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

Alert for PicS N.V. Shareholders

The Gross Law Firm has issued an important notification aimed at shareholders of PicS N.V. (NASDAQ: PICS) who acquired shares during a specified class period. This alert concerns a securities class action lawsuit filed on behalf of affected investors, urging them to come forward to discuss their circumstances and potential involvement in the case.

Context of the Lawsuit

In January 2026, PicS N.V. went public, and the lawsuit centers around claims that the company misrepresented crucial financial information leading up to its initial public offering (IPO). Allegations include that PicS N.V. did not adequately disclose deficiencies in its credit evaluation procedures, which were critically assessed and found lacking in December 2025. This oversight is said to have significantly impacted the quality of the company's credit risk assessments and contributed to an escalation in default rates, ultimately harming shareholders.

Key Allegations

The core accusations suggest that during the class period, PicS N.V. made misleading statements or dangerously failed to disclose essential information, which includes:

• - Deficient Credit Procedures: The company allegedly recognized its credit evaluation processes were inadequate but did not inform investors.
• - Reclassification of Exposures: As part of rectifying the credit evaluation processes, about R$590 million worth of exposures were reclassified, adding a hefty charge, leading to increased losses.
• - Elevated Default Rates: There was a notable spike in the formation rate of Stage 3 defaults, hitting over 7% in the fourth quarter of 2025, which greatly deviated from prior trends and expectations shared with the investors.
• - Inflated Financial Prospects: The offering documents provided to investors were claimed to have overstated the capacity of PicS N.V.'s underwriting practices and failures to effectively manage credit risks across their portfolio.
• - Future Financial Risks: Data indicated a worrisome trend in customer credit quality as PicS N.V. ventured into riskier business avenues prior to its IPO, resulting in forecasted worsening trends in performance.

Important Deadlines

The deadline for shareholders to register for participation in the class action is set for August 4, 2026. Those affected are urged not to delay in registering as it is pivotal for any claims regarding losses incurred due to the alleged misconduct.

Next Steps for Affected Shareholders

Once registered, shareholders will receive updates through a dedicated monitoring software designed to keep them informed of the case’s progress. Participants do not need to take on the responsibility or cost associated with becoming a lead plaintiff to qualify for potential recoveries.

To register or for additional details on this matter, shareholders can visit the Gross Law Firm's official website.

Why Choose The Gross Law Firm?

The Gross Law Firm has established a firm reputation nationally as a leader in class action legal services. Their mission revolves around safeguarding investor rights who face losses due to unethical practices by companies. With a commitment to good corporate governance, they ensure companies remain accountable for their disclosures and operations. The firm seeks recovery for investors misled through false or misleading statements that inflated stock prices artificially.

Contact Information

For further inquiries, shareholders can contact:

• - The Gross Law Firm

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

Stay informed and proactive in your investment decisions by engaging with this vital information. The potential repercussions of the upcoming lawsuit could be significant for investors reflecting on their engagement with PicS N.V.