Notes

Prescience Point Capital Administration Calls on MiMedx to Confirm the particular Company Has brought Characters of Serious Concern from other Shareholders
Disappointed how the MiMedx Panel Has Resorted to be able to Disinformation and Effects to Distract Investors from your Board's and even Management's Own Failures

Reiterates Intention to be able to Withhold Votes In opposition to Directors Phyllis Gardner and James Bierman at 2022 Yearly Meeting and Election Against Approval of Executive Compensation

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

"In recent click releases and characters, MiMedx has deceivingly portrayed Prescience Stage as a lone disgruntled shareholder. Nevertheless , from what we all understand, several various other large MiMedx investors, representing a lot of MDXG shares, have sent correspondence towards the Company outlining similar issues to ours. Along with an important vote coming up at the Company's total annual meeting of shareholders on June seven, 2022, we feel that is imperative that will shareholders know the truth. As such, we demand typically the Board and management to publicly validate that they have received letters associated with concern from the other big shareholders current several weeks, " stated Eiad Asbahi, Founder plus Managing Partner associated with Prescience Point.

Seeing that an example associated with the apparently widespread discontent inside the MiMedx shareholder base, Prescience Point noted typically the following comments from your e-mail sent to the Board by simply a large, longstanding shareholder which was recently made publicly offered on an buyer information website:

inches? Nevertheless , the crowning blow to all of this will be [CEO] Tim's and this Boards "Let these people eat cake' approach to pass all-around shares of stock like candy. Shareholders are being organised hostage by the particular resulting dilution associated with this ill gained compensation.

"Shame upon this Board also for accepting millions in stock and cash each season while shareholders experience. You might be all derelict inside your fiduciary obligation to us? typically the true owners regarding MIMEDX who place our hard-earned funds into this provider.

"This management and table are not aimed with shareholders' needs and are a new textbook example of all that is definitely wrong with business governance in today's world of greed and self working. "

"Rather compared to acknowledge the fancy value destruction caused by the misguided strategies and steps of the Board and management, plus the totally unjustified stock awards that they have granted themselves, the Company features engaged in personal assaults against me dependent on events coming from over twenty years back that have long been settled. This is usually both an upsetting weakness of character in the publicly-traded healthcare company, and a new desperate attempt to distract shareholders from your failings of the Board and management, very well said Mr. Asbahi.

Prescience Point reiterated its intention in order to WITHHOLD its votes against two members of MDXG's Plank of Directors, Phyllis Gardner and Adam Bierman, who are up for election from the Company's yearly meeting, also to political election AGAINST approval involving the executive compensation package.

"We plan to send a communication the repeated disappointments and deficiencies regarding the MiMedx Plank and management can not be tolerated by shareholders, by voting WITHHOLD in opposition to two directors in addition to voting NO upon the Company's too much and undeserved exec compensation. We feel that MDXG shareholders need to not swallow each of the misleading and self-serving disinformation constantly getting served up with the Board and supervision, and that it is incumbent on the Board as fiduciaries to create the particular record straight, very well Mr. Asbahi noted.

Disclaimer

This material truly does not constitute an offer to sell or perhaps a solicitation involving an offer to get any of typically the securities described here in any condition to any man or woman. Additionally , the conversations and opinions throughout this report are regarding general information just and are also not designed to provide expense advice. All assertions contained in this kind of press release that will are not clearly historical in mother nature or that always depend on long term events are "forward-looking statements, " which often are not assurances of future overall performance or results, plus the words "anticipate, " "believe, " "expect, " "potential, " "could, very well "opportunity, " "estimate, " and similar expressions are typically designed to identify forward-looking statements. The estimated results and statements a part of this press release which are not traditional facts are based upon current expectations, communicate only as involving the date associated with this press release and involve risks that will may cause the actual results to get materially different. Specific information included inside this material is dependent on data obtained coming from sources considered to be reliable. Simply no representation is made with respect to be able to the accuracy or completeness of this kind of data, and any kind of analyses provided to assist the recipient associated with this presentation throughout evaluating the concerns described herein may well be based on very subjective assessments and assumptions and may work with one among substitute methodologies that produce different results. Consequently, any analyses have to also not get seen as factual as well as should not get relied upon being an accurate prediction regarding future results. Most figures are unaudited estimates and subject to revision without observe. Prescience Point disclaims any obligation in order to update the info herein and supplies the right in order to change any associated with its opinions stated herein at any time because it deems appropriate. Past performance is not indicative of future results.

About Supposition Point Capital Administration

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

Prescience Point manages personal funds on behalf of its customers and principals in addition to takes positions each long and brief in support associated with its research. prescience point capital management invests around a broad set of equities that this believes have got abnormally large disparities between what their underlying businesses are intrinsically worth plus what their securities sell for. Typically the firm was created by investor Eiad Asbahi last season and is headquartered within Baton Rouge, LA. Prescience Point Funds Management is the registered investment advisor together with the State involving Louisiana. Follow @PresciencePoint.

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