Deadline Alert: PicS N.V. (PICS) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit

Glancy Prongay Wolke & Rotter LLP is alerting investors of the upcoming August 4, 2026 deadline to file a lead plaintiff motion in a class action lawsuit against PicS N.V. (NASDAQ: PICS). The lawsuit concerns investors who purchased Class A common stock during the Company’s January 2026 initial public offering (IPO). The complaint alleges that the IPO offering documents contained materially false and misleading statements and failed to disclose adverse information about the Company's business and prospects. Specifically, the lawsuit points to PicS's announcement on March 19, 2026, regarding enhancements to its Expected Credit Loss (ECL) calculations, which led to a reclassification of R$590 million in portfolio balances to Stage 3 (highest risk category) and an increase in ECL by R$88 million. This news caused PicS's stock price to fall by 22.5% on March 19, 2026, and subsequently declined over 50% from its IPO price. The complaint further alleges that PicS failed to disclose deficiencies in its credit evaluation procedures, a heightened Stage 3 formation rate, overstated the quality of its credit models, and suffered from degradations in customer credit quality and heightened risks of default due to entering riskier business lines before the IPO.