Urgent Deadline Approaching for Investors in PicS N.V. Class Action Lawsuit

Urgent Class Action Lawsuit Notice for PicS N.V. Investors

As of June 26, 2026, an important update has emerged for investors of PicS N.V., listed on NasdaqGS under the ticker symbol PICS. The law firm Kahn Swick & Foti, LLC (KSF), led by Charles C. Foti, Jr., a former Attorney General of Louisiana, has announced a class action lawsuit aimed at recovering losses for those adversely impacted by the company's alleged misrepresentations during its IPO on January 30, 2026.

Background of the Case

The class action lawsuit is currently pending in the United States District Court for the Southern District of New York. This legal action pertains to the investors who purchased PicS’s Class A common stock and subsequently encountered significant financial losses. If you are part of this group, note that the deadline to file your application as a lead plaintiff is August 4, 2026.

According to court documents, PicS and some of its executives are implicated in failing to disclose crucial information during the offering process, which is a violation of federal securities laws. The complaints list multiple instances of alleged malfeasance, indicating that important disclosures regarding the company’s credit assessment procedures were inadequately addressed in the offering documents.

Key Allegations

Among the critical points highlighted are:
1. The company identified deficiencies in its credit assessment procedures as early as December 2025, which were not disclosed to investors prior to the IPO.
2. Following these internal evaluations, PicS had to reclassify around R$590 million in financial exposures, leading to an unexpected additional charge of R$88 million for the December 31, 2025 quarter.
3. The formation rate for Stage 3 classifications exceeded 7% in the fourth quarter of 2025, diverging significantly from previously disclosed historical trends.
4. Prior to the IPO, the offering documents presented an overstated efficacy of PicS N.V.’s credit models and risk-monitoring capabilities, misleading potential investors.
5. The company's expansion into riskier business areas allegedly contributed to a deterioration in credit quality, heightening the risk of defaults and impairments, which were not communicated effectively to investors.

What Investors Should Do Now

If you invested in PicS N.V. and suffered losses due to the circumstances detailed above, it is strongly advised that you reach out to KSF for more information on the lawsuit and your options moving forward. You may contact KSF Managing Partner Lewis Kahn at 1-877-515-1850 or via email at [email protected] Additionally, detailed information can be found through the firm’s website, which provides resources for affected investors.

In this rapidly evolving situation, the window for joining the class action is limited. Ensure your rights as an investor are protected by taking timely action and seeking the guidance of experienced legal counsel.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, recognized as one of the preeminent boutique securities litigation law firms in the United States, has a proven track record in advocating for investors. The firm’s leadership includes former Louisiana Attorney General Charles C. Foti, Jr., whose extensive experience in securities litigation underscores the firm's commitment to securing recoveries for clients affected by corporate wrongdoing. With offices in several key locations, including New York and Louisiana, KSF is poised to support investors across the country.

For ongoing updates regarding the class action and related information about your rights as an investor, visit www.ksfcounsel.com.

This critical deadline is approaching. Stay informed and take action if you have been affected by the conduct of PicS N.V. around its IPO.