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PICS INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds PicS N.V. (PICS) Investors of Securities Class Action Lawsuit Deadline on August 4, 2026

GlobeNewswire Inc.·
PICS INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds PicS N.V. (PICS) Investors of Securities Class Action Lawsuit Deadline on August 4, 2026

A federal securities class action has been filed against PicS N.V. (NASDAQ: PICS) alleging that the company and its executives made false and misleading statements in connection with its January 30, 2026 IPO. The lawsuit claims PicS concealed deficiencies in credit evaluation procedures discovered in December 2025, including the reclassification of R$590 million in exposures to its highest risk category and a Stage 3 formation rate exceeding 7%. Following the disclosure of these issues on March 18, 2026, PICS stock fell 22.5% from its $19.00 IPO price to $12.27. The deadline to seek lead plaintiff appointment is August 4, 2026.

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