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

Hagens Berman alerts investors in PicS N.V. (NASDAQ: PICS) that a securities class action lawsuit has been filed, and the firm is actively investigating alleged misrepresentations and omissions in the company's initial public offering disclosures regarding PicS's credit underwriting practices.

Investors who purchased or otherwise acquired PicS Class A common stock in and/or traceable to the company's January 30, 2026 initial public offering (IPO) have until August 4, 2026, to ask the court to appoint them as lead plaintiff.

The lawsuit alleges that PicS and certain top executives and underwriters made materially false and misleading statements in its IPO offering documents. Specifically, defendants allegedly failed to disclose that an internal review conducted in December 2025—weeks before the IPO—determined that the company's historical credit evaluation policies and procedures were deficient and required urgent enhancements. These undisclosed deficiencies masked a severe deterioration in customer credit quality, heightened default risks, and a sharp spike in non-performing loan formations.

PicS discloses Q4/FY 2025 results revealing pre-IPO credit procedure deficiencies, R$590 million in Stage 3 loan reclassifications, and a nearly doubled default formation rate. This resulted in a -22.5% single-day drop (Plummeting $3.56 to close at $12.27 per share).

Continued revelations of escalating defaults (with Stage 3 loans reaching 13% of the portfolio) drive shares down further. Over 50% total collapse (Falling to a low of under $9.00 per share compared to the $19.00 IPO price).

We're investigating whether PicS' IPO documents misled investors by allegedly promoting its rapid credit expansion and proprietary AI-driven underwriting models as competitive advantages while omitting to disclose internal data showing portfolio degradation, as the suit contends.

If you purchased or acquired PicS Class A common stock in or traceable to the January 30, 2026 IPO and suffered losses, you have until August 4, 2026, to ask the court to appoint you as lead plaintiff.

Persons with non-public information regarding PicS should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.