Faruqi & Faruqi, LLP reminds investors of the August 4, 2026 deadline to seek lead plaintiff in a securities class action against PicS N.V. The lawsuit alleges PicS and its executives made false and misleading statements in connection with its January 30, 2026 initial public offering, concealing that the company had identified credit evaluation deficiencies in December 2025, reclassified approximately R$590 million of exposures from Stage 2 to Stage 3 resulting in an R$88 million expected credit loss charge, and experienced a Stage 3 formation rate exceeding 7% in the fourth quarter of 2025. On March 18, 2026, PicS disclosed these issues in its fourth quarter 2025 financial results, causing its stock price to fall $3.56 per share, or 22.5%, to close at $12.27 on March 19, 2026. Investors who purchased PicS Class A common stock in or traceable to the IPO and suffered losses may contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330.
Picpay Holdings Netherlands N.V. Class A Common SharesSecurities class action lawsuit alleges false statements in IPO, causing stock price drop of 22.5%.