PicS N.V. (PICPAY) CLASS ACTION ALERT: PicS N.V. Investors Have Until August 4th to Contact Bragar Eagel & Squire, P.C. Seeking Lead Plaintiff Role

A class action lawsuit has been filed against PicS N.V. (PicPay) alleging that the company made false and misleading statements in its January 30, 2026 IPO offering documents. The allegations include undisclosed deficiencies in credit evaluation procedures, reclassification of R$590 million in exposures, unreported Stage 3 formation rates exceeding 7%, and degradation in customer credit quality. The stock has declined over 50% from the $19 IPO price to below $9 per share by June 4, 2026. Investors have until August 4, 2026 to apply to be appointed as lead plaintiff.