PicS N.V. (PICS) Investors: August 4, 2026, Filing Deadline in Securities Fraud Class Action - Contact Kessler Topaz Meltzer & Check, LLP

Did you buy PICS Class A common stock on or around January 30 , 2026? Affected PICS Investor Summary Who: PicS N.V. ( NASDAQ: PICS ) What: Securities fraud class action lawsuit filed Class Period: pursuant and/or traceable to PicS’s initial public offering (IPO) on or about January 30, 2026 Deadline to Seek Lead Plaintiff Status: August 4, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company’s credit models and user data. Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com ) for recovery options RADNOR, Pa., July 17, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against PicS N.V. (PicS) ( NASDAQ: PICS ) on behalf of those who purchased or acquired PicS Class A common stock pursuant and/or traceable to PicS’s January 30, 2026 IPO. The lawsuit is filed in the United States District Court for the Southern District of New York and is captioned FirstFire Global Opportunities Fund, LLC v. PicS N.V., Case No. 1:26-cv-04793 (S.D.N.Y). Investors have until August 4, 2026, to file for lead plaintiff status. CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS: If you purchased or acquired PicS Class A common stock and have lost money on your investment, you are encouraged to contact KTMC attorney Jonathan Naji, Esq. at: Phone: (484) 270-1453 Email: [email protected] Website: https://www.ktmc.com/pics-pics-nv-class-action-lawsuit?utm_source=Globe&utm_medium=pressrelease&utm_campaign=pics&mktm=PR There is no cost or obligation to speak with an attorney. PICS N.V. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY: The complaint alleges that PicS’s IPO documents contained materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) PicS had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS had implemented in December 2025, PicS had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental Expected Credit Loss (ECL) charge of R$88 million in the three months ended December 31, 2025; (3) PicS 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 IPO documents; (4) the IPO documents had materially overstated the quality and ability of PicS’s credit models and user data to inform the company’s underwriting practices and to allow PicS to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; (5) PicS 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 to continue to worsen following the IPO; and (6) as a result, Defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.