Gross Law Firm Warns PicS N.V. Shareholders About Securities Class Action Deadline

Investor Alert for PicS N.V. Shareholders

The Gross Law Firm is reaching out to shareholders of PicS N.V. (NASDAQ: PICS) to inform them about an important upcoming deadline concerning a securities class action. This notice is particularly relevant to those who acquired shares of PicS during a specific class period, notably around its initial public offering that took place on January 30, 2026.

Class Action Details

The lawsuit filed aims to represent all individuals or entities that purchased PicS Class A common stock during the outlined timeframe. Allegations within the lawsuit assert that the company's officers issued materially false and misleading information concerning PicS' operational procedures and financial health prior to and following the IPO. Some significant claims include:

1. Deficient Credit Evaluation Procedures: It has been alleged that PicS conducted an evaluation of its credit procedures in December 2025, revealing significant deficiencies in need of enhancement. This crucial information was not disclosed adequately to potential investors at the time of the IPO.

2. Misleading Financial Information: Due to recent procedural changes, an alarming reclassification of about R$590 million worth of credit exposures occurred—rumored to be initially categorized as Stage 2 but later reclassified to Stage 3 with an incremental Expected Credit Loss (ECL) charge of R$88 million for the quarter ending December 31, 2025.

3. Heightened Default Risks: The complaint suggests that there was a considerable spike in the Stage 3 formation rate exceeding 7% during the fourth quarter of 2025, a stark deviation from previous trends shared in the offering docs. There were serious issues raised about the validity of the credit models they based their operations on, which were presented as reliable tools capable of monitoring and assessing credit risks.

4. Degrading Customer Credit Quality: The plaintiff's allegations indicate that PicS entered riskier business areas, ultimately leading to declining customer credit quality and an increase in defaults— a downward trend that seemed destined to worsen post-IPO.

Important Deadlines

The Gross Law Firm urges shareholders of PicS who acquired shares during this period to act quickly. The deadline for registering as a potential lead plaintiff in this case is set for August 4, 2026. Shareholders are strongly advised not to delay in their registration to protect their rights and claim any potential recoveries from the lawsuit.

Registration Process

To facilitate this process, individuals interested in participating can easily register by providing pertinent information through the firm's designated platform. Once you register, you will be equipped with a portfolio monitoring tool to keep you updated on the case's status throughout its progression. Importantly, being named a lead plaintiff is optional and does not hinder participation in the case.

Why The Gross Law Firm?

The Gross Law Firm is a reputable firm nationally recognized for its dedication to protecting investors from fraud and unethical business conduct. The firm prides itself on holding companies accountable and advocating for transparent and fair business practices. Their resources are entirely focused on ensuring that investors receive justice when misleading statements or failed obligations lead to financial losses.

For further inquiries or assistance, shareholders can contact:
- Email: [contact email]
- Phone: (646) 453-8903
- Address: 15 West 38th Street, 12th floor, New York, NY 10018

In conclusion, the Gross Law Firm is prepared and willing to assist PicS N.V. shareholders navigate this class action. It is crucial for involved parties to be proactive in understanding their rights and options regarding this situation to seek justice effectively and efficiently.