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Robbins LLP Reminds PICS Investors of the Pending Class Action Lawsuit; Harmed Investors Should Contact the Firm for Information About Leading the Class Action Against PicS N.V.

globenewswire.com
PICS The article details a class action lawsuit against PicS N.V. alleging misleading statements in its IPO prospectus. Subsequent disclosures revealed significant increases in credit portfolio reclassifications, higher credit loss provisions, and rising delinquent loans, leading to a more than 50% drop in its stock price from the IPO price.

Robbins LLP Reminds PICS Investors of the Pending Class Action Lawsuit; Harmed Investors Should Contact the Firm for Information About Leading the Class Action Against PicS N.V. SAN DIEGO, July 15, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired PicS N.V. (NASDAQ: PICS) securities pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company's January 30, 2026 initial public offering ("IPO"). PicS operates one of the largest digital banks in Brazil. The Company offers various payment, credit, insurance, and investment products across both financial and non-financial services.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

The Allegations:

Shareholders allege that PicS N.V. misled investors in connection with its IPO. According to the complaint, during the IPO, defendants failed to disclose that:

Plaintiff alleges that on March 19, 2026, less than three months after the IPO, PicS disclosed its fourth quarter and full-year 2025 financial results, revealing that it had reclassified approximately R$590 million of credit portfolio balances from Stage 2 to Stage 3, which increased ECL provisions by R$88 million. The Company also reported that its Stage 3 formation rate had risen to 7.1% during the fourth quarter of 2025, representing a 97% increase from the prior quarter. Further, PicS disclosed that it had implemented significant changes to its credit-loss methodologies in December 2025, including enhanced risk models, renegotiation tracking, and stricter policies governing the classification of non-performing exposures. On June 2, 2026, the Company further disclosed that Stage 3 loans had increased to 13% of its total credit portfolio and that delinquent loans continued to rise. On this news, PicS Class A common stock fell to less than $9.00 per share by June 4, 2026, representing a decline of more than 50% from the $19.00 per share IPO price.

What Now: You may be eligible to participate in the class action against PicS N.V. Shareholders who wish to serve as lead plaintiff for the class must submit their papers with the court by August 4, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.

To be notified if a class action against PicS N.V. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

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