Procaps Group S.A. announced that Alejandro Weinstein has asked to rejoin the Board of Directors to collaborate in driving 2023 operating plans and potential M&A opportunities, and the Board has approved his appointment. Alejandro will succeed Daniel Fink, whose planned tenure was set to expire in 2023. Dan has been an incredible asset to the Company and the Board for his steadfast commitment and guidance throughout business combination and after, for which the company thank him.

Dan will continue to work in the near term as a Board Observer, and look forward to his continued guidance and expertise. Kyle Bransfield will succeed Dan Fink as a member of the Audit Committee of the Board of Directors. Additionally, insider directors have agreed to forego any compensation for Board services in 2023.