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Supposition Point Capital Supervision Issues Open Letter to Shareholders of MiMedx Group
Supposition Point Capital Managing Issues Open Notification to Shareholders of
MiMedx Group

PR Newswire

BATON ROUGE, La., May 6, 2022

Intends on Withholding Votes Towards Directors Phyllis Gardner and James
Bierman at 2022 Yearly Meeting and Have your say Against Approval of Executive
Compensation

BATON ROUGE, La., May possibly 6, 2022 /PRNewswire/ -- Prescience Stage Capital
Management LLC ("Prescience Point"), a new research-focused, catalyst-driven
investment firm that beneficially owns approximately 6th. 7% of the exceptional
common stock of MiMedx Party, Inc. ("MDXG" or even the "Company") (NASDAQ: MDXG),
today released an open letter to shareholders announcing its intent in order to WITHHOLD
its ballots against two users of MDXG's Plank of Directors, Phyllis Gardner
and Wayne Bierman, who are usually up for political election at the Company's annual meeting associated with
shareholders on August 7, 2022.

"MDXG's share price is definitely down over 70 percent from its peak less than some sort of year ago,
mainly as an end result of mismanaged scientific trials, value-destructive
decisions, and poor investor communication, among additional failures. Yet typically prescience point capital management awarded vast amounts in inventory to CEO Tim Wright and
various other members of the particular Company's senior leadership team, " said Eiad Asbahi,
Owner and Managing Lover of Prescience Level.

"Under the Board's oversight, management offers aligned itself with, and energy
offers become overly focused into, the arms of a private equity firm, EW
Healthcare Partners ("EW"). This has triggered the Company staying operate
primarily with regard to the advantage of two factions? EW and management? on the cost
of the broader shareholder base. We expect shareholders deserve a really
representative Board that will assist sound, value-creating selections in the
ideal interests of most shareholders. It is crucial that we most
send an obvious message through the WITHHOLD votes of which continued
underperformance, too much compensation, and value-destructive actions in the
Plank and management will not be suffered. This can also aid set the level
for next year's shareholder meeting, where four Board seats will probably be up with regard to
election, " added Mr. Asbahi.

About Prescience Point Capital Management
Prescience Stage Capital Management is usually a private purchase manager that
engages forensic investigative methods to unearth significant mispricing in
global marketplaces. It specializes in extensive investigations regarding
difficult-to-analyze public businesses in order to uncover considerable components
of the particular business which were ignored or ignored simply by others.

Prescience Point manages private money on behalf of its clients in addition to rules
and takes positions both lengthy and short throughout support of their research. Prescience
Level invests across a broad set of equities which it believes have unusually
large disparities involving what their underlying businesses are intrinsically
worth and exactly what their securities market for. The organization was founded by simply investor
Eiad Asbahi last season and will be headquartered in Flandrin Rouge, LA. Supposition Point
Capital Managing is a registered investment advisor with all the State of
Louisiana. Follow @PresciencePoint.

Cision View original
content: https://www.prnewswire.com/news-releases/prescience-point-capital-management-issues-open-letter-to-shareholders-of-mimedx-group-301541456.html

SOURCE Supposition Point Capital Administration

Contact: Investor Make contact with: info@presciencepoint. com, Multimedia Contact: Dukas
Linden Public Relations, 646-808-3665, prescience@dlpr. com
My Website: https://www.bloomberg.com/press-releases/2022-05-06/prescience-point-capital-management-issues-open-letter-to-shareholders-of-mimedx-group
     
 
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