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Supposition Point Capital Supervision Issues Open Notification to Shareholders associated with MiMedx Group
Supposition Point Capital Management Issues Open Page to Shareholders of
MiMedx Group

PR Newswire

BATON ROUGE, La., May a few, 2022

Intends on Withholding Votes In opposition to Directors Phyllis Gardner and James
Bierman at 2022 Twelve-monthly Meeting and Vote Against Approval regarding Executive
Compensation

BATON ROUGE, La., May possibly 6, 2022 /PRNewswire/ -- Prescience Stage Capital
Management LLC ("Prescience Point"), the research-focused, catalyst-driven
purchase firm that beneficially owns approximately six. 7% of the excellent
common stock of MiMedx Team, Inc. ("MDXG" or perhaps the "Company") (NASDAQ: MDXG),
today issued an open notice to shareholders announcing its intent to WITHHOLD
its votes against two users of MDXG's Panel of Directors, Phyllis Gardner
and Adam Bierman, who are really up for election at the Carrier's annual meeting of
shareholders on Summer 7, 2022.

"MDXG's share price is definitely down over 70 percent from its peak less than a year ago,
largely as an end result of mismanaged medical trials, value-destructive
judgements, and poor trader communication, among some other failures. Yet the particular
Board recently awarded vast amounts in stock to CEO Bernard Wright and
additional members of typically the Company's senior authority team, " said Eiad Asbahi,
Originator and Managing Spouse of Prescience Point.

"Under the Board's oversight, management offers aligned itself along with, and electrical power
provides become overly targeted into, the palms of a non-public equity firm, EW
Healthcare Partners ("EW"). This has triggered the Company being run
primarily intended for the benefit for two factions? EW and management? with the cost
of the broader shareholder base. We expect shareholders deserve a genuinely
representative Board that can help sound, value-creating choices in the
greatest interests of shareholders. prescience point capital management is crucial that we almost all
send a clear message through our WITHHOLD votes of which continued
underperformance, too much compensation, and value-destructive actions with the
Panel and management will not be tolerated. This can also aid set the stage
for next year's shareholder meeting, exactly where four Board chairs will be up with regard to
election, " additional Mr. Asbahi.

Concerning Prescience Point Funds Management
Prescience Point Capital Management is definitely a private purchase manager that
uses forensic investigative ways to unearth significant mispricing in
global market segments. It specializes in extensive investigations involving
difficult-to-analyze public businesses to be able to uncover important components
of the business that have been unnoticed or ignored by simply others.

Prescience Point manages private money on behalf of its clients and even principals
and will take positions both very long and short inside support of its research. Prescience
Level invests across a wide range of equities that it believes have unusually
large disparities between what their underlying businesses are intrinsically
worth and exactly what their securities sell for. The organization was founded simply by trader
Eiad Asbahi last season and is usually headquartered in Flandrin Rouge, LA. Prescience Point
Capital Managing is an authorized investment advisor with the State of
Louisiana. Follow @PresciencePoint.

Cision View original
written 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 Get in touch with: info@presciencepoint. com, Press Contact: Dukas
Linden Public Relations, 646-808-3665, prescience@dlpr. com
My Website: https://www.ultimate-guitar.com/u/korsgaarddueholm8
     
 
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