CorMedix Inc. announced that Paulo F. Costa, a member of the Board of Directors notified the Board that he will be retiring from the Board, effective as of October 15, 2023. The Company does not intend to fill Mr. Costa?s seat on the Board at this time and therefore the size of the Board will be reduced to seven directors effective as of October 15, 2023. The Company expressed gratitude to Mr. Costa for his contributions to the Board and the Company.

Mr. Costa?s departure is not as a result of any dispute or disagreement with the Company, its management, the Board, or any matter relating to the Company?s operations, policies or practices. The Board is evaluating how it intends to fill Mr. Costa?s committee assignment.