San Diego, California--(Newsfile Corp. - June 9, 2026) - Morris Kandinov LLP reminds investors that a securities class action lawsuit has commenced on behalf of investors of PicS N.V. or PicPay Pics NV (NASDAQ: PICS). PicS N.V. made its Initial Public Offering (IPO) on the Nasdaq in January 2026, pricing its stock at $19 per share. Just two months later, in March 2026, the company reclassified R$590 million of its credit portfolio from Stage 2 to Stage 3 (higher risk) to address deficient credit assessment procedures. This news triggered a significant single-day drop in the stock price PicS N.V. The stock is currently trading at half of its IPO value. Morris Kandinov is investigating PicS N.V. regarding possible securities law violations. If you purchased shares of PicS N.V, please contact us. To learn more about this investigation and your rights, visit: https://moka.law/case-contact-form/. Representation is contingency based, shareholders pay no out of pocket costs.

Morris Kandinov LLP is a national law firm that specializes in recovering investment losses and protecting stockholder rights. We work on contingency (i.e., you do not pay our fees out-of-pocket). Our attorneys have made substantial recoveries for investors in jurisdictions across the country and we are recognized as a Top 25 Firm by the ISS Securities Class Action Services Report. The firm would be happy to further discuss these matters, and any legal rights or remedies potentially available to you, at no charge.

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Source: Morris Kandinov LLP