{"id":979755,"date":"2026-07-08T10:25:05","date_gmt":"2026-07-08T14:25:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-on-pics-n-v-pics-join-class-action-suit-seeking-recovery-contact-levi-korsinsky-2\/"},"modified":"2026-07-08T10:25:05","modified_gmt":"2026-07-08T14:25:05","slug":"lost-money-on-pics-n-v-pics-join-class-action-suit-seeking-recovery-contact-levi-korsinsky-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-on-pics-n-v-pics-join-class-action-suit-seeking-recovery-contact-levi-korsinsky-2\/","title":{"rendered":"Lost Money on PicS N.V. (PICS)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Time-Sensitive: Allegations Focus on Undisclosed Stage 3 Formation Rate Spike That Nearly Doubled Before PicS N.V.’s $434.3 Million IPO<\/i>\n <\/p>\n

\n NEW YORK<\/span>, July 8, 2026<\/span> \/PRNewswire\/ — Levi & Korsinsky, LLP alerts investors in PicS N.V. (Nasdaq: PICS) of a pending securities class action. Class Period: January 30, 2026 through June 4, 2026. Check if you can recover your investment losses<\/a>\u00a0or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/a>\u00a0| (212) 363-7500.<\/p>\n

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\n \"Levi\n <\/p>\n<\/p><\/div>\n

Investors who purchased shares in or traceable to the Company’s January 30, 2026 IPO at 19.00 per share have seen those shares fall below\u00a0 9.00, a loss exceeding $10.00 per share (over 52%). The Court has set August 4, 2026 as the deadline to apply for lead plaintiff appointment.<\/p>\n

\n The Alleged<\/span> Stage 3 Formation Rate Concealment<\/b>\n <\/p>\n

The lawsuit asserts that PicS marketed its IPO on the strength of a stable credit portfolio, presenting investors with a Stage 3 formation rate of 3.6% as of September 30, 2025. This metric, which measures the rate at which loans deteriorate into default status, was prominently featured in the Offering Documents as evidence of sound credit management. What the Offering Documents did not reveal, the action claims, was that the Company’s Stage 3 formation rate had already spiked to 7.1% in the fourth quarter of 2025, a 97% increase over the prior quarter, before a single IPO share changed hands.<\/p>\n

\n Regulation S-K Compliance Failures in the Fintech<\/span> Credit Sector<\/b>\n <\/p>\n

As alleged<\/span>, SEC Regulation S-K Item 303 required the Company to disclose known trends or uncertainties reasonably expected to have a material impact on revenues. Item 105 required disclosure of the most significant factors making the IPO speculative or risky. The complaint contends that a near-doubling of the default formation rate in the quarter immediately preceding the IPO constituted precisely the type of known adverse trend that federal securities regulations mandate be disclosed to prospective purchasers.<\/p>\n