PICS INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against PicS N.V. and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit

San Diego, California--(Newsfile Corp. - June 14, 2026) - Robbins Geller Rudman & Dowd LLP announces that purchasers of PicS N.V. (NASDAQ: PICS) Class A common stock in and/or traceable to PicS N.V.'s January 30, 2026 initial public offering ("IPO"), have until August 4, 2026 to seek appointment as lead plaintiff of the PicS N.V. class action lawsuit. Captioned FirstFire Global Opportunities Fund, LLC v. PicS N.V., No. 26-cv-04793 (S.D.N.Y.), the PicS N.V. class action lawsuit charges PicS N.V. as well as certain of PicS N.V.'s top executive officers, directors, controlling shareholders, and underwriters of the IPO with violations of the Securities Act of 1933.

If you suffered substantial losses and wish to serve as lead plaintiff of the PicS N.V. class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-pics-n-v-class-action-lawsuit-pics.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [e-mail].

CASE ALLEGATIONS: PicS N.V. operates one of the largest digital banks in Brazil. In the IPO, PicS N.V. sold approximately 22.9 million shares of Class A common stock to the public at $19 per share, generating gross proceeds of $434.3 million.

The PicS N.V. class action lawsuit alleges that defendants in the IPO's offering documents made false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) 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; (iii) 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; (iv) 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 (v) 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.

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