#United States #New York #Gross Law Firm #Securities Class Action #PicS N.V.

Important Notice for PicS N.V. Shareholders

The Gross Law Firm has issued a significant reminder to investors of PicS N.V. (NASDAQ: PICS) regarding an upcoming deadline related to a securities class action lawsuit. This alert is primarily directed at shareholders who acquired shares during a specified class period leading up to the company’s IPO on January 30, 2026.

Background of the Class Action

The class action lawsuit encompasses all individuals or entities that purchased PicS Class A common stock from the aforementioned date. Allegations within the lawsuit assert that the company made materially false statements and failed to disclose crucial information about its financial health and operational standards. Specifically, it was alleged that:
1. Inadequate credit evaluation procedures were recognized in December 2025, leading to significant financial misclassifications.
2. Nearly R$590 million of previously classified Stage 2 exposures were reclassified to Stage 3, resulting in an additional charge of R$88 million.
3. The company faced an unexplained surge in Stage 3 formation rates, which deviated starkly from prior historical trends.
4. IPO documents may have overstated the efficacy of PicS N.V.’s credit models, thereby creating a misleading perception of its underwriting practices.
5. The firm entered riskier business lines, which resulted in declining customer credit quality and increased risks of defaults predating the IPO.

Class Action Details

The deadline for shareholders to register for this class action is fast approaching on August 4, 2026. Failure to register may affect your rights in pursuing any potential recovery. Interested individuals can easily secure their participation by submitting necessary information to the Gross Law Firm through their designated form. It is crucial for all shareholders to act without delay as the timeline for inclusion in this case is limited.

Once registered, shareholders will gain access to monitoring software that provides ongoing updates about the case’s status, ensuring they remain informed throughout the process. Furthermore, potential lead plaintiff candidates are encouraged to step forward. It is important to clarify that becoming a lead plaintiff is not a requirement for participation or recovery.

Why Choose the Gross Law Firm?

The Gross Law Firm is a reputable law firm nationally recognized for its commitment to upholding investor rights. Their mission is to assist individuals who have faced losses due to deceptive practices or fraudulent activities by corporations. The firm emphasizes the importance of transparency and responsible business conduct, representing investors whose trust has been compromised by misleading representations from companies. No upfront costs are involved in participating, making it accessible for all eligible shareholders.

For any inquiries or to register, shareholders can get in touch with the Gross Law Firm at their New York headquarters.

Contact Information

Firm Address: 15 West 38th Street, 12th floor, New York, NY 10018
Email: [email protected]
* Phone: (646) 453-8903

In summary, this is a crucial reminder for PicS N.V. shareholders regarding the upcoming deadline to actively participate in a potentially impactful class action lawsuit. Ensuring your registration is timely could make a significant difference in safeguarding your investment against misrepresentation.