The Gross Law Firm reminds PicS N.V. shareholders of the August 4, 2026 deadline to seek lead plaintiff appointment in a securities class action. The lawsuit covers purchasers of PicS Class A common stock in or traceable to the January 30, 2026 initial public offering. The complaint alleges that offering documents misrepresented the quality of credit models and failed to disclose a December 2025 evaluation that found credit procedures deficient, leading to a reclassification of approximately R$590 million of exposures from Stage 2 to Stage 3 and an incremental expected credit loss charge of R$88 million in the fourth quarter of 2025. It further alleges an undisclosed Stage 3 formation rate exceeding 7% in that quarter, along with undisclosed adverse trends from riskier business lines that predated the IPO and were projected to worsen. Shareholders may register without cost or obligation to participate in any recovery.
Picpay Holdings Netherlands N.V. Class A Common SharesSecurities class action lawsuit alleges misrepresentations in IPO documents regarding credit model quality and undisclosed adverse trends.