Prescience Point Capital Supervision Says MiMedx Shareholders Have Spoken: Voiced Their Desire For Change

Notes that the Majority of typically the Non-Affiliated, Non-Institutional Stocks Voted Against the particular Re-Election of Incumbent Directors, and Against Approval of Professional Payment

Demands Leadership Immediately Address Substantial Divergence Between the Share Price and Underlying Worth

Vows to Continue The Efforts to Carry MiMedx Leadership Dependable

BATON ROUGE, La., June 14, 2022 /PRNewswire/ -- Prescience Point Capital Administration LLC ("Prescience Point"), a research-focused, catalyst-driven investment firm that beneficially owns around 6. 7% regarding the outstanding common stock of MiMedx Group, Inc. ("MDXG" or the "Company") (NASDAQ: MDXG), nowadays issued an open letter to investors commenting on the particular results of you can actually annual meeting regarding shareholders, held about June 7, 2022:

Dear Fellow MiMedx Shareholders:

MiMedx has attempted to put a positive spin about the voting outcomes of its the latest annual meeting, nevertheless a more detailed and objective research in the results paints a far distinct picture and demonstrates widespread discontent within just the Company's aktionr base. We inspire all MiMedx investors to review the final results, as tabulated with the independent Inspector associated with Elections and recorded in a Type 8-K with the particular Securities and Swap Commission.

An research of the outcomes reveals that, as the MiMedx's proposals have been approved, the benefits were heavily altered with the votes associated with parties affiliated together with the MiMedx Panel and other Organization insiders including EW Healthcare Partners ("EW"), who collectively individual almost 23% associated with MDXG's outstanding common stock. The outcomes were further skewed with the votes associated with institutional shareholders, typically the majority of who automatically vote in-line with the tips of proxy consultants Glass-Lewis and ISS. Within a future correct contested election, we would offer an opportunity to present the case to the proxy advisors and even gain the assistance from the institutional trader vote.

Rather as compared to resounding acceptance, as implied from the Organization, the non-affiliated, non-institutional vote reflected widespread shareholder discontent using the misguided ideal decision-making, value-destructive procedures, and excessive exec compensation practices from the Board and supervision. Fully 21. 7 million and 20. 1 million stocks were voted KEEP BACK / ABSTAIN from the re-election of James Bierman and Phyllis Gardner, respectively, in addition to 30. 8 mil shares were the very best AGAINST the executive compensation or apparent "say-on-pay" proposal. Prescience Point estimates that approximately 56% and even 49% of typically the shares voted by simply non-affiliated, non-institutional cases voted WITHHOLD as well as ABSTAIN contrary to the re-election of James Bierman and Phyllis Gardner, respectively, and 79% voted AGAINST the Board-approved "say-on-pay" proposal.

The particular shareholder base has spoken, and the information is clear: The worthiness destruction, and reprehensible track record regarding excessive compensation in addition to self-dealing under the present Board and supervision, enabled by EW, its Board designee Martin Sutter, plus Chairwoman Dr . Mirielle. Kathleen Behrens, will certainly not be tolerated for much extended. We are aspirant that the unaffiliated shareholders' response to our calls for change will serve as a catalyst drive an automobile enhanced performance, accountability, governance and compensation practices at the Firm. We also expect the Board in addition to management will attention the call regarding innumerable shareholders in addition to show confidence inside MiMedx getting gives you on the open market.

As detailed in our May possibly 31st presentation, all of us continue to feel that MiMedx is a highly-valuable, but grossly mismanaged organization that could be worth multiples of its current valuation if only the Board and managing would focus more on the shareholders rather than them selves. The current Plank and management have shown only ignore and even contempt for the Industrys individual or store shareholders, as proven in a recent Wall membrane Street Journal content in which CFO Pete Carlson required a swipe with MDXG's retail buyers by stating, "Individual investors? sometimes place pressure on typically the stock unrelated to the company, such as when selling gives you to fund a new home purchase or perhaps cover medical expenses, " and, "With institutions, there's much less noise about person financial situations because it's a part of some sort of broader portfolio. "

As demonstrated simply by the results regarding the election, because well as the latest letters of disapproval sent by various large shareholders, the MiMedx shareholder basic appears to be unified in its displeasure with the status quo. The divide in addition to conquer, and smoke cigarettes and mirrors techniques that the Table and management include used in past times will no longer job. If MiMedx proceeds down its current misguided path, shareholders could have an chance to take back charge of the Firm at next year's annual shareholder meeting, where four Board seats will probably be upwards for election.

We are appreciative of all the shareholders that voiced their disapproval and voted in opposition to MiMedx's incumbent candidates and compensation bundle. We will closely monitor the Business to make certain the Panel and management carry on to implement the particular changes we experience pushed for found in our campaign, and even, if necessary, will require further actions to ensure the Company is usually in the right direction to creating value for every the shareholders. If the just way to recognize the promise regarding MiMedx is to refresh the Plank and replace BOSS Timothy Wright plus Chairwoman Dr. Meters. Kathleen Behrens, well then we will lead that will effort.

Respectfully,

Eiad Asbahi, Founder
Supposition Point Capital Administration

Please note
This material does not make up an offer to be able to sell or even a solicitation of an offer to buy any of the securities described herein in different state to any person. In addition, the discussions plus opinions in this press release are for general information simply and are certainly not meant to provide purchase advice. All claims found in this hit release which are not clearly historical in characteristics or that always depend on future events are "forward-looking statements, " which can be not guarantees regarding future performance or results, and the words "anticipate, very well "believe, " "expect, " "potential, inch "could, " "opportunity, " "estimate, inch and similar words and phrases are usually intended in order to identify forward-looking statements. The projected outcomes and statements comprised in this report that are not necessarily historical truth is based on current objectives, speak only as of the date with this press release and involve risks that will may cause the actual results in order to be materially distinct. Certain information integrated in this materials is based about data obtained from sources considered to always be reliable. No portrayal is made from respect to the accuracy or even completeness of these kinds of data, and virtually any analyses provided to assist the recipient of this presentation within evaluating the things described herein can be based on summary assessments and assumptions and may use one particular among alternative techniques that produce distinct results. Accordingly, virtually any analyses must also not really be viewed as factual and furthermore should not end up being trusted as the accurate prediction of future results. Just about all figures are unaudited estimates and theme to revision with no warning. Prescience Point disclaims any obligation to be able to update the data herein and reserves the justification to change virtually any of its views expressed herein at any time as it deems suitable. Past performance is usually not indicative regarding future results.

About Prescience Point Capital Management
Prescience Level Capital Management is a private investment supervisor that employs forensic investigative techniques in order to unearth significant mispricing in global markets. It specializes within extensive investigations associated with difficult-to-analyze public businesses in order to be able to uncover significant components of the business enterprise of which have been disregarded or ignored simply by others.

prescience point capital managementmanages private funds for its consumers and principals and takes positions each long and quick for its study. Prescience Point invests across a wide-ranging set of equities that it is convinced have abnormally large disparities between what their underlying organizations are intrinsically worth and what their own securities sell with regard to.prescience point capital managementhad been founded by entrepreneur Eiad Asbahi found in 2009 and is usually headquartered in Pioche Rouge, LA. Supposition Point Capital Supervision can be a registered purchase advisor with typically the State of Louisiana. Follow @PresciencePoint.

SOURCE Prescience Point Funds Management