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Supposition Point Capital Managing Calls on MiMedx to Confirm the Company Has Received Letters of Serious Concern from other Shareholders

Disappointed that this MiMedx Panel Has Resorted to be able to Disinformation and Distortions to Distract Investors from your Board's and Management's Own Disappointments Reiterates Intention to be able to Withhold Votes In opposition to Directors Phyllis Gardner and James Bierman at 2022 Twelve-monthly Meeting and Have your vote Against Approval involving Executive Compensation PIOCHE ROUGE, La., May possibly 18, 2022 /PRNewswire/ -- Prescience Stage Capital Management LLC ("Prescience Point"), a research-focused, catalyst-driven purchase firm that beneficially owns approximately six. 7% of typically the outstanding common stock of MiMedx Group, Inc. ("MDXG" or perhaps the "Company") (NASDAQ: MDXG), today issued the following affirmation: "In recent hit releases and characters, MiMedx has deceivingly portrayed Prescience Stage as an only disgruntled shareholder. However , from what we understand, several various other large MiMedx shareholders, representing millions of MDXG shares, have sent correspondence towards the Organization outlining similar problems to ours. With an important have your vote coming up with the Company's annual meeting of shareholders on June 7, 2022, we believe that is imperative of which shareholders know the truth. As this kind of, we demand typically the Board and administration to publicly verify that they include received letters regarding concern from all other big shareholders in recent several weeks, " stated Eiad Asbahi, Founder and Managing Partner of Prescience Point. Seeing that an example regarding the apparently common discontent inside the MiMedx shareholder base, Supposition Point noted the particular following comments from an e-mail sent to be able to the Board simply by a large, historical shareholder that has been recently made publicly available on an entrepreneur information website: very well? However , the glorious blow to most of this is usually [CEO] Tim's and this specific Boards "Let all of them eat cake' approach to pass close to shares of inventory like candy. Shareholders are being placed hostage by the particular resulting dilution involving this ill received compensation. "Shame upon this Board as well for accepting thousands and thousands in stock in addition to cash each 12 months while shareholders endure. You will be all derelict in the fiduciary obligation to us? typically the true owners involving MIMEDX who place our hard-earned money into the corporation. "This management and table are not lined up with shareholders' best interests and are a new textbook example of all that will be wrong with corporate governance in modern-day world of hpye and self dealing. " "Rather compared to acknowledge the fancy value destruction brought on by the misdirected strategies and steps of the Board and management, in addition to the totally unjustified stock awards these people have granted them selves, the Company offers involved in personal attacks against me structured on events coming from over 2 decades ago that have always been settled. This will be both an unpleasant weakness of persona within a publicly-traded healthcare company, and some sort of desperate try to discompose shareholders in the failings of the Panel and management, inches said Mr. Asbahi. Prescience Point reiterated its intention to WITHHOLD its ballots against two members of MDXG's Table of Directors, Phyllis Gardner and Wayne Bierman, who are usually on with election with the Company's annual meeting, and to election AGAINST approval regarding the executive compensation package. "We want to send a message how the repeated failures and deficiencies associated with the MiMedx Board and management is going to not be suffered by shareholders, by simply voting WITHHOLD towards two directors and voting NO on the Company's extreme and undeserved exec compensation. prescience point expect of which MDXG shareholders should not swallow all the misleading and self-serving disinformation constantly being served up with the Board and supervision, and that this is incumbent on the Board because fiduciaries setting the record straight, inches Mr. Asbahi known. Disclaimer This material does not constitute a package to sell or perhaps a solicitation associated with an offer to acquire any of typically the securities described thus in any point out to any individual. In addition , the talks and opinions throughout this press release are regarding general information only and are also not meant to provide expense advice. All transactions contained in this specific press release of which are not plainly historical in character or that necessarily depend on future events are "forward-looking statements, " which are not assurances of future performance or results, and the words "anticipate, " "believe, inch "expect, " "potential, " "could, " "opportunity, " "estimate, " and related expressions are usually intended to identify forward-looking statements. The expected results and claims within this press release which are not traditional facts are according to current expectations, talk only as of the date involving this report plus involve risks of which may cause the actual results to get materially different. Specific information included found in this material is founded on data obtained by sources considered to be reliable. No representation is built with respect in order to the accuracy or perhaps completeness of such data, and virtually any analyses provided to assist the recipient of this presentation throughout evaluating the concerns described herein may well be based upon very subjective assessments and assumptions and may work with one among alternate methodologies that generate different results. Accordingly, any analyses need to also not get seen as factual as well as should not get relied upon as an accurate prediction of future results. All figures are unaudited estimates and subject to revision without notice. Prescience Point disclaims any obligation in order to update the information herein and stored the right to be able to change any of its opinions expressed herein anytime as it deems ideal. Past performance is simply not indicative of future results. About Supposition Point Capital Management Prescience Point Funds Management is a new private investment administrator that employs forensic investigative techniques to unearth significant mispricing in global markets. It specializes in extensive investigations of difficult-to-analyze public companies throughout order to find out significant elements involving the business which were overlooked or disregarded by others. Supposition Point manages private funds on behalf of its consumers and principals and takes positions equally long and brief in support of its research. Supposition Point invests around a broad set of equities it believes include abnormally large disparities between what their particular underlying businesses are generally intrinsically worth in addition to what their investments sell for. The firm was started by investor Eiad Asbahi last season plus is headquartered in Baton Rouge, LOS ANGELES. Prescience Point Capital Management is a new registered investment consultant 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

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