Notes

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

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

Vows to Continue Its Efforts to Hold MiMedx Leadership Accountable

BATON ROUGE, Los angeles., June 14, 2022 /PRNewswire/ -- Supposition Point Capital Management LLC ("Prescience Point"), a research-focused, catalyst-driven investment firm of which beneficially owns approximately 6. 7% involving the outstanding standard stock of MiMedx Group, Inc. ("MDXG" or the "Company") (NASDAQ: MDXG), nowadays issued an start letter to shareholders commenting on the results of you can actually annual meeting of shareholders, held on June 7, 2022:

Dear Fellow MiMedx Shareholders:

MiMedx offers attempted to set a good spin on the voting effects of its current annual meeting, nevertheless a more detailed and objective research in the results paints a far various picture and shows widespread discontent inside the Company's shareholder base. We motivate all MiMedx shareholders to review the actual outcome, as tabulated from the independent Inspector regarding Elections and recorded in a Contact form 8-K with typically the Securities and Exchange Commission.

An examination of the benefits reveals that, even though the MiMedx's proposals had been approved, the effects were heavily altered with the votes associated with parties affiliated together with the MiMedx Plank and other Organization insiders including EW Healthcare Partners ("EW"), who collectively individual almost 23% of MDXG's outstanding normal stock. The outcomes were further skewed by the votes associated with institutional shareholders, the majority of to whom automatically vote in-line with the suggestions of proxy consultants Glass-Lewis and ISS. In a future real contested election, we would come with a chance to present each of our case to typically the proxy advisors and even gain the assistance in the institutional investor vote.

Rather compared to resounding acceptance, like implied by Firm, the non-affiliated, non-institutional vote reflected popular shareholder discontent along with the misguided ideal decision-making, value-destructive policies, and excessive executive compensation practices with the Board and administration. Fully 21. 7 million and 20. 1 million stocks were voted HOLD BACK / ABSTAIN contrary to the re-election of David Bierman and Phyllis Gardner, respectively, and 30. 8 million shares were the best performer AGAINST the acting compensation or so called "say-on-pay" proposal. Prescience Point estimates that will approximately 56% in addition to 49% of the shares voted by simply non-affiliated, non-institutional owners voted WITHHOLD / ABSTAIN against the re-election of James Bierman and Phyllis Gardner, respectively, and 79% voted Up against the Board-approved "say-on-pay" proposal.

The particular shareholder base has spoken, along with the message is clear: The significance destruction, and reprehensible track record regarding excessive compensation plus self-dealing under the existing Board and supervision, enabled by EW, its Board designee Martin Sutter, and even Chairwoman Doctor M. Kathleen Behrens, will certainly not be suffered for much longer. We are hopeful that the unaffiliated shareholders' response to be able to our requires transformation will serve as the catalyst drive an automobile improved performance, accountability, governance and compensation methods at the Firm. We also desire the Board and even management will pay attention to the call involving innumerable shareholders in addition to show confidence in MiMedx getting gives you on the open up market.

As in prescience point capital management in our May 31st presentation, all of us continue to believe that MiMedx is definitely a highly-valuable, nevertheless grossly mismanaged company that could become worth multiples associated with its current valuation if only typically the Board and managing would focus a lot more on the shareholders rather than by themselves. The current Panel and management have got shown simply overlook and even scorn for the Industry’s individual or retail shareholders, as shown in a recent Wall Street Journal content in which CFO Pete Carlson required a swipe in MDXG's retail traders by stating, "Individual investors? sometimes place pressure on the particular stock unrelated to be able to the company, by way of example when selling gives you to fund the home purchase or perhaps cover medical charges, " and, "With institutions, there's less noise about person financial situations because it's portion of the broader portfolio. inch

As demonstrated by simply the results regarding the election, because well as latest letters of disapproval sent by various large shareholders, the MiMedx shareholder base appears to be unified in its unhappiness with the status quo. The divide in addition to conquer, and smoke cigarettes and mirrors strategies that the Board and management include used previously can no longer work. If MiMedx continues down its existing misguided path, shareholders may have an prospect to take backside control of the Business at next year's annual shareholder conference, where four Board seats will probably be upward for election.

We have been appreciative of almost all the shareholders who else voiced their disapproval and voted in opposition to MiMedx's incumbent candidates and compensation deal. We will strongly monitor the Firm to ensure the Plank and management proceed to implement the particular changes we have pushed for inside our campaign, and, if necessary, will take further actions to make certain the Company is in the right direction to creating value for every it is shareholders. If the just way to realize the promise of MiMedx is to be able to refresh the Board and replace BOSS Timothy Wright and even Chairwoman Dr. Mirielle. Kathleen Behrens, then we will lead that will effort.

Respectfully,

Eiad Asbahi, Founder
Supposition Point Capital Management

Disclaimer
This material does not amount to an offer to sell or an application of an provide to buy virtually any of the stock options described herein in different state to any kind of person. In addition, the discussions and even opinions with this click release are with regard to general information simply and are not designed to provide investment advice. All statements a part of this push release which are not evidently historical in mother nature or that automatically depend on long term events are "forward-looking statements, " that are not guarantees associated with future performance or even results, and the particular words "anticipate, " "believe, " "expect, " "potential, inch "could, " "opportunity, " "estimate, inch and similar expressions are usually intended to identify forward-looking claims. The projected outcomes and statements included in this report that are not necessarily historical facts are centered on current anticipations, speak only by the date with this press release and even involve risks that will may cause the actual results in order to be materially distinct. Certain information included in this materials is based on data obtained from resources considered to become reliable. No portrayal is made from respect to be able to the accuracy or completeness of such data, and any kind of analyses provided to assist the recipient of this presentation in evaluating the matters described herein could possibly be based on very subjective assessments and presumptions and may even use a single among alternative techniques that produce diverse results. Accordingly, any kind of analyses must also not be viewed as factual and likewise should not become relied upon as a great accurate prediction regarding future results. Just about prescience point capital management are unaudited estimates and theme to revision without notice. Prescience Point disclaims any obligation in order to update the information herein and supplies the right to change any of its views expressed herein with any time as it deems correct. Past performance is not indicative regarding future results.

Concerning Prescience Point Funds Management
Prescience Point Capital Management is a private investment manager that employs forensic investigative techniques to unearth significant mispricing in global market segments. It specializes within extensive investigations of difficult-to-analyze public companies in order to be able to uncover significant components of the company that have been unnoticed or ignored simply by others.

Prescience Stage manages private cash on behalf of its consumers and principals and even takes positions the two long and brief for its analysis. Prescience Point invests across a wide-ranging set of equities that it feels have abnormally large disparities between precisely what their underlying businesses are intrinsically really worth and what their very own securities sell regarding. The firm has been founded by buyer Eiad Asbahi inside 2009 and will be headquartered in Creux Rouge, LA. Prescience Point Capital Administration is actually a registered expense advisor with the State of Louisiana. Follow @PresciencePoint.

SOURCE Prescience Point Funds Management
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