Notes

Supposition Point Capital Management Calls on MiMedx to Confirm the particular Company Has brought Letters of Serious Problem from other Shareholders
Disappointed that the MiMedx Panel Has Resorted to be able to Disinformation and Effects to Distract Investors in the Board's and Management's Own Problems

Reiterates Intention to Withhold Votes Towards Directors Phyllis Gardner and James Bierman at 2022 Twelve-monthly Meeting and Election Against Approval of Executive Compensation

PIOCHE ROUGE, La., May possibly 18, 2022 /PRNewswire/ -- Prescience Level Capital Management LLC ("Prescience Point"), the research-focused, catalyst-driven purchase firm that beneficially owns approximately six. 7% of the particular outstanding common inventory of MiMedx Party, Inc. ("MDXG" or even the "Company") (NASDAQ: MDXG), today granted the following declaration:

"In recent click releases and words, MiMedx has misleadingly portrayed Prescience Point as a lone disgruntled shareholder. Yet , from what many of us understand, several other large MiMedx shareholders, representing an incredible number of MDXG shares, have sent out correspondence to the Firm outlining similar concerns to ours. Together with an important have your say coming up with the Company's yearly meeting of investors on June 7, 2022, we feel this is imperative that will shareholders know the particular truth. As this kind of, we demand the particular Board and supervision to publicly validate that they include received letters involving concern from the other huge shareholders current days, " stated Eiad Asbahi, Founder in addition to Managing Partner involving Prescience Point.

Like an example involving the apparently widespread discontent in the MiMedx shareholder base, Supposition Point noted the particular following comments from your e-mail sent in order to the Board by a large, historical shareholder which was lately made publicly obtainable on an buyer information website:

very well? However , the crowning blow to just about all of this is [CEO] Tim's and this particular Boards "Let all of them eat cake' approach to pass all-around shares of share like candy. prescience point capital management are being held hostage by typically the resulting dilution associated with this ill obtained compensation.

"Shame upon this Board also for accepting millions in stock in addition to cash each year while shareholders endure. You might be all derelict inside your fiduciary duty to us? typically the true owners involving MIMEDX who place our hard-earned cash into this company.

"This management and table are not aimed with shareholders' needs and are a new textbook example associated with all that will be wrong with corporate and business governance in this world of avarice and self dealing. "

"Rather than acknowledge the egregious value destruction caused by the misdirected strategies and behavior of the Plank and management, and even the totally unjustified stock awards that they have granted themselves, the Company has involved in personal episodes against me centered on events coming from over two decades back that have always been settled. This is definitely both a distressing weakness of personality inside a publicly-traded health care company, and a desperate try to distract shareholders from the failings of the Panel and management, very well said Mr. Asbahi.

Prescience Point reiterated its intention in order to WITHHOLD its ballots against two users of MDXG's Table of Directors, Phyllis Gardner and Wayne Bierman, who are generally on with election in the Company's twelve-monthly meeting, and to have your vote AGAINST approval involving the executive payment package.

"We intend to send a concept that the repeated failures and deficiencies of the MiMedx Plank and management is going to not be tolerated by shareholders, simply by voting WITHHOLD in opposition to two directors plus voting NO about the Company's too much and undeserved executive compensation. We believe that will MDXG shareholders ought to not swallow each of the misleading and self-serving disinformation constantly becoming served up with the Board and management, and that it is incumbent upon the Board as fiduciaries to create the record straight, inches Mr. Asbahi mentioned.

Disclaimer

This material does not constitute a package to sell or a solicitation regarding an offer to buy any of the securities described here in any express to any man or woman. Additionally , the discussions and opinions within this pr release are for general information only and they are not designed to provide purchase advice. All assertions contained in this specific press release that will are not plainly historical in character or that necessarily depend on foreseeable future events are "forward-looking statements, " which in turn are not warranties of future efficiency or results, and even the words "anticipate, " "believe, inches "expect, " "potential, " "could, very well "opportunity, " "estimate, " and similar expressions are normally meant to identify forward-looking statements. The forecasted results and assertions a part of this click release that are not historical facts are based on current expectations, speak only as regarding the date of this report and even involve risks that will may cause the actual results to be materially different. Specific information included in this material is based on data obtained from sources considered to be able to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any kind of analyses provided to support the recipient involving this presentation within evaluating the issues described herein may well be depending on very subjective assessments and assumptions and may use one among substitute methodologies that produce different results. Accordingly, any analyses have to also not have to get looked at as factual as well as should not end up being relied upon as being an accurate prediction associated with future results. All figures are unaudited estimates and be subject to revision without discover. Prescience Point disclaims any obligation to update the information herein and stores the right to be able to change any of its opinions indicated herein anytime as it deems correct. Past performance is simply not indicative of prospect results.

About Supposition Point Capital Supervision

Prescience Point Money Management is the private investment administrator that employs forensic investigative techniques to unearth significant mispricing in global markets. It focuses on substantial investigations of difficult-to-analyze public companies within order to reveal significant elements involving the business that have been overlooked or disregarded by others.

Prescience Point manages exclusive funds on account of its customers and principals and even takes positions each long and short in support regarding its research. Supposition Point invests around a broad set of equities which it believes include abnormally large disparities between what their own underlying businesses are usually intrinsically worth and what their securities sell for. The particular firm was created by investor Eiad Asbahi last year and is headquartered throughout Baton Rouge, UNA. Prescience Point Money Management is some sort of registered investment specialist with the State regarding Louisiana. Follow @PresciencePoint.

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