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PicS (PICS) Investor Alert: Analyzing PicS N.V.’s Alleged IPO Credit Procedure Omissions and Shareholder Rights– HBSS

GlobeNewswire Inc.·
PicS (PICS) Investor Alert: Analyzing PicS N.V.’s Alleged IPO Credit Procedure Omissions and Shareholder Rights– HBSS

Hagens Berman is investigating claims that PicS N.V. (NASDAQ: PICS) omitted material information in its January 2026 IPO documents regarding credit evaluation procedures and loan defaults. The company allegedly failed to disclose that it had identified deficient credit procedures in December 2025, resulting in R$590 million in reclassifications to Stage 3 and an R$88 million ECL charge. Additionally, Stage 3 loan formation rates spiked from 3.8% to over 7% in Q4 2025, with further deterioration of 13% in Q1 2026, substantially deviating from IPO disclosures.

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