Notes

Prescience Point Capital Managing Calls on MiMedx to Confirm typically the Company Has Received Words of Serious Worry from other Shareholders
Disappointed how the MiMedx Board Has Resorted to Disinformation and Distortions to Distract Investors from the Board's plus Management's Own Disappointments

Reiterates Intention to Withhold Votes Against Directors Phyllis Gardner and James Bierman at 2022 Yearly Meeting and Vote Against Approval of Executive Compensation

PIOCHE ROUGE, La., Might 18, 2022 /PRNewswire/ -- Prescience Level Capital Management LLC ("Prescience Point"), a research-focused, catalyst-driven expense firm that beneficially owns approximately 6. 7% of the outstanding common stock of MiMedx Team, Inc. ("MDXG" or the "Company") (NASDAQ: MDXG), today given the following statement:

"In recent hit releases and correspondence, MiMedx has misleadingly portrayed Prescience Stage as a lone disgruntled shareholder. Yet , from what many of us understand, several other large MiMedx investors, representing millions of MDXG shares, have sent correspondence to the Company outlining similar issues to ours. Along with an important election coming up from the Company's annual meeting of investors on June seven, 2022, we feel this is imperative of which shareholders know typically the truth. As prescience point of, we demand typically the Board and supervision to publicly confirm that they have received letters of concern from all other large shareholders in recent several weeks, " stated Eiad Asbahi, Founder in addition to Managing Partner regarding Prescience Point.

While an example regarding the apparently wide-spread discontent inside the MiMedx shareholder base, Prescience Point noted typically the following comments from an e-mail sent in order to the Board by a large, historical shareholder that has been lately made publicly accessible on an investor information website:

inch? Nevertheless , the crowning blow to most of this will be [CEO] Tim's and this kind of Boards "Let these people eat cake' approach to pass about shares of stock like candy. Investors are being kept hostage by the resulting dilution involving this ill obtained compensation.

"Shame in this Board too for accepting hundreds of thousands in stock plus cash each yr while shareholders suffer. You happen to be all derelict within your fiduciary responsibility to us? the true owners regarding MIMEDX who place our hard-earned funds into this business.

"This management and plank are not aimed with shareholders' best interests and are some sort of textbook example involving all that is usually wrong with business governance in modern-day world of avarice and self interacting. "

"Rather than acknowledge the fancy value destruction brought on by the misguided strategies and steps of the Panel and management, in addition to the totally unjustified stock awards that they have granted on their own, the Company has engaged in personal problems against me based on events coming from over twenty years in the past that have long been settled. This is usually both a disturbing weakness of persona in the publicly-traded health care company, and a new desperate make an effort to distract shareholders through the failings of the Table and management, very well said Mr. Asbahi.

Prescience Point reiterated its intention to be able to WITHHOLD its votes against two users of MDXG's Plank of Directors, Phyllis Gardner and David Bierman, who are really up for election from the Company's total annual meeting, and political election AGAINST approval regarding the executive settlement package.

"We intend to send an information how the repeated downfalls and deficiencies regarding the MiMedx Board and management will certainly not be suffered by shareholders, by voting WITHHOLD towards two directors and voting NO upon the Company's excessive and undeserved professional compensation. We expect of which MDXG shareholders have to not swallow all the misleading and self-serving disinformation constantly staying served up with the Board and managing, and that this is incumbent upon the Board because fiduciaries to set the particular record straight, very well Mr. Asbahi known.

Disclaimer

This material will not constitute a package to sell or even a solicitation associated with an offer to buy any of the particular securities described here in any point out to any individual. In addition , the discussions and opinions inside this press release are for general information just and are also not meant to provide expense advice. All claims contained in this specific press release of which are not evidently historical in nature or that always depend on upcoming events are "forward-looking statements, " which are not warranties of future overall performance or results, plus the words "anticipate, " "believe, very well "expect, " "potential, " "could, very well "opportunity, " "estimate, " and related expressions are generally intended to identify forward-looking statements. The expected results and transactions contained in this hit release that are not historic facts are depending on current expectations, communicate only as involving the date involving this press release and even involve risks of which may cause the actual results to be materially different. Certain information included inside of this material is dependent on data obtained from sources considered to be able to be reliable. Zero representation is made with respect to the accuracy or perhaps completeness of this kind of data, and any kind of analyses provided to support the recipient involving this presentation throughout evaluating the matters described herein might be according to subjective assessments and presumptions and may employ one among option methodologies that produce different results. Accordingly, any analyses have to also not be viewed as factual as well as should not turn out to be relied upon as an accurate prediction involving future results. Most figures are unaudited estimates and subject to revision without notice. Prescience Point disclaims any obligation in order to update the data herein and stores the right to be able to change any regarding its opinions stated herein anytime as it deems suitable. Past performance is simply not indicative of future results.

About Supposition Point Capital Managing

Prescience Point Funds Management is some sort of private investment office manager that employs forensic investigative techniques to be able to unearth significant mispricing in global marketplaces. It specializes in extensive investigations of difficult-to-analyze public companies within order to discover significant elements involving the business which have been overlooked or overlooked by others.

Prescience Point manages exclusive funds on account of its clientele and principals and takes positions both long and short in support regarding its research. Supposition Point invests throughout a large set of equities that it believes possess abnormally large disparities between what their very own underlying businesses are intrinsically worth and even what their stock options sell for. The particular firm was started by investor Eiad Asbahi last season in addition to is headquartered in Baton Rouge, LA. Prescience Point Funds Management is a registered investment consultant together with the State involving Louisiana. Follow @PresciencePoint.

Cision View primary content: https://www.prnewswire.com/news-releases/prescience-point-capital-management-calls-on-mimedx-to-confirm-the-company-has-received-letters-of-serious-concern-from-other-shareholders-301549997.html
Read More: https://docdro.id/r0ODfB1