company's individual or list shareholders, as exhibited within a recent Wall membrane Street Journal post in which CFO Pete Carlson got a swipe with MDXG's retail traders by stating, "Individual investors? sometimes place pressure on typically the stock unrelated in order to the company, by way of example when selling stocks to fund the home purchase or perhaps cover medical costs, " and, "With institutions, there's fewer noise about person financial situations since it's part of some sort of broader portfolio. very well

As demonstrated simply by the results regarding the election, while well as latest letters of disapproval sent by many large shareholders, typically the MiMedx shareholder base appears to become unified in the discompose with the circumstances. The divide plus conquer, and fumes and mirrors techniques that the Panel and management possess used in the past will no longer job. If MiMedx continues down its present misguided path, investors will have an opportunity to take backside charge of the Company at next year's annual shareholder conference, where four Panel seats is going to be upward for election.

We are appreciative of just about all the shareholders which voiced their disapproval and voted in opposition to MiMedx's incumbent candidates and compensation package deal. We will strongly monitor the Organization to ensure the Panel and management continue to implement the particular changes we need pushed for inside of our campaign, plus, if necessary, will take further actions to ensure the Company is definitely on the right path to creating value for all of their shareholders. In case the only way to realize the promise associated with MiMedx is to be able to refresh the Board and replace CEO Timothy Wright and Chairwoman Dr. Meters. Kathleen Behrens, in that case we are going to lead that will effort.

Respectfully,

Eiad Asbahi, Founder
Prescience Point Capital Supervision

Disclaimer
This substance does not amount to an offer to sell or perhaps an application of an offer you to buy virtually any of the securities described herein in different state to virtually any person. In improvement, the discussions plus opinions within this press release are for general information simply and are not intended to provide investment advice. All claims found in this click release which are not clearly historical in character or that always depend on future events are "forward-looking statements, " that are not guarantees involving future performance or even results, and the particular words "anticipate, inch "believe, " "expect, " "potential, inches "could, " "opportunity, " "estimate, inch and similar expression are generally intended in order to identify forward-looking transactions. The projected effects and statements covered in this report that are certainly not historical truth is based on current expectations, speak only since the date of the press release and even involve risks that may cause the actual results in order to be materially distinct. Certain information involved in this material is based in data extracted from options considered to always be reliable. No rendering is made with respect to be able to the accuracy or completeness of this sort of data, and any analyses provided to assist the recipient of this presentation in evaluating the concerns described herein may be based on very subjective assessments and assumptions and might use 1 among alternative strategies that produce different results. Accordingly, prescience point capital management needs to certainly not be viewed since factual and also should not become depended on as a good accurate prediction involving future results. Just about all figures are unaudited estimates and subject matter to revision without warning. Prescience Point disclaims any obligation in order to update the info herein and reserves the right to change any kind of of its viewpoints expressed herein in any time because it deems appropriate. Past performance is usually not indicative involving future results.

Regarding Prescience Point Money Management
Prescience Point Capital Management can be a private investment office manager that employs forensic investigative techniques to unearth significant mispricing in global market segments. It specializes within extensive investigations regarding difficult-to-analyze public organizations in order in order to uncover significant components of the business enterprise that will have been disregarded or ignored simply by others.

Prescience Level manages private funds on behalf of its clients and principals in addition to takes positions the two long and brief for its research. Prescience Point invests across a broad set of equities that it feels have abnormally large disparities between exactly what their underlying organizations are intrinsically well worth and what their own securities sell regarding. The firm seemed to be founded by buyer Eiad Asbahi inside 2009 and is definitely headquartered in Pioche Rouge, LA. Prescience Point Capital Managing is actually a registered expense advisor with typically the State of Louisiana. Follow @PresciencePoint.

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