PICS INVESTOR DEADLINE: PicS N.V. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit before August 4, 2026 Deadline

The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of PicS N.V. (NASDAQ: PICS) Class A common stock in and/or traceable to PicS N.V.'s January 30, 2026 initial public offering ("IPO"), have until Tuesday, August 4, 2026 to seek appointment as lead plaintiff of the PicS N.V. class action lawsuit.

Captioned FirstFire Global Opportunities Fund, LLC v. PicS N.V. , No. 26-cv-04793 (S.D.N.Y.), the PicS N.V. class action lawsuit charges PicS N.V and certain of PicS N.V.'s top executive officers, directors, controlling shareholders, as well as underwriters of the IPO with violations of the Securities Act of 1933.

PicS N.V. operates one of the largest digital banks in Brazil. In the IPO, PicS N.V. sold approximately 22.9 million shares of Class A common stock to the public at $19 per share, generating gross proceeds of $434.3 million.

The PicS N.V. class action lawsuit alleges that defendants in the IPO's offering documents made false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) 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; (iii) PicS N.V. had experienced a heightened, but unreported, Stage ...