#United States #Kessler Topaz #Securities Fraud #Radnor #PicS N.V.

Investor Alert for PICS Investors

Kessler Topaz Meltzer & Check, LLP (KTMC) has issued a crucial alert for investors of PicS N.V. (NASDAQ: PICS) regarding significant legal developments stemming from a securities fraud class action lawsuit. This action has been initiated against PicS for allegations of misleading practices related to their IPO and credit models. Investors who bought shares of PicS around January 30, 2026, specifically Class A common stock, have been encouraged to contact KTMC to discuss potential legal rights and recovery options.

Background of the Class Action

The lawsuit was filed in the Southern District of New York with case number 126-cv-04793. Investors have a deadline until August 4, 2026, to seek lead plaintiff status. The essence of the allegations lies in PicS's failure to disclose crucial information about its credit evaluation processes. Detailed within the complaint are claims that the IPO documentation from PicS contained materially false statements, omitting significant facts that could have influenced the investors' decisions.

Key allegations include claims that:
1. An evaluation of credit evaluation procedures conducted in December 2025 revealed deficiencies that were not disclosed.
2. A substantial reclassification of credit exposures occurred, resulting in a significant increase in expected credit loss charges.
3. A spike in Stage 3 formation rates was noted but not reported prior to the IPO, indicating misleading financial health representation.
4. Statements from the company regarding its credit models and user data misled investors regarding their capabilities in assessing loan risks.

These claims suggest that the financial integrity of PicS was misrepresented, leading to a drastic decrease in stock price post-IPO, plunging to under $9 per share from an initial $19. This over 50% drop has understandably alarmed many investors, prompting them to seek legal counsel.

Actions Available for Affected Investors

Investors who have lost money due to their investment in PicS can take a series of actions. They are encouraged to:

• - File for Lead Plaintiff Status: Interested parties can file to become a lead plaintiff, representing the class in the ongoing lawsuit by the set deadline. This role involves guiding the direction of the lawsuit and collaborating with chosen legal representation.
• - Contact KTMC for Free Case Evaluation: KTMC is offering complimentary consultations for affected investors to explore their options, emphasizing that representation operates on a contingency fee basis, meaning no upfront costs.
• - Choose Counsel or Remain Passive: Investors have the liberty to select their counsel or opt-out without taking any action, with their recovery rights remaining intact regardless of their decision on participating as a lead.

KTMC’s Jonathan Naji reaches out directly to those who have faced losses, highlighting the firm’s substantial history and expertise in securities litigation, aiming to secure significant recoveries for investors in similar situations.

About Kessler Topaz Meltzer & Check, LLP

Founded as a plaintiff-side law firm, KTMC specializes in securities-fraud class actions and extends its expertise to individual investors and institutions globally. With statistical backing, the firm has recovered over $25 billion on behalf of their clients, positioning themselves as leaders in this space. They continuously advocate for investor protection and fair representation against large corporate entities.

Investors looking for more information can visit KTMC's website. Inquiries can also be directed to Jonathan Naji, Esq. at (484) 270-1453, with an invitation to discuss individual circumstances surrounding their investments in PicS N.V.

With market conditions consistently evolving, there remains a critical need for investors to stay informed and proactive about their financial rights and options available to them in instances of perceived securities fraud.