CORRECTIVE ACTION TAKES AIM AT ADDRESSING INACCURATE INFORMATION PROVIDED BY CIELO

Expander Corrects Misleading Disclosure Made by or on Behalf of Cielo

Benzinga - April 25, 2023

Expander, a leading provider of cybersecurity and compliance solutions, has corrected a misleading disclosure made by or on behalf of Cielo, a leading provider of IT solutions and services. The corrected disclosure was made in accordance with the requirements of the Securities Exchange Act of 1934 and the rules and regulations of the Securities and Exchange Commission.

According to the corrected disclosure, Cielo made a statement that contained a material misrepresentation or omission. The statement was made in a filing with the Securities and Exchange Commission and was intended to provide information about Cielo's financial condition and results of operations.

Expander's correction of the misleading disclosure was made to ensure that investors and other stakeholders have access to accurate and reliable information about Cielo's financial condition and results of operations. The correction was made in accordance with the requirements of the Securities Exchange Act of 1934 and the rules and regulations of the Securities and Exchange Commission.

The corrected disclosure was made in a filing with the Securities and Exchange Commission and is available on the Commission's website. The filing provides additional information about the material misrepresentation or omission contained in the original disclosure and the steps that Cielo is taking to correct the disclosure.