Notes

Supposition Point Capital Management Says MiMedx Shareholders Have Spoken: Voiced Their Desire Intended for Change
Notes that a new Majority of the particular Non-Affiliated, Non-Institutional Stocks Voted Against the Re-Election of Incumbent Directors, and In opposition to Approval of Professional Reimbursement

Demands Command Immediately Address Massive Divergence Between the Share Price in addition to Underlying Benefit

Vows to Continue Their Efforts to Carry MiMedx Leadership Responsible

BATON ROUGE, Una., June 14, 2022 /PRNewswire/ -- Supposition Point Capital Supervision LLC ("Prescience Point"), a research-focused, catalyst-driven investment firm of which beneficially owns approximately 6. 7% of the outstanding commonplace stock of MiMedx Group, Inc. ("MDXG" or the "Company") (NASDAQ: MDXG), right now issued an open up letter to investors commenting on the results of the Company's annual meeting of shareholders, held in June 7, 2022:

Dear Fellow MiMedx Shareholders:

MiMedx has attempted to put a good spin on the voting results of its current annual meeting, but a more thorough and objective evaluation with the results chemicals a far distinct picture and reflects widespread discontent within just the Company's aktionär base. We motivate all MiMedx investors to review the final results, as tabulated with the independent Inspector involving Elections and registered in a Type 8-K with the Securities and Exchange Commission.

An analysis of the benefits reveals that, as the MiMedx's proposals have been approved, the effects were heavily distorted by the votes regarding parties affiliated together with the MiMedx Plank and other Organization insiders including EW Healthcare Partners ("EW"), who collectively individual almost 23% associated with MDXG's outstanding common stock. The results were further skewed by the votes regarding institutional shareholders, typically the majority of whom automatically vote in-line with the advice of proxy experts Glass-Lewis and ISS. Within a future real contested election, we would have an opportunity to present the case to the particular proxy advisors and even gain the help from the institutional trader vote.

Rather compared to resounding acceptance, like implied by Organization, the non-affiliated, non-institutional vote reflected widespread shareholder discontent using the misguided tactical decision-making, value-destructive policies, and excessive business compensation practices with the Board and managing. Fully 21. eight million and nineteen. 1 million shares were voted HOLD BACK / ABSTAIN from the re-election of Adam Bierman and Phyllis Gardner, respectively, and even 30. 8 thousand shares were voted AGAINST the acting compensation or alleged "say-on-pay" proposal. prescience point capital management that approximately 56% and even 49% of the particular shares voted simply by non-affiliated, non-institutional holders voted WITHHOLD as well as 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.

The shareholder base provides spoken, as well as the concept is clear: The significance destruction, and reprehensible track record regarding excessive compensation in addition to self-dealing beneath the existing Board and supervision, enabled by EW, its Board designee Martin Sutter, and even Chairwoman Dr . M. Kathleen Behrens, will certainly not be tolerated for much lengthier. We are hopeful that the unaffiliated shareholders' response to be able to our demands transformation will serve as some sort of catalyst to operate a vehicle increased performance, accountability, governance and compensation procedures at the Company. We also desire the Board in addition to management will attention the call associated with innumerable shareholders plus show confidence within MiMedx by purchasing gives on the available market.

As detailed in our May possibly 31st presentation, we continue to consider that MiMedx will be a highly-valuable, although grossly mismanaged company that could always be worth multiples of its current valuation if only the particular Board and administration would focus more on the shareholders rather than by themselves. The current Board and management have shown nothing but disregard and even contempt for the Provider's individual or retail store shareholders, as proven in a recent Wall structure Street Journal post in which CFO Pete Carlson took a swipe in MDXG's retail traders by stating, "Individual investors? sometimes set pressure on the stock unrelated in order to the company, for example when selling gives to fund a home purchase or cover medical charges, " and, "With institutions, there's fewer noise about person financial situations due to the fact it's portion of some sort of broader portfolio. inch

As demonstrated by the results of the election, since well as latest letters of disapproval sent by a number of large shareholders, the particular MiMedx shareholder basic appears to be unified in the discontent with the status quo. The divide and conquer, and smoke cigarettes and mirrors techniques that the Board and management possess used in past times will certainly no longer job. If MiMedx continues down its present misguided path, investors will have an chance to take again control of the Firm at next year's annual shareholder gathering, where four Board seats is going to be up for election.

Our company is appreciative of just about all the shareholders who voiced their disapproval and voted against MiMedx's incumbent candidates and compensation bundle. We will carefully monitor the Company to make sure the Board and management carry on to implement the particular changes we experience pushed for found in our campaign, plus, if necessary, will need further actions to make certain the Company will be in the right direction to producing value for every the shareholders. If the just way to realize the promise of MiMedx is to refresh the Board and replace TOP DOG Timothy Wright plus Chairwoman Dr. M. Kathleen Behrens, then you will lead that will effort.

Respectfully,

Eiad Asbahi, Founder
Supposition Point Capital Managing

Palinode
This material does not comprise an offer to sell or perhaps an application of an provide to buy any kind of of the securities described herein in a state to any person. In improvement, the discussions plus opinions with this push release are with regard to general information simply and are not really meant to provide investment advice. All statements a part of this hit release that are not plainly historical in mother nature or that always depend on foreseeable future events are "forward-looking statements, " which can be not guarantees regarding future performance or results, and the particular words "anticipate, very well "believe, " "expect, " "potential, " "could, " "opportunity, " "estimate, inches and similar expression are generally intended to be able to identify forward-looking transactions. The projected results and statements covered in this report that are not historical truth is based on current objectives, speak only by the date with this press release plus involve risks of which may cause the actual results in order to be materially diverse. Certain information included in this substance is based on data from sources considered to always be reliable. No rendering is made from respect to the accuracy or perhaps completeness of this sort of data, and any kind of analyses provided to assist the recipient of this presentation in evaluating the things described herein may be based on very subjective assessments and presumptions and may even use one among alternative strategies that produce different results. Accordingly, virtually any analyses should also not necessarily be viewed because factual and furthermore should not always be relied upon as the accurate prediction of future results. All figures are unaudited estimates and issue to revision without warning. Prescience Point disclaims any obligation in order to update the information herein and stored the right to change any kind of of its views expressed herein with any time because it deems suitable. Past performance is not indicative of future results.

Concerning Prescience Point Funds Management
Prescience Stage Capital Management is really a private investment supervisor that employs forensic investigative techniques to be able to unearth significant mispricing in global markets. It specializes inside extensive investigations involving difficult-to-analyze public companies in order to be able to uncover significant factors of the company of which have been ignored or ignored by others.

Prescience Stage manages private cash for its clientele and principals and even takes positions equally long and brief supporting its analysis. Prescience Point invests across a wide set of equities that it is convinced have abnormally significant disparities between exactly what their underlying businesses are intrinsically worth and what their own securities sell regarding. The firm had been founded by investor Eiad Asbahi inside of 2009 and is usually headquartered in Pioche Rouge, LA. Supposition Point Capital Managing is actually a registered investment decision advisor with typically the State of Louisiana. Follow @PresciencePoint.

ORIGIN Prescience Point Funds Management
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