PicS N.V. (NASDAQ: PICS) Investor Alert: Deadline in Lawsuit on August 4, 2026

A deadline is coming up on August 4, 2026 in the lawsuit filed for certain investors of PicS N.V. (NASDAQ: PICS) over alleged securities laws violations by PicS N.V.

Investors who purchased shares of PicS N.V. (NASDAQ: PICS) have certain options and there are strict and short deadlines running. Deadline: August 4, 2026. PicS N.V. (NASDAQ: PICS) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Brazil based PicS N.V. operates as a digital financial services company that provides digital wallet and application for individuals and businesses in Brazil. PicS N.V. (NASDAQ: PICS) reported that its annual Total Revenue rose from over 3.8 billion BRL in 2024 to over 6.28 billion BRL in 2025, and that its Net Income increased from 217.57 million BRL in 2024 to over $1.09 billion BRL in 2024.

PicS N.V. completed its Nasdaq initial public offering ("IPO") on January 30, 2026, selling 22.9 million Class A shares at $19 per share.

Shares of PicS N.V. (NASDAQ: PICS) declined to as low as $8.32 per share on June 04, 2026.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of PicS N.V. (NASDAQ: PICS) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the defendants in the IPO's offering documents made false and/or misleading statements and/or failed to disclose that PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement, that as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025, that PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents, that the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio, and that PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.

Those who purchased shares of PicS N.V. (NASDAQ: PICS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.