Notes

Supposition Point Capital Supervision Says MiMedx Shareholders Have Spoken: Voiced Their Desire Regarding Change
Notes that a Majority of typically the Non-Affiliated, Non-Institutional Stocks Voted Against the Re-Election of Incumbent Directors, and Towards Approval of Business Reimbursement

Demands Management Immediately Address Substantial Divergence Between typically the Share Price and even Underlying Worth

Marriage vows to Continue Its Efforts to Hold MiMedx Leadership Responsible

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

Dear Fellow MiMedx Shareholders:

MiMedx features attempted to put an optimistic spin on the voting effects of its the latest annual meeting, although a more comprehensive and objective evaluation with the results chemicals a far different picture and reflects widespread discontent in the Company's aktionär base. We motivate all MiMedx shareholders to review the actual outcome, as tabulated by the independent Inspector involving Elections and filed in a Type 8-K with the particular Securities and Swap Commission.

An evaluation of the results reveals that, as the MiMedx's proposals were approved, the outcomes were heavily distorted with the votes involving parties affiliated together with the MiMedx Board and other Firm insiders including EW Healthcare Partners ("EW"), who collectively individual almost 23% involving MDXG's outstanding normal stock. The outcomes were further skewed with the votes regarding institutional shareholders, typically the majority of which automatically vote in-line with the tips of proxy advisors Glass-Lewis and ISS. In the future true contested election, we all would offer a possibility to present each of our case to typically the proxy advisors plus gain the assistance in the institutional investor vote.

Rather as compared to resounding acceptance, seeing that implied by the Organization, the non-affiliated, non-institutional vote reflected common shareholder discontent with the misguided strategic decision-making, value-destructive plans, and excessive exec compensation practices of the Board and administration. Fully 21. eight million and nineteen. 1 million gives you were voted HOLD BACK / ABSTAIN against the re-election of David Bierman and Phyllis Gardner, respectively, and 30. 8 mil shares were the best performer AGAINST the full-time compensation or apparent "say-on-pay" proposal. Supposition Point estimates that approximately 56% plus 49% of typically the shares voted by simply non-affiliated, non-institutional cases voted WITHHOLD / ABSTAIN contrary to the re-election of James Bierman and Phyllis Gardner, respectively, and 79% voted Up against the Board-approved "say-on-pay" proposal.

Typically the shareholder base has spoken, along with the message is clear: The value destruction, and reprehensible track record involving excessive compensation plus self-dealing within the existing Board and supervision, enabled by EW, its Board designee Martin Sutter, in addition to Chairwoman Dr . Michael. Kathleen Behrens, will certainly not be tolerated for much longer. We are positive that the unaffiliated shareholders' response in order to our demands modification will serve as some sort of catalyst to drive increased performance, accountability, governance and compensation techniques at the Company. We also desire the Board and even management will attention the call involving innumerable shareholders and show confidence in MiMedx by purchasing gives on the open market.

As thorough in our May well 31st presentation, all of us continue to feel that MiMedx is definitely a highly-valuable, nevertheless grossly mismanaged company that could be worth multiples of its current worth if only the particular Board and supervision would focus more on the shareholders rather than by themselves. The current Board and management have shown nothing but neglect and even contempt for the Industry’s individual or store shareholders, as demonstrated within a recent Wall structure Street Journal article in which CFO Pete Carlson took a swipe from MDXG's retail buyers by stating, "Individual investors? sometimes put pressure on the stock unrelated to the company, such as when selling gives to fund some sort of home purchase or even cover medical expenditures, " and, "With institutions, there's fewer noise about personal financial situations since it's section of a new broader portfolio. "

As demonstrated by the results associated with the election, as well as current letters of disapproval sent by many large shareholders, the particular MiMedx shareholder basic appears to always be unified in the unhappiness with the status quo. The divide and conquer, and smoke cigarettes and mirrors strategies that the Board and management have got used during the past will certainly no longer function. If MiMedx carries on down its present misguided path, shareholders could have an possibility to take back control over the Company at next year's annual shareholder conference, where four Table seats will be up for election.

We have been appreciative of just about all the shareholders that voiced their disapproval and voted against MiMedx's incumbent candidates and compensation package deal. We will carefully monitor the Business to make sure the Plank and management keep on to implement the particular changes we experience pushed for inside of our campaign, plus, if necessary, will take further actions to make certain the Company is definitely in the right direction to creating value for every their shareholders. When the just way to realize the promise of MiMedx is to be able to refresh the Plank and replace TOP DOG Timothy Wright and Chairwoman Dr. M. Kathleen Behrens, well then you will lead that will effort.

Respectfully,

Eiad Asbahi, Founder
Supposition Point Capital Management

Disclaimer
This substance does not constitute an offer in order to sell or an application of an provide to buy virtually any of the securities described herein in any state to any person. In inclusion, the discussions in addition to opinions in this hit release are regarding general information only and are not meant to provide expense advice. All assertions found in this press release that are not clearly historical in mother nature or that automatically depend on foreseeable future events are "forward-looking statements, " that are not guarantees associated with future performance or results, and the words "anticipate, " "believe, " "expect, " "potential, inches "could, " "opportunity, " "estimate, inches and similar words and phrases are often intended in order to identify forward-looking claims. The projected outcomes and statements comprised in this pr release that are not necessarily historical facts are based on current expectations, speak only by the date of this press release in addition to involve risks of which may cause typically the actual results to be materially diverse. Certain information involved in this stuff is based in data from options considered to end up being reliable. prescience point capital management is made from respect to the accuracy or completeness of this kind of data, and any analyses provided in order to assist the recipient of this presentation in evaluating the issues described herein can be based on subjective assessments and assumptions and could use one among alternative methodologies that produce diverse results. Accordingly, virtually any analyses also need to certainly not be viewed since factual and furthermore should not always be depended on as a great accurate prediction involving future results. Just about all figures are unaudited estimates and theme to revision without notice. Prescience Point disclaims any obligation to update the data herein and stored the right to change any kind of of its views expressed herein with any time as it deems correct. Past performance is definitely not indicative associated with future results.

Regarding Prescience Point Capital Management
Prescience Stage Capital Management can be a private investment supervisor that employs forensic investigative techniques in order to unearth significant mispricing in global marketplaces. It specializes inside extensive investigations associated with difficult-to-analyze public companies in order to uncover significant elements of the business enterprise of which have been unnoticed or ignored simply by others.

Prescience Stage manages private cash for its consumers and principals and even takes positions both long and short in support of its analysis. Prescience Point invests across a broad set of equities that it believes have abnormally huge disparities between precisely what their underlying companies are intrinsically worth and what their very own securities sell with regard to. The firm seemed to be founded by entrepreneur Eiad Asbahi found in 2009 and is headquartered in Baton Rouge, LA. Supposition Point Capital Managing can be a registered purchase advisor with the particular State of Louisiana. Follow @PresciencePoint.

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