{"id":18514,"date":"2026-06-10T00:26:00","date_gmt":"2026-06-09T22:26:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=5c164ffb31b6f815c7e734de4e0d71bb"},"modified":"2026-06-10T00:26:00","modified_gmt":"2026-06-09T22:26:00","slug":"deadline-alert-faruqi-faruqi-llp-reminds-pics-n-v-pics-investors-of-securities-class-action-deadline-on-august-4-2026","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=18514","title":{"rendered":"DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds PicS N.V. (PICS) Investors of Securities Class Action Deadline on August 4, 2026"},"content":{"rendered":"

\nFaruqi & Faruqi, LLP Securities Litigation Partner <\/b>James (Josh) Wilson<\/b><\/a> Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options<\/b><\/p><\/a><\/a><\/a><\/a>

\nIf you purchased or acquired <\/b>PicS<\/b><\/a> Class A Common stock in and\/or traceable to PicS\u2019 January 30, 2026 initial public offering (\u201cIPO\u201d) <\/b>and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly <\/b>at 877-247-4292 <\/b>or 212-983-9330 (Ext. 1310)<\/b>.<\/p>

\n[You may also click here for additional information]<\/b><\/a><\/p>

NEW YORK--(BUSINESS WIRE)--$PICS<\/a> #ClassAction<\/a>--Faruqi & Faruqi, LLP<\/a>, a leading national securities law firm, is investigating potential claims against PicS N.V. (\u201cPicS\u201d or the \u201cCompany\u201d) (NASDAQ: PICS) and reminds investors of the August 4, 2026 deadline<\/b> to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.<\/p>

\nFaruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com<\/a>.<\/p>

\nAs detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and\/or misleading statements and\/or failing to disclose that: (1) PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (3) PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents; (4) the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (5) PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.<\/p>

\nOn or around January 29, 2026, PicPay conducted its initial public offering (\u201cIPO\u201d), selling 22.86 million Class A common shares priced at $19.00 per share.<\/p>

\nThen, on March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company\u2019s \u201cannual review of expected credit loss parameters,\u201d it had made several \u201cenhancements\u201d to its Expected Credit Loss (\u201cECL\u201d) calculations, and \u201cimplemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3.\u201d Consequently, \u201cR$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD].\u201d Stage 3 is the Company's highest risk category for its credit portfolio.<\/p>

\nOn this news, PicPay\u2019s stock price fell $3.56 per share, or 22.5%, to close at $12.27 per share on March 19, 2026.<\/p>

\nThe court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.<\/p>

\nFaruqi & Faruqi, LLP also encourages anyone with information regarding PicS\u2019 conduct to contact the firm, including whistleblowers, former employees, shareholders and others.<\/p>

\nTo learn more about the PicS N.V.<\/b> class action, go to www.faruqilaw.com\/PICS<\/b><\/a> or call<\/b> Faruqi & Faruqi partner Josh Wilson directly <\/b>at 877-247-4292 <\/b>or 212-983-9330 (Ext. 1310)<\/b>.<\/p>

\nFollow us for updates on LinkedIn<\/a>, on X<\/a>, or on Facebook<\/a>.<\/p>

\nAttorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com<\/a>). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.<\/p> Contacts<\/b>

\nFaruqi & Faruqi, LLP\nJosh Wilson\n877-247-4292 or 212-983-9330 (Ext. 1310)<\/p>","protected":false},"excerpt":{"rendered":"

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options
\nIf you purchased or acquired PicS Class A Common stock in and\/or traceable to …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18514","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/18514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18514"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/18514\/revisions"}],"predecessor-version":[{"id":18515,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/18514\/revisions\/18515"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}